How the city’s housing has become so unattainable for local income earners is a constant debate. The authors behind three new books have their own theories
How the city’s housing has become so unattainable for local income earners is a constant debate, as is how to fix it. The authors behind three new books, released in time for the summer reading season, have their own theories.A recent report ranks Vancouver as the world’s third most “impossibly unaffordable” city, behind Hong Kong and Sydney. The American firm Demographia has been doing this ranking for 20 years and Vancouver has consistently made the top three.
“And secondly, it’s this planning dogma, that in order to make our city grow, we upzone property. So you have to build 12, 20, 30-storeys here, and all it does is cause land assembly and speculation.”Prof. Condon sees high urban land value as the underlying culprit, a fact that has increased the equity of homeowners, who represent around 65 per cent of Canadians.
Mr. Craigie was surprised by the progress the French government has made in the Paris region, where policy makers embarked on a great deal of intervention. As the result, the billionaire owner of a luxury department store had to build 96 units of affordable housing on the top floors of his newly renovated store. Mr. Craigie interviewed a nursing assistant who had been living in public housing before landing a new, 860 square-foot apartment for her family, with spectacular views.
They retrofitted and repurposed barracks, offices, warehouses, parkades – not just for housing but for transit. Vancouver’s Empire Landmark Hotel tower, on Robson Street, was only 43 years old when it was demolished five years ago to make way for a new tower – because of high land values.
Vancouver Real Estate Real Estate Noastack Land Vancouver Housing Book City Cent Vancouver Density James Taylor University Of British Columbia CBC
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