Thursday, November 17, 2011
Affordable housing is the most important issue
I think the number one issue is affordable housing. With huge Chinese demand, large numbers of Chinese people with lots of money. Supply is not keeping up with this massive demand. So there is a shift in the demand curve to the right. With high demand at every price level. So with high demand, limited supply, price jumps sky high. Foreign investment and Chinese demand here locally driving price of housing out of reach for lots of people. So that this generation of young people will have to move to Prince George or Chilliwack in order to afford a house. This issue is not being addressed by the current mayors or council members except for one. Are big buck developers being given priority here in North Van city so that high density becomes too high. They should restrict 25 tower buildings to the Lonsdale corridor.With increasing population high density is inevitable but, it should be done at a reasonable pace. So in conclusion growth with reason.