dunno
Active Member
Are there any examples of where gentrification has been a non-issue? As you well know, Edmonton is not even close to the first city that has had to deal with gentrification - gentrification is as much of a social problem as it is an economic issue. Property values are driven up, pushing property tax up and also the barrier to entry up for new individuals/businesses. It is not only existing tenants/residents that are affected with gentrification. Toronto (as you highlighted above), Brooklyn (particularly Wiliamsburg and now other neighbourhoods) are good examples of this in a larger context than what Edmonton has had to face. You can put up safeguards from a governance perspective, but there are still natural forces that you cannot control through regulation. I definitely understand the want for it to be a non-issue, but I also don't think that is realistic from a systemic perspective either.
no, gentrification is inherently an issue, unless you’re wealthy and enjoy or don’t care about the consequences of your actions, i suppose. what i mean is that we shouldn’t be thinking that, “wow, edmonton has enough going on now that it’s finally dealing with gentrification” as if it’s a good. or, at least that’s how i interpreted your post, but you could have meant something else entirely.
ultimately it is an issue with how property and land is utilized and, you’re right, it’s systemic, and i don’t think much other than piecemeal reforms can occur without huge structural changes.