Parking in Waterloo Region

[ookpik]

Y'all are welcome to have your concerns or preferences for parking. Why should that prevent someone from buying a unit without a parking spot if that's what they want?...

I'd be more concerned with the impact that a building with little or no parking would have on the neighbourhood. For example the visitor's parking area (assuming there was one) would likely have to be strictly regulated/policed. Likewise for street parking in the immediate neighbourhood.

I get that there may be an increasing number of people who have no interest in owning a car, hence no need to have a parking space with their condo and hence would rather save ~$30,000 on the cost of their unit. Perhaps some day this demographic will become more common and there will be no downside in having a no-parking-space condo. But I don't think we're there (yet!)

Hence as a practical matter, even if I didn't need a parking space I'd still get one and rent it out. That way my options are covered regardless of how the universe unfolds. Granted there's a risk that if no-parking-space life becomes very common I may be unable to rent my space or to get much for it. But in that case I suppose such parking spaces could be repurposed, e.g. caged with chain link and used for storage.