Look who has created this narrative - developers. Who stands to gain the most with the narrative - developers!
I am not suggesting that the downtown shouldn't be redeveloped, just that it is a fallacy for people to think that will mean that they will be able to rent a 1 bedroom for $800 a month or buy a 1 bedroom condo for $350K! Look at how much new inventory has come on the market in the past couple of years yet rents and prices are higher than ever.
I mean, you can still buy a 1-bed in Langford for <350K - in part thanks to the fact the city has brought a ton of new stock. Just a few years ago that sort of money got you a 1-bed just about anywhere in the core, even in new builds.
Edited by Casual Kev, 11 April 2021 - 11:07 AM.