Eh. When I was living in Ottawa, developers were buying up $600k houses (that I could afford), knocking them down, and replacing them with two or three $900k houses (that I couldn’t afford).
I’m all for densification, but if the purpose of this is to lower housing costs, it’s too early to declare victory. We need to see house prices meaningfully decline before that.
Pre-approved plans massively lower overhead costs and allow small scale developers, and owner financed projects, to get into the market.
I would love to turn my SFH into a plex, and I could probably finance it myself with pre-approved plans and no zoning stickiness. Considering we’ve gotten two sets of parents probably moving into the requiring care phase in the next decade, I’d love to crack on with this instead of needing to move to something already built and larger which would probably massively increase our transit budget.
Eh. When I was living in Ottawa, developers were buying up $600k houses (that I could afford), knocking them down, and replacing them with two or three $900k houses (that I couldn’t afford).
I’m all for densification, but if the purpose of this is to lower housing costs, it’s too early to declare victory. We need to see house prices meaningfully decline before that.
Or at least I do. You do you.
Pre-approved plans massively lower overhead costs and allow small scale developers, and owner financed projects, to get into the market.
I would love to turn my SFH into a plex, and I could probably finance it myself with pre-approved plans and no zoning stickiness. Considering we’ve gotten two sets of parents probably moving into the requiring care phase in the next decade, I’d love to crack on with this instead of needing to move to something already built and larger which would probably massively increase our transit budget.