I've thought many times that the success or popularity of Cook St. Village was an example of what can happen when has both density and buying power combined..
It would be interesting to see comparisions done with other "villages" in the region to determine if my hypothese is valid..
Intuitively, I've said that even with all the street tarting up done to highlight Quadra Village, it may have density, but not the buying power to create the popularity that Cook St. has..
Good point. It's probably even a factor at the level of perception: if an area is perceived as "nicer" in terms of being of higher "value," it's attractive even if you're not going there to buy some smart new piece of furniture or shop for delicatessen, and are in fact there to have just a cup of coffee. But you'll go there, because it's interesting to see the mix.
That's probably the effect that the "creative classes" moving into an area has, too. The "creatives" don't necessarily have a huge buying power, but they
add value to a neighbourhood, which in turn attracts people who do have buying power. That can lead to gentrification, too, but it's not necessarily all bad. In Fairfield, the "value" comes from both ends (interesting people and conventional $-value): lots of young people at Moka House & Starbucks, as well as high real estate prices that make the area "valuable" in a monetary sense. Start adding secondary suites (affordability?), more people, used/ antique furniture stores (vs. straightforward "thrift shops"), media (Pic-a-flic), delis, and you're off...