occidentalcapital
Senior Member
This was discussed today at Urban Planning Committee - documents here: https://pub-edmonton.escribemeeting...English&Agenda=Agenda&Item=24&Tab=attachments
I can't help but think this will end up being a massive windfall to current SFH property owners, and a barrier to entry for anyone not currently in the market. I'm not sure it is wise to delay additional approved development, it seems like it could erode Edmonton's affordability advantage and essentially pushes more people into higher-density living arrangements (which some may like, but others might have preferred to buy a SFH). Wouldn't it just be easier to tax the new areas more? Rather than prohibit development, and potentially send that development to other regional municipalities?
I can't help but think this will end up being a massive windfall to current SFH property owners, and a barrier to entry for anyone not currently in the market. I'm not sure it is wise to delay additional approved development, it seems like it could erode Edmonton's affordability advantage and essentially pushes more people into higher-density living arrangements (which some may like, but others might have preferred to buy a SFH). Wouldn't it just be easier to tax the new areas more? Rather than prohibit development, and potentially send that development to other regional municipalities?