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Perhaps this sort of sarcastic comment would make sense if we're talking about SF which doesn't build, but we're talking about Vancouver, which actually builds
by Tiktaalik 7y ago
Perhaps this sort of sarcastic comment would make sense if we're talking about SF which doesn't build, but we're talking about Vancouver, which actually builds quite a bit of housing, and is currently building multi-unit housing at unprecedented levels not seen in the last 30 years.
The big problem of course that there are real physical limits to the rate of housing development where people have to touch the process eg. inspections, design, labour limits and so 'just add more supply' isn't really a solution when the limited supply you can build are for-sale condos literally being directly marketed overseas and out of the grasp of locals with mere local incomes (Vancouver has pretty much the lowest median income of major Canadian cities).
- jseliger 7y agoDo you know anything about supply and demand, or Vancouver, at all? Much of the city is still zoned for single-family only: https://www.thestar.com/vancouver/2019/01/01/2019-could-be-the-year-vancouver-gets-rid-of-single-family-zoning.html https://www.thestar.com/vancouver/2019/01/01/2019-could-be-t.... To call this madness is an understatement.
- Tiktaalik 7y agoYeah the remaining single family (actually duplex now) zoning hasn't been a restriction on development. In the last several years the City of Vancouver took significant parcels of that SFH area such as Cambie, Marpole, and Norquay and up zoned it to allow for high rise and mid rise residential. Like I said, Vancouver isn't SF. Even with areas of the city untouched by redevelopment, there's still thousands upon thousands of units in the pipeline being developed in the areas the city has up zoned over the last 10 years. That's just the CoV proper, never mind the huge amounts of development next door in all the surrounding cities. On top of this, Metro Vancouver is still a young enough that there's massive areas of untouched brownfield and greenfield that are being redeveloped as well, such as Jericho, NEFC and the Squamish lands around Vanier Park.