Economists talk about the what could happen to home values if 'blanket rezoning' is adopted in Calgary
The northwest Calgary community of Capitol Hill is part of a self-guided walking tour the city has posted on its website.
On Monday, council will consider a proposal to re-designate virtually all residential areas to allow for duplexes, townhouses and rowhouses.“It’s a tricky issue because there’s people who already own houses who naturally are thinking they would like to preserve the value of the house and the people who are trying to enter the housing market who want to have lower prices.
He points out that one of the upsides is greater local amenities. More people means more local shops, restaurants and schools, which can make a neighbourhood more valuable and desirable.“If you are in a very dense area, those kind of coffee shops can be supported; they have hundreds of customers, instead of five customers,” Whalley said.
“City council is at least partly being influenced by local taxpayers who say, ‘the biggest asset I have, if it’s not my pension, it’s the equity in my home and if you approve all this high density development, you’re going to push down housing prices,'” said Concordia University economist Moshe Lander.
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