Quote:
Originally Posted by CliffFletcher
Bulldozing all the detached homes in Vancouver and turning then into condos will just drive more families out of the city and drive up prices in the suburbs. There are only so many 25-35 year old singles and childless couples looking to buy 760 sq ft homes.
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No one is saying you have to go to that large of an extreme. If there were more townhouses available then the price would drop, and the same would apply to condos. It's also not just detached homes that could be torn down, it's also industrial and commercial space. For example, there's entire blocks along terminal that are empty.
A lot this "detached housing" is also in a state of total decay. These places don't have families living in them. Most are sub-obtimized and, if rented at all, to single people without families. A massive proportion of the detached houses in Vancouver are total tear downs. A large proportion are then slums that absentee landlords won't put a dime into.