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Stories Tagged - car less

Canada Mortgage and Housing Corp. regional economist Lai Sing Louie said many Calgary homeowners still want the freedom to come and go with a car at their disposal, and they’re willing to pay for it. Photo by Wil Andruschak/For CREB®Now
News

June 30, 2016 | Joel Schlesinger

Long live the auto

The car-less lifestyle is trending, but Calgary's housing market still driven by the automobile, say experts

Cars aren't going anywhere soon, and neither is Calgary homebuyers' desire for neighbourhoods – or condominiums for that matter – that support their automobile-driven lifestyles, say housing experts.

While much is being made about efforts to create a more pedestrian-friendly city that focuses on "vertical growth," Calgarians still very much enjoy the freedom that comes with driving an automobile. And they
want their residence — whether it's a condo, townhome or single-detached house — to support their yen for putting the pedal to the metal, said Canada Mortgage and Housing Corp. (CMHC) regional economist Lai Sing Louie.

"Most people still want parking," he said. "They want the freedom to come and go with a car at their disposal, and they're willing to pay a lot of money to afford that."


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