Earlier this week I went to a Public Consultation regarding the City’s new proposed Zoning Bylaws, and I confirmed that there are MASSIVE CHANGES coming to our suburbs.
Long story short – 4 Units or more allowed in every home, and mixed use buildings on main roads around transit hubs. What that looks like is significantly more multi units and local mom and pop shops up and down the main streets in neighbourhoods.
The City calls this ’15 minute Neighbourhoods’, which basically promotes all amenities and essential services within a 15 minute walk from your front door.
Some people say this is a marvel in urban planning, and will make for better local economies and the environment. Others say it’s a Communist ploy to control our every movement and slowly suffocate us into slavery.
Personally, I think it’s awesome. I think it will increase housing supply, it will give home owners more ways to earn income, it will spur the economy and allow a lot of small businesses to flourish, and will give investors or all types more opportunities to invest. Pretty awesome!
The City is hoping to have this all finalized by the end of 2025, and then it’s time to watch our suburbs boom!
What do you think?
The Evans Real Estate Group Blog 