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Proposed 80-storey building near Lougheed Town Centre passes Burnaby council's 3rd reading (www.burnabynow.com)

submitted 1 year ago by [email protected] to c/[email protected]

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See final paragraph - set to be the tallest building in Western Canada. The article focuses on the 14 stories of underground parking that will be included, which does seem excessive given that the SkyTrain is literally across the street.

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[–] [email protected] 2 points 1 year ago

Absolutely - I think there's some real estate mantra about how land is the only thing they're not making more of. Using 18 sq m of it for possibly storing one vehicle is a heck of a waste. I saw some stat that there's apparently 8 parking spaces per vehicle in the US - they need one at home, one at work, one at every mall that you might want to visit. So that's 144 sq m of asphalt for storing each car.

True re condo prices... it might work if there was competition and sufficient supply... but we all know that's not the case.