Simple Math: Elizabeth Murphy Responds

Following Elizabeth Murphy’s reasoning for the Regional Growth Strategy starting from the base number in 2006, the overbuilding in the City of North Van is even more concerning. Our calculations started from the numbers in 2011 (census), not 2006. So we have far exceeded the growth targets for 2041. Our submission to Council in March is here: https://nvcityvoices.wordpress.com/2015/03/04/ocp-public-hearing-citizens-deserve-better/

Price Tags

Elizabeth Murphy, quoted in a Daily Durning post on population growth in Metro, responded in the comments to the post.  It’s worth bringing to the foreground:

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Thank you for the opportunity to respond to Tom Durning’s newsletter.

I would agree with him that affordability is a huge concern, especially in the City of Vancouver. However, the solution to this problem is not clear cut. Unfortunately many of the well meaning actions taken by the city in the name of affordability are in fact having the opposite effect.

The most affordable housing, both for renters and owners, is the older building stock. If this stock is demolished and replaced with new more expensive housing, it displaces people. This is having a role in the increase of homelessness even though so much new supply has been created.

It is critical to not just increase supply, but to do so strategically and…

View original post 718 more words

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One response to “Simple Math: Elizabeth Murphy Responds

  1. northvancityvoices

    Received from John Watson: referring to the Elizabeth Murphy Response:
    One likely explanation for the overly high number of dwelling units projected by Vancouver (and North Vancouver) is that the strategy is to drive down prices by vastly increasing the supply of units. The flaw in this strategy is the economic ruin it likely inflicts on existing owners of dwelling units. (We saw this issue mentioned during the recent civic election in North Vancouver, when figures emerged claiming a drop in condo re-sale values because of a glut of condos in the market.) Does this mean the elected officials driving this strategy are prepared to sacrifice existing owners for the benefit of their target audience: the poor and other lower income groups?

    That strategy appears to fit well with the ideology of some of the members of the existing ruling council cliques in Vancouver and North Vancouver.

    John

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