All in Lifestyle

Which candidates for Vancouver Mayor are most likely to solve housing

Vancouver is in a terrible housing crisis and it’s tearing the city apart pitting neighbour against neighbour, and parents against their kids.

Most candidates for mayor promise bold new measures to build more of the “right kind of housing” but each of them has different ideas about the definition of “right kind of housing”. In this article we dig into their proposals and promises and help you compare them objectively.

Ask for Urban Family Districts

The City of Vancouver recently announced the beginning of 18 months of consultation that will result in a “Making Room” rezoning which is intended to find neighbourhoods to add more duplexes and laneway homes. Making room implies, there isn’t room already and this is far from the truth. Vancouver has loads of space, but it is poorly used. Vancouver’s land use has barely changed since we paved over the orchards and farms to build suburbs south of the downtown core after WWI. Rather than just “Making Room”, it’s time for Vancouver to evolve from Citified Suburbia with families stuffed in laneway houses and basement suites to a network of purposefully designed “Urban Family Districts”.

Surrey Real Estate Update

This real estate update is focused on the City of Surrey. Real estate is local and even though Vancouver and Toronto are in the news that doesn’t help people living in sub-markets like Surrey. The fact that luxury downtown condos aren’t selling as quickly doesn’t have much bearing on Surrey.

Metro Vancouver housing supply crisis is much worse than we originally thought.

By 2020 Metro Vancouver housing stock will be short by 47,000 homes! The housing supply problem is bad, it’s real, and will get worse.

We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability.  Many will have heard the opposing argument that the supply problem is a “myth”. However, our analysis at Mortgage Sandbox shows that the supply problem is real and could be worse than any of us imagined.

We need to settle this once and for all, so that government can act quickly to solve the housing crisis.