Quote:
Originally Posted by Greetingsfromcanada
BC's core housing need is 1.1 million units by 2030, according to federal CMHC analysis. At like 450,000 per unit, that's like $500 billion. BC simply does not have the capital. The entire federal government probably doesn't for BC alone either. It's just not happening without private development. We don't have the land nor the money provincially
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Private development will take care of building expensive units for those who can afford them. We have seen that is not enough. Only the senior levels of government can provide that type of housing, whether it is using the Vienna model or something else.
The notion that developers will lower their prices if only they could get approvals from municipalities faster is laughably naive.