06-01-2021, 01:29 PM
(06-01-2021, 10:28 AM)Bytor Wrote:(05-31-2021, 11:29 PM)nms Wrote: I think more accurately, the complaint was the LRT-inspired construction was displacing affordable housing along the corridor and forcing those seeking affordable housing to move further from transit and services that they could access.
After condos started getting built, yes, that complaint has been made. And for good reason, too.
Very few affordable units have been actually lost to the new construction: most of it has been either empty land or commercial properties. None of these actually lost units, for example: City Centre, 1 Victoria, 100 Victoria, Garment St, Arrow 2, Drewlo, The Scott, Civic 66 match this. Market Flats replaces a handful of low-cost housing units but most others really do not. (The 19-31 Mill St project will lose a number of units, though -- and the Victoria Park Neighbourhood Association pushed the developer to change the construction plans, and now there will not be any affordable units.)
The bigger factor, I think, is that many property owners are renovating their properties, and this typically results in substantial rent increases. This would happen without the LRT, too, but likely less often.