Short-term thinking by previous governments has led to untenable conditions, Furstenau says
The financialization and commodification of housing is largely to blame for the affordability crisis, says BC Green Party Leader Sonia Furstenau.
“We have allowed a for-profit industry that financializes housing to create the conditions here in B.C. where more and more people can’t afford to live here and are leaving,” she said. The average asking rent for all property types in Canada increased 21.8 per cent from $1,788 in December 2021 to $2,178 in December 2023, according to Rentals.ca and real estate services firm Urbanation Inc. Statistics Canada says the median total income in British Columbia in 2022, the latest year available, was $43,170.
Citing examples of successful housing initiatives in other jurisdictions including Paris, Vienna and Singapore, the Green Party leader said lively communities and a thriving economy require affordability.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
It's not about power, but responsibility: B.C. Green Leader FurstenauProvincial leader not expecting to form government but to affect change
Read more »
FLOKI’s price cedes its short-term gains after short-selling spreeFLOKI bulls were unable to scale the $0.00018 resistance zone and the recent selling activity undid all the metrics' growth...
Read more »
BC Green Party reveals second Burnaby candidateCarrie McLaren has secured the nomination for Burnaby South-Metrotown.
Read more »
Harris Skips Over Climate Change Even as Party Touts Green Wins(Bloomberg) -- Among the Democrats touting the party’s record confronting climate change at their Chicago convention, there was a major exception: Vice...
Read more »
B.C. Greens make election pledge for free transit, doubling of bus numbersB.C. Green Party Leader Sonia Furstenau says cuts to subsidies the province gives to oil and gas industry could help fund free public transit
Read more »
B.C. Greens make election pledge for free transit, doubling of bus numbersB.C. Green Party Leader Sonia Furstenau has announced an election policy to make all public transit in the province free.
Read more »