Why Real Estate Developers Are Ignoring the Middle Class | The Tyee

Comment from Voices:  We have been watching with increasing dismay as the overbuilding continues in the City of North Van.  We are watching new buildings being constructed with starting prices for one bedroom units in excess of $600,000 (Kindred $649+).  We are watching sales being announced in new buildings when the projects have not yet had a public hearinghttps://www.buzzbuzzhome.com/ca/canada/cities/bc-north-vancouver-new-homes.

In the meantime, we note that there have been six Council meetings in 2017 to date – total time for six meetings has been less than 9 hours!  Is it too late for Council to meet with residents in a Town Hall setting to ask residents if they’re happy with this direction?
.

The following article was published in The Tyee today and quoting in part: ‘But many of the experts quoted in the report spoke candidly about the industry. Some of them are concerned about the direction it’s heading. “We’re not paying enough attention to affordable housing, and I don’t mean low-income or government-subsidized. Just regular rents. No new buildings are providing that kind of product,” said one CEO. “Time will tell if that’s going to come back to haunt us. Not everybody makes $75,000 to $100,000 a year.”’

Source: Why Real Estate Developers Are Ignoring the Middle Class | The Tyee.

Kerry Morris has written to the Mayor and Council expressing his concerns:  Kerry Morris opinion on Tyee article  Quoting in part: ‘

When Darrell Mussatto began as Mayor, the City of North Vancouver was still an affordable place to live. There existed an abundance of large liveable well maintained apartment buildings providing nice accommodation for the more than 50% of City residents who live in our community but do not own a home.

We also note this letter to the Editor, North Shore News today:

Dear Editor:

Recent letters to the editor have prompted me to write.

We have been extremely wasteful with our land, a precious commodity that we buy and sell. However, when it becomes in short supply, we cannot manufacture any more. When a commodity that is in great demand becomes scarce and hard to get, the price skyrockets – a situation we now find ourselves in.

The North Shore has arrived at a point where it is necessary to accommodate a different style of building and people must open their minds to change, as our community planners wrestle with the necessity of smaller footprints, which mean building up in our core centres and with more creative infill in our surrounding neighbourhoods.

It is also time to take a break from the building of high-end market homes and concentrate on building housing for those who live, work and serve our North Shore.

These are the people who give life and vibrancy and caring to a community, the average and low income earning people. They form a large section of the North Shore and certainly deserve the dignity and security of a home, be it rental or freehold, without having to fight tooth and nail to get their homes built in the neighbourhoods they serve and protect.

The North Shore has always been home to people from all walks of life, all levels of income and all forms of expertise. Let’s keep it that way.

Maureen Bragg
North Vancouver

– See more at: http://www.nsnews.com/opinion/letters/letter-housing-should-serve-the-needs-of-those-who-live-here-1.12483976#sthash.kGLXXNsG.dpuf

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s