Calgary Planners Look to Vancouver Condo Model
November 22nd, 2008
Photo Courtesy of: thivierr
OK, Maybe I am stretching this a bit, but there is some truth to it.
Today more and more cities are looking to reducing Urban Sprawl, and Vancouver is a great model for that. With development planned around sky train stations, Vancouver had managed to create self sustaining pockets of condos and services which has in part led to the sharp increase in demand a price for condos. Of course we have seen that pull back a bit which is always a concern, but looking at the bigger picture, it is the way of the future and only natural that other cities may look to similar models.
As is pointed out in the Calgary Herald Article: Planners praise LRT highrise push, there are numerous benefits including reduce land use, clustering of services and cost saving by being able to offer and deliver services to more people in a closer range such as health care etc.
Calgary is taking a serous look at this and the results that have been achieves in other locations throughout the world with a similar approach.
This should be interesting to watch develop, and bodes well for the future of condos, the demand for them and the value of them.
November 22nd, 2008 at 9:42 pm
Density in Calgary may not work as well as it has in Vancouver. Vancouver unlike Calgary has geographic boundaries to sprawl. Ocean to the West, US Broder to the South, and mountains everywhere else means Vancouver had to increase density.