VANCOUVER—As the city continues to struggle with housing affordability, the latest report on urban development says that more density — if done right — could lead to greater returns on investment for developers.
But one real estate expert from the University of British Columbia says attracting more investors is of little benefit if local residents can’t afford to live in the city.
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The Urban Land Institute, a real estate think tank, released a report Monday suggesting there is a positive correlation between what it calls “good density” and benefits for urban residents, governments, and investors.
“One of the positive outcomes might be higher and more stable returns on real estate investment, thereby providing an incentive for property developers and owners to work with governments and other urban stakeholders towards a shared vision for a city,” the report reads.