Is Vancouver Really Serious About Affordable Housing?
You can't listen to talk radio or watch the local news without some Vancouver city councillor bemoaning the fact that housing in this city is unaffordable and the need to build more affordable housing. Well I have a great idea for you! Stop imposing huge fees on developers (some of the highest in N. America) because NEWS FLASH all they do is pass it onto the home buyer. Here's a shocking statistic for you - to build an 800 sq ft condo in Vancouver, City Hall adds close to $75,000 in development costs, environmental requirements and other fees that it charges the developer before he even puts a shovel in the ground. So please stop with the rhetoric, if you really wanted to help people get a toe-hold into the housing market you would stop imposing those astronomical fees on the developers and condo buyers. By the way, the cost to build the same condo in Surrey is only $11,000.
This entry was posted on July 1st, 2013 by Owen Bigland | Posted in Video Blog