Daily Archives: September 2, 2018

Vancouver’s high housing growth rate making homes less affordable | Vancouver Sun

Comment from Voices:  We have made this statement previously to Council about our concern that our excess development (exceeding 2041 regional growth targets in 2017) has not and will not result in ‘more affordable housing’. Elizabeth Murphy concurs with us in this article.  As we have stated below, and we note that the reference to Council* is to the votes cast consistently by the 4-3 block: Mussatto, Back, Buchanan and Keating. 

The building boom continues unabated. There seems to be no limit to this Council’s love of high-density high-rise residential development. As we have documented before, the pace of growth in North Van is already far beyond our commitment under the Regional Growth Strategy. Yet Council * routinely overrides the limits of our Official Community Plan, using density bonuses and transfers to allow ever larger and taller developments. 

Quoting from the article in the Vancouver Sun:

The first job of the next city council should be to revisit all the growth plans and reconsider if this is in the public interest. With all the excess zoning capacity the city already has in the system, there is time to plan this more carefully. The problem is that most of the new construction is unaffordable and involves demolishing the older building stock that former occupants could afford but who are then displaced. More new supply is not making things more affordable — quite the opposite. Vancouver is in an affordability crisis of its own making that requires a rethink of current growth with consideration of all the costs and impacts.  Read more:

Source: Vancouver’s high housing growth rate making homes less affordable | Vancouver Sun

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