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Rod's avatar

Well written, Brian.

One idea for the mix: I read of a scheme in Europe where owner-occupied homes are built on leased land. The cost of the land (which in Vancouver is possibly worth more than the building) is not included in the drastically reduced mortgage payment. The land belongs to equity funds and various tax incentives (such as deductions for depreciation) make it worth their participation.

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Don Nathan's avatar

I agree completely. Especially the assertion that more building does not mean lower prices. We have a reversed supply-demand equation it would seem. Build more supply, and suddenly you have prices going up! Well, as you said, who knows why that is, but it reminds me of the observation that when they widen and improve roads, the traffic may go faster but at the same time more cars appear as if by magic and the net result is no better and often worse. Here in Victoria there are high rises going up like mad, and nothing in those is cheap or affordable from what I see.

My public landlord here is planning to evict the families form our 14 unit townhouse complex (in a suburb) so they can put up two 6 storey towers. So much for the vaunted missing middle. Authorities love to cherry pick rationalizations for whatever it is they decide to do. Then, as you point out too, they are planning for the new buildings to be net-zero. Well, aren't they heroic. Building these affordable and net-zero energy apartments however, also requires the demolition of a whole lot of perfectly sound houses that are already affordable. Where does that carbon cost and long term life-cycle cost come in to this equation? Nowhere it seems. How convenient is that?

Our street is full of single family homes, a number of them with suites. We are between two nature parks as well, which makes the whole proposal an extreme example of inappropriate scale, massing, density, and an environmental insult to that and the neighbourhood. All this is justified by the fact that the main road at which we live has been designated as a density corridor. In a suburb, this is absurd. This is not an urban environment with all that that would entail.

Nobody here in these parts is without a vehicle. But the planners talk about walk able cities as if simply by building dense apartment blocks we will suddenly have the lifestyle of the Viennese or some such fantasy dream city. On it goes.

One solution is to make suites allowable everywhere. This should have been done decades ago, but in those days the planners and Councils were generally dead against it, because it would cheapen the neighbourhoods, I presume. Failure to allow densities to increase gradually have come back to haunt us. Now we have the province dictating laws that local governments used to be responsible for.

However, forcibly rezoning SF lots into 4 units is not an easy thing to achieve on the ground. It involves builders, plans, permits and so forth, a process that is far more complex than most home owners can undertake. Once again, over-reaction to compensate for previous bad plans. As you say on your first point, it all revolves around land costs. Land went up much faster than the cost of building here. We can build better and more efficiently, but if land remains unaffordable, then so will the buildings on that land be unaffordable.

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