I read the above article earlier........ as noted by
@just east of the creek much of it covers familiar territory. And most of the info would not be new to UT members.
That said, I did like this graphic:
When I look at the above, I note that we've already addressed the parking question here in Toronto. The savings of going to a European style elevator is actually pretty small (this is per unit in a 70 unit concept), so its not nothing by any means, but in terms of impact on price or rent, by itself its quite small.
The payments terms on DCs aren't that big a deal either; though let's acknowledge that little things add up.
But what stands out to me here is the cost of amenities. Most buildings get a crummy pool that's an oversized bath tub.......a gym you would never pay a membership for, and a party room you will likely never host a party in...
I would much rather rather strip those out as requirements, allowing builders to add them if they think it will appeal to their prospective renter/owner.
At a savings of ~$30,000 per unit, its one of the more significant changes that could be made that's entirely within the purview of the City, and in theory, if passed on as savings, is what it is in terms of purchase price, and in terms of rent, its likely an easy savings of $100, maybe twice that..........because its not just the waiver of the one-time capital cost to build said space, or even the savings of not maintaining/operating it, its the additional rental income (or sales) you can generate putting that space back into more or larger units.
I would also contend that:
a) If the space went to larger units, tenants would be less likely to need a party room.
b) Its socially preferable to encourage people go outside their building and socialize with others in parks, public squares, at restos, or community centres etc.