Quote:
Originally Posted by Winsor_Pilates
This has changed but too slowly.
Almost all single family lots are zoned for duplexes.
A large portion of lots around Cambie & other areas like Norquay Village are zoned for townhouse or multifamily now.
Now the city is looking at allowing 6plexes on many single family lots.
The problem is these missing middle properties were neglected too long and now even they are undersupplied and extremely expensive due to the land values & construction costs needed to create them.
Vancouver essentially needs to artificially create a massive oversupply if they actually want to bring prices down. I don't see any way that's possible now.
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Due to decades of feet dragging and the hyper-NIMBY anti-density proponents, we are now at the point it would literally take building tens of thousands of townhouses in Vancouver to satisfy demand.
I don't see that happening anytime soon either.