Density and Affordabilty in Vancouver Real Estate
Vancouver Sun writer Frances Bula has a blog called City States and on Tuesday she posted a post regarding the City's Ecodensity program and it's effect on Vancouver real estate prices. Most of the post is actually the transcript of a speech given be Vancouver housing-centre director Cameron Gray. The transcript was unfortunately copy-and-pasted from another program or website and the result is not pretty and actually loses some of the text.
He makes a quite good argument against density (ie. supply) creating demand and it's effect on affordability. My favourite line from this was one that he credits to a formers colleague:
“not all dense housing is affordable, but all affordable housing is dense”
What do you think?
Matthew Collinge: Vancouver REALTOR®
