Quote:
Originally Posted by Caliplanner1
ACT7, commute time becomes relevant to the discussion at hand if research suggests that higher housing prices in Vancouver serves to force increasing numbers of low income Vancouverites further away from the city and into distant suburbs (e.g. Mission/Hope/Chilliwack etc.) for more affordable housing, thus driving them to commute (pun intended) longer distances by automobile (in large numbers on crowded highways) to job sites in Vancouver (given inadequate mass transit options)!
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I think it provide a good argument for why housing stock in Vancouver should be more expensive that Burnaby, and other areas to the east of vancouver.
People tend to put a premium on their time. The longer the commute the less desirable the location, the shorter the commute time the more desirable.
The strategy of regional town centers and having the CDB spread around lower mainland should help even out the housing prices.
Getting rid of high restrictions on buildings and zoning in Vancouver to permit more density and increased supply of apartment buildings and townhomes will also help.