Vancouver is in a ‘full-blown crisis’ for housing affordability: Report
Vancouver is in a ‘full-blown crisis’ for housing affordability: Report
"It is becoming more and more difficult with first-time homebuyers as prices rise here in Vancouver," realtor Mike Stewart told Global News.
Single Unit housing should be purchasable in personal name only.
Also why the fuck are foreign companies allowed to buy housing?
It was a crisis a decade 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.
It is a tragedy not a crisis as Vancouver, BC and Canada could easily solve it by building a lot more homes, some public.
- 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.
The provincial should implement a one house/apartment for each family. Then those who own more than 3 should be forced to sell.
......"news".....
Really? This is news? No fucking shit