I normally make this joke about Toronto, but there’s a coterie of individuals in power who insist that rather than market housing, cities should build social housing instead.
And then they don’t build social housing.
I don’t think more private supply would by itself solve the housing crisis, but it sure would help. And frankly I have more than enough experience in my life to narrow my eyes any time anyone insists that they’re not opposed to new housing, no, of course not! they’re just opposed to *this* private housing because the money is just going to go to rich developers and we should totally build 6 units of social housing here instead, sure, absolutely!
Numerous-Bike-4951 on
Enough money is dumped in here, BC housing should check their own accounts for better execution because anyone whos worked with bc housing in the trades knows how much money their dumping down the drains in their builds and renovations .
Theseactuallydo on
Address demand by raising taxes on the rich until they can no longer afford to buy up so much of the available housing as investments, and use the revenue from that to pay for social programs that relieve the cost of living burden on workers so they can afford to save up more to buy a home.
As long as the massive upward wealth transfer continues none of this gets any better.
BuvantduPotatoSpirit on
I looked at the list of „experts“, and they’re largely architects – which, okay, is a novel way to truthfully call them experts in housing while still having them know less than nothing about how to solve the housing crisis.
CaptainPeppa on
Every article that comes out about BC and Ontario housing strategies makes me think the problem is just going to get worse over time.
Like why on earth would you jack up developer fees? Jack up property taxes, give developers bonuses if they actually build something.
They aren’t even saying supply won’t solve the crisis. They are admitting supply won’t increase so this is the next step to reduce the damage
Not-you_but-Me on
Urban planners are not economists. They are entitled to their own opinions but calling them housing experts in this context is dishonest.
mukmuk64 on
The list is a collection of former Vancouver planners that were in charge as prices exploded upward, the persons whose policy direction was responsible for the mess we’re in now.
The hubris and lack of self reflection is incredible.
HarmfuIThoughts on
This article was up in the canada housing sub too, and I’m gonna repeat some of my comments there.
More housing *alone* is not the answer. But the letter writers here believe that supply should entirely be deprioritized as a solution, and at least one of them thinks that supply has no part in the solution at all. This is just bonkers.
The article includes a video debate between professors Condon and Davidoff. Condon is one of the letter signees, and he argues that supply has only ever increased in vancouver, but prices have continued to go up. He thinks we need to completely abandon the idea of growing supply. Davidoff (a proponent of increasing supply) has the obvious counter, which is that demand is growing faster than the supply increase, so of course prices will go up. Condon just ignores this rebuttal, and I’ll assume that this sort of flawed thinking is guiding most of the letter writers here.
Canada has some of the lowest rates of nonmarket housing in the OECD. No question this this is a problem for the country. But to say that creating density, in the form of multiplexes or mid rises around transit hubs, simply encourages reckless market speculation is a daft thing to say. It’s the kind of statement that comes from someone who thinks like Condon does, i.e. no desire to engage with counterarguements in good faith.
doogie1993 on
This is very obviously true. Supply and demand are both integral parts of the equation, and as long as we let real estate investment run rampant the way we have the supply will never outpace the demand. It is pretty much impossible for it to in fact when you have professional landlords owning a bunch of properties and making money hand over fist renting them out. Building more is obviously something that must be done, but it won’t solve the problem on its own.
LazyImmigrant on
I remember reading this name
> Arny Wise, B. Comm., M.Sc., RPP, MCIP (ret), urban planner/ retired developer (President, Synergy Develop., VP Development, Goldfan Holdings), Board of Directors Toronto Economic Development Corporation (1990-1999)
He wrote this gem where he argues the city of Vancouver should have extracted more from the First Nations that is building housing. He is extremely anti-housing. Infact, most of his writings are arguing against building more housing.
10 Kommentare
I normally make this joke about Toronto, but there’s a coterie of individuals in power who insist that rather than market housing, cities should build social housing instead.
And then they don’t build social housing.
I don’t think more private supply would by itself solve the housing crisis, but it sure would help. And frankly I have more than enough experience in my life to narrow my eyes any time anyone insists that they’re not opposed to new housing, no, of course not! they’re just opposed to *this* private housing because the money is just going to go to rich developers and we should totally build 6 units of social housing here instead, sure, absolutely!
Enough money is dumped in here, BC housing should check their own accounts for better execution because anyone whos worked with bc housing in the trades knows how much money their dumping down the drains in their builds and renovations .
Address demand by raising taxes on the rich until they can no longer afford to buy up so much of the available housing as investments, and use the revenue from that to pay for social programs that relieve the cost of living burden on workers so they can afford to save up more to buy a home.
As long as the massive upward wealth transfer continues none of this gets any better.
I looked at the list of „experts“, and they’re largely architects – which, okay, is a novel way to truthfully call them experts in housing while still having them know less than nothing about how to solve the housing crisis.
Every article that comes out about BC and Ontario housing strategies makes me think the problem is just going to get worse over time.
Like why on earth would you jack up developer fees? Jack up property taxes, give developers bonuses if they actually build something.
They aren’t even saying supply won’t solve the crisis. They are admitting supply won’t increase so this is the next step to reduce the damage
Urban planners are not economists. They are entitled to their own opinions but calling them housing experts in this context is dishonest.
The list is a collection of former Vancouver planners that were in charge as prices exploded upward, the persons whose policy direction was responsible for the mess we’re in now.
The hubris and lack of self reflection is incredible.
This article was up in the canada housing sub too, and I’m gonna repeat some of my comments there.
More housing *alone* is not the answer. But the letter writers here believe that supply should entirely be deprioritized as a solution, and at least one of them thinks that supply has no part in the solution at all. This is just bonkers.
The article includes a video debate between professors Condon and Davidoff. Condon is one of the letter signees, and he argues that supply has only ever increased in vancouver, but prices have continued to go up. He thinks we need to completely abandon the idea of growing supply. Davidoff (a proponent of increasing supply) has the obvious counter, which is that demand is growing faster than the supply increase, so of course prices will go up. Condon just ignores this rebuttal, and I’ll assume that this sort of flawed thinking is guiding most of the letter writers here.
Canada has some of the lowest rates of nonmarket housing in the OECD. No question this this is a problem for the country. But to say that creating density, in the form of multiplexes or mid rises around transit hubs, simply encourages reckless market speculation is a daft thing to say. It’s the kind of statement that comes from someone who thinks like Condon does, i.e. no desire to engage with counterarguements in good faith.
This is very obviously true. Supply and demand are both integral parts of the equation, and as long as we let real estate investment run rampant the way we have the supply will never outpace the demand. It is pretty much impossible for it to in fact when you have professional landlords owning a bunch of properties and making money hand over fist renting them out. Building more is obviously something that must be done, but it won’t solve the problem on its own.
I remember reading this name
> Arny Wise, B. Comm., M.Sc., RPP, MCIP (ret), urban planner/ retired developer (President, Synergy Develop., VP Development, Goldfan Holdings), Board of Directors Toronto Economic Development Corporation (1990-1999)
He wrote this gem where he argues the city of Vancouver should have extracted more from the First Nations that is building housing. He is extremely anti-housing. Infact, most of his writings are arguing against building more housing.
https://www.biv.com/news/commentary/arny-wise-city-vancouver-owes-public-answers-over-senakw-deal-8272057