Quote:
Originally Posted by whatnext
Because overbuilding destroys affordable housing. Look what is happening in the West End. The prices or even rents on those new buildings will never be slashed to the levels that those rather dreary but functional walk-ups offered. If a developer sees an opening to create a new building and offer it offshore for more money they'll take it.
Andy Yan is one of the most reasonable urbanists around and I think his comment in the article I quoted is spot on: citizens have a right to know how the city arrived at its numbers.
|
This seems like a false dichotomy, there's plenty of room to build new housing without touching existing housing (ie. 60% of Vancouver zoned for SFH) but the COV has decided that essentially the only place to build new rental is on top of older rental.