Posted Feb 13, 2016, 10:16 PM
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dazzle me
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Join Date: Jan 2014
Location: 94109
Posts: 824
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^ the reason that the family units haven't been big in vancouver is that before the chinese brokers set up what's basically a chinese futures market on canadian real estate, the assumption was that people would move into the single family homes. since the chinese have taken bid that option off the table, vancouver is facing a catastrophic affordability problem.
if the government refuses to put restrictions on foreign in canadian real estate, then cities should get creative. my preference is for vancouver to rezone some of these single family home neighborhoods to mid-rise or high-rise. this would take pressure off land prices in areas already zoned for height, gradually drive down prices in some of these neighborhoods (who wants a 5 bedroom home next to an 10 story/100 unit residential tower?) and bring more units to the market. in a way, it's sort of obvious.
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