The cofounder of Small Housing B.C. says city staff and politicians across Metro Vancouver need to be far more open to allowing a greater diversity of homes.
The B.C. Real Estate Association's chief economist has cited erosion in affordability and purchasing power, as well as rising interest rates, as factors behind the slowdown.
Construction is scheduled to start for the Broadway subway in 2020, and there is a growing interest in what the extension of SkyTrain’s Millennium Line could mean to one of Vancouver’s oldest neighbourhoods.
Finance Minister Carole James has imposed a surcharge on homes valued at more than $3 million, which will likely have a big effect on tenants renting houses owned by small-time landlords.
Land-value capture, rent freeze, and 50 percent below-market units in multi-family projects are just three of the new ideas being brought forward in the Vancouver election.
He also believes that there's a lot of support in the community for a project to redevelop the Kettle Society premises near the corner of Commercial Drive and Venables Street.
