Vancouver is in a ‘full-blown crisis’ for housing affordability: Report | Globalnews.ca
globalnews.ca
"It is becoming more and more difficult with first-time homebuyers as prices rise here in Vancouver," realtor Mike Stewart told Global News.
  • ArgentRaven@lemmy.world
    161·
    9 months ago

    What it doesn’t say is: who IS buying these homes? Someone has to, it else they’d stay vacant until the prices dropped. Why don’t they say?

          • Nogami@lemmy.world
            2·
            9 months ago

            What makes you think the government has the slightest interest in building any social housing, much less lots of it? What’s the net positive for them?

            Just remember that every home and land owner will instantly vote out any government that messes with their nest egg’s value.

            You could try and argue there’s more people who want cheap housing than those who already have it but it’s nowhere near enough to keep a government elected.

              • Nogami@lemmy.world
                1·
                9 months ago

                Society won’t collapse but people are gonna need to get used to living in small places. 1200-1400sqft for 2 people will be a luxury in a big city.

                Single detached? Forget it.

          • Nogami@lemmy.world
            21·
            9 months ago

            Built by who, and on what cheap land? It’s not going to be the government, any government even trying that will be voted out instantly so it will never happen because there’s no money for it.

            Any private developers will be seeing it as a money making opportunity and price it accordingly.

  • moistclump@lemmy.world
    10·
    9 months ago

    BC, Vancouver’s province, has legislated the end of single family zoning as of summer this year. Vancouver specifically is allowing up to, if I recall correctly, 6 units per lot. BC is also giving a forgivable loan to homeowners to build additional units/housing on their lots.

    I think it’s a positive step, and aggressive as far as housing policy goes. The local governments are scrambling around infrastructure, transit, and parking issues.

    Maybe if they’d started addressing it 10 years ago though it wouldn’t be such a scramble.

    • Croquette@sh.itjust.works
      12·
      9 months ago
      • Ban corporate ownership of single family home and plexes. If they want to rent something out, they can buy/build appartment complexes. If a corporation is found to dodge the ban through a citizen proxy, crackdown hard. After multiple infractions, seize the home.
      • Change zoning laws to allow denser housing.
      • Crackdown hard on short term rental.
      • Build more public housing. Simple, clean and basic housing.