Quote:
Originally Posted by bizaro86
Yeah, the way to fix Vancouver housing affordability isn't to give everyone who lives there a bunch of money. They need to upzone Vancouver for higher density, and convert some agricultural reserve to housing on the fringe of the metro area.
|
Zoning and limited permitting is definitely playing a massive role in Vancouver. I find the debate on the issue mind numbing, with most people taking a position on either the "supply" or the "demand" side. In reality, it's clearly both supply and demand that dictate a market.
The other issue with Vancouver is that most people who are already established there want to preserve the suburban nature of the city. They love their detached homes and don't want to see densification. They've also become multi-millionaires from the current status quo. They don't want to give up their future "earnings".