The Town of Stratford in Prince Edward Island, Canada, has received $1.1M, funded by the Canada Mortgage and Housing Corporation (CMHC) to take part in the Housing Supply Challenge (HSC). The goal of this project is to find innovative solutions to barriers around new housing supply.
Did you know, the Town of Stratford is anticipating needing 4,000 more housing units by 2041 in order to keep up with population demand? The reality is, change is needed to ensure everyone in the community has a safe place to call home.
More housing density in a community has many benefits including…
- Seniors can stay in their own community near friends and family
- More job opportunities within the Town
- More affordability
- Young people can remain in the community
- Positive environmental impacts including less roads and sewer and water infrastructure, the opportunity for shared green spaces, and economies that come with building closer together.
- More transportation options including additional transit, active transportation and other networks that rely less in the need for everyone to have a car.
What value does higher density bring to a small town? Wouldn’t it just create more traffic and congestion?
Thank you for your question, Cindy.
Higher-density housing options can actually reduce traffic, especially with higher public transportation available. In addition, it can increase surrounding property values, attract businesses and employers and can reduce overall energy consumption!
What is the difference between low density and high density?
Thank you for reaching out. Low-density housing refers to residential areas occupied primarily by single-family homes or buildings that have a small number of units (i.e., semi-detached units, row houses, etc.).
High-density areas are typically urban areas with buildings that have a large number of units (i.e., high-rise apartment buildings).