11-06-2015, 10:25 AM
In the Shepphard example you gave, there's greater housing supply in the area now. So even though prices are higher, they would be even higher if the single detached homes and small rental towers remained.
I think some stops along the LRT route will be slow to gentrify for a while - Mill/Courtland, Blockline, and Fairview mall. From what I can tell, there's a fair amount of affordable housing in these areas. Maybe not so much at Mill/Courtland since that area isn't built up much. I'm expecting the Cedar Hill area to gentrify fairly quickly though. As well as the area around the hopsital.
Honestly, I don't expect city or regional governments to do anything practical to prevent it. There may be some motions passed in principle to limit gentrification, but I doubt it will have a real effect. I think Kitchener council would bend over backwards for development of south downtown, affordable housing be damned.
I think some stops along the LRT route will be slow to gentrify for a while - Mill/Courtland, Blockline, and Fairview mall. From what I can tell, there's a fair amount of affordable housing in these areas. Maybe not so much at Mill/Courtland since that area isn't built up much. I'm expecting the Cedar Hill area to gentrify fairly quickly though. As well as the area around the hopsital.
Honestly, I don't expect city or regional governments to do anything practical to prevent it. There may be some motions passed in principle to limit gentrification, but I doubt it will have a real effect. I think Kitchener council would bend over backwards for development of south downtown, affordable housing be damned.