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constance_chlore said:
Why would people outside Edmonton care about Edmonton's arts, history, food, etc. if even most Edmontonians themselves don't? Even when Edmonton does get positive coverage, it's usually "it's cheap to buy a house there," which is hardly an attractive image for the sorts of ambitious, creative people who we want.
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Good question. However, we constantly get coverage shoved down our throats about certain other cities in Canada I don't really care about that much because more of the regional or national media is located there.
 
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thommyjo said:
Pros/Cons of moving to 4%?
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Increased supply costs in inelastic goods (like homes) are directly passed onto the consumer. Housing prices go up. Project starts go down as they don't pencil for financing. Higher DCs than Calgary push starts outward.

Higher DCs pad municipal bankrolls, allowing for greater quality of services and slowed increases to property taxes. Eventually, market catches up and balances.

There's a lot more to it, but that's some of the big factors. We also have offsite levies which act as a revenue generator/expense beyond what is captured by most DC estimates, and to my limited understanding Alberta is unique in having those.
 
policyenthusiast said:
Increased supply costs in inelastic goods (like homes) are directly passed onto the consumer. Housing prices go up. Project starts go down as they don't pencil for financing. Higher DCs than Calgary push starts outward.

Higher DCs pad municipal bankrolls, allowing for greater quality of services and slowed increases to property taxes. Eventually, market catches up and balances.

There's a lot more to it, but that's some of the big factors. We also have offsite levies which act as a revenue generator/expense beyond what is captured by most DC estimates, and to my limited understanding Alberta is unique in having those.
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Yes, I suppose the debate sort of boils down to who we want to pay more for municipal services, existing home owners or new home buyers.

I feel some cities with higher DCs have probably reached the point where this is making housing even more unaffordable for younger people and are yet another barrier to home ownership.

Interesting DC percentages generally seem to correlate with higher prices, with the higher DC percentages on the left also being places with higher housing prices, with some exceptions.

We are way to the right on this chart and also a more affordable city, which is also consistent with this relationship between DC's and housing affordability. This may not capture everything but in general I feel it does.
 
^ assumedly this chart looks substantially worse for Edmonton if you stretched it to start at ~2012 as the baseline
 
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