Vancouver is in a very unique situation right now, as compared to other cities like Edmonton, which is also trying to densify the city. Is it possible to actually drive affordability by adding density, and what is the "tipping point" for number and type of dwelling before it actually starts to become affordable ?
The reason I ask is because here in Edmonton, housing is quite affordable, yet developers are pushing densification as necessary to provide affordable housing. However if you look at the type of densification that's happening (usually replacing one SFH with two or a duplex) it's actually driving up housing prices in certain areas because they're taking perfectly good, but older houses off the market and replacing them with really expensive new houses.
Obviously the differences between Edmonton are night & day, but here in Edmonton the push for densification is largely a cash grab. Is Vancouver actually able to provide affordability by densifying these extremely expensive properties, or are you just making may expensive properties out of one ?
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