“Zoning is a tool, it’s not an end,” says Andy Yan, director of Simon Fraser University’s City Program.
For most people, buying a home is the single largest investment they will ever make, she adds. “And protecting that investment is of paramount importance to them.”that the presence of row houses, triplexes or secondary suites in low-density, residential neighbourhoods causes property values to tank – in fact, it
“What people often forget is that because the land cost is higher, they’re not going to be able to redevelop at a lower price point,” she says. “Unless there’s a significant amount of density added.”, the number of months of supply decreased sharply across all segments, but the listing inventory is the tightest for properties listed below the benchmark price of $572,300. In mid-February, only a third of all homes for sale were listed below this price point.
A more focused approach is something Calgary realtors could get behind, says Hong Wang, chair of CREB’s government relations standing committee, pointing at examples presented by Jennifer Keesmaat, a real estate developer and urban planner based in Toronto, at a December event hosted by the City of Calgary.
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