Ok, well maybe this year we finally see a downturn for real, there were dips during covid as well, but in general there was still growth, and growth being expected. I would welcome it, that would be great!
But when a developer in my neighbourhood develops new housing, on a previously industrial barren area, they need to build parking space for their expected demand, because there is no space for cars left elsewhere, and people buying appartments usually do have (money for) cars. The fact that there is now a free parking lot wherever the people who move here moved away from, does not help the situation here.
I would guess that the rate right where i live would end up at around 0.6 slots per appartment (including appartments for families with 2-3 kids), as a regulatory requirement. To me this seems to be reasonable regulation, although it is most likely too low for the actual demand, at least if the appartments are being sold. Of course it will be underound parking in a dense area like this.
Yeah, no, as I read it, you do have some kind of parking minimum regulations, not just recommendations, developers are not free to do whatever they please.