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Old 05-13-2022, 01:58 PM   #1701
blankall
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Quote:
Originally Posted by powderjunkie View Post
The issue isn't builders, it's how we look at the thousands of kilometers of street parking.

NIMBYs want a guaranteed spot in the street in front of their house instead of taking the extra minute to use their garage (or they can't because of all the #### they own and never use). Put a price on that space and the issue will resolve itself.
Typically this is resolved in most cities with a nominal fee for street parking and permits. I have no problem with a reasonable pay per use fee. Contrary to popular belief, people do not own the sidewalks or roads in front of their house, and the city, not them, pays for their upkeep.

Growing up in Calgary, I always hated people who parked unnecessarily on the roads. Very disruptive to my cycling, skateboarding, and street hockey games.
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Old 05-13-2022, 02:39 PM   #1702
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Originally Posted by jwslam View Post
Name a builder that offers this... It doesn't exist.
The first condo I ever bought, I had the option to buy a second stall. Also, nothing is stopping builders from selling places with 4 parking spots if they want. As powderjunkie said, all of this is a moot point. The problem is people thinking they own the street in front of their house, due to historical precedence of its use. That is public property, and you own the spot in front of my house just as much as I do.
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Old 05-13-2022, 02:51 PM   #1703
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Quote:
Originally Posted by blankall View Post
Typically this is resolved in most cities with a nominal fee for street parking and permits. I have no problem with a reasonable pay per use fee. Contrary to popular belief, people do not own the sidewalks or roads in front of their house, and the city, not them, pays for their upkeep.

Growing up in Calgary, I always hated people who parked unnecessarily on the roads. Very disruptive to my cycling, skateboarding, and street hockey games.
Developer has to pay for sidewalk repairs for the first 10 years (maybe 15). After that it reverts to the city. The city used to split the cost 50/50 with the homeowner but this was changed about 10 years ago so now the city pays all of it.
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Old 05-13-2022, 03:53 PM   #1704
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Originally Posted by Macman View Post
Ha, I had no idea he lived there. I live only a few blocks away, and my grandparents' house was a few parcels east and across the street.
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Old 05-17-2022, 10:15 AM   #1705
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And here we go. Final shoe to drop

https://www.theglobeandmail.com/busi...ices-drop-for/

https://www.bloomberg.com/news/artic...-on-rate-hikes

US housing data also showing same trend

Hold on it going to be a bumpy ride - but will be interesting to see what Calgary does as we have had the least dramatic price increase historically and have macro factors - oil prices - that should somewhat support price levels and increasing rates

Last edited by Jason14h; 05-17-2022 at 10:22 AM.
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Old 05-17-2022, 10:50 AM   #1706
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And here we go. Final shoe to drop

https://www.theglobeandmail.com/busi...ices-drop-for/

https://www.bloomberg.com/news/artic...-on-rate-hikes

US housing data also showing same trend

Hold on it going to be a bumpy ride - but will be interesting to see what Calgary does as we have had the least dramatic price increase historically and have macro factors - oil prices - that should somewhat support price levels and increasing rates
Can’t wait tbh. The influx of ‘wealth’ the housing market has created is good for a select few, mostly investors with no ties at all to the communities they’re ####ing.

Avg purchase price:income is like 10% higher than it was at the peak of the bubble behind the crash of 08, and is way higher than historical averages. The other foot will drop.
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Old 05-17-2022, 10:52 AM   #1707
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I think the key thing is that the globe and mail articles says "Canada" but in reality it's the massively overpriced markets that are seeing the drops, not here yet.

"Economists expect higher borrowing costs will lead to a significant price drop in some of the hottest markets."

I'd say given a choice for someone to buy a home and are willing to move, Alberta still looks attractive and we won't see that same % decrease they are predicting for say Toronto or Vancouver


Kinda PO'd though, I finally see some decent gains in my house value from 10 years ago, and now it's possibly going to be wiped out. One step forward, one step back.
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