Affordable housing in Victoria
Posted 26 October 2006 - 02:35 PM
I don't think the preservation of old town is going to create less affordable housing but continuing to use old town to stymy projects outside that area does.
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Posted 26 October 2006 - 02:46 PM
Fill in the empty lots and maybe a few "questionable" buildings in other core areas first.
But our mods will be close to stamping this discussion with an "Off-Topic!", so I digress.
Always the trouble with more affordable housing is how to house families. This is why I've always believed there should be more "family oriented" condo units as well - lots of 3 bedroom units, (which is rare in condos) and connect the building sometimes with small outdoor parklike areas - with playgrounds etc.
I also think that it's very important to always mix people with differing income brackets within a building, within each floor. Have a wide range of condos types within one building. Force people to interact accross the class line. That is how barriers dissapear - physical interaction.
Posted 26 October 2006 - 04:20 PM
Constricting supply raises prices.
Wasn't there an article a while back about how increasing condo supply on Vancouver's downtown peninsula was only boosting prices even higher?
Methinks we're oversimplifying the economics on this issue.
The more people you put downtown, the more people will want to live downtown. Downtown's growing popularity is the wild card that mucks up the economics. There's no way an area will become cheaper as it also becomes more popular.
So do you try to build more units downtown in such a way that you don't also increase the appeal of living downtown? (For example, do you deliberately build ugly buildings?)
Or do you artificially skew the prices of a small selection of units in order to keep the average price down?
Or do you do something else?
Posted 26 October 2006 - 04:33 PM
If so, what's to stop somebody from snatching up several of the cheap units as an alternative to buying a single expensive unit in the luxury building?
Posted 26 October 2006 - 04:50 PM
Posted 26 October 2006 - 05:03 PM
In an interview with the Times-Colonist today, I told the reporter that in addition to non-market social housing, the best way to create affordable housing is to increase the overall stock, freeing up space in existing older condos downtown like the Manhattan and Metropolitan which are now somewhat less desirable than the new projects like Astoria and Belvedere.
The large amount of luxury housing being built causes some concern, but I think we'll soon see developers recognizing a market for lower end condos that is waiting to be filled.
"[Randall's] aesthetic poll was more accurate than his political acumen"
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Posted 26 October 2006 - 05:26 PM
Maybe one of the reasons downtown Vancouver is so popular, is because Vancouver hasn't increased the supply of popular areas within Vancouver. Seems like all the nice development has happened downtown, but an area like Fraser & 49th doesn't look much different today than it did 20 years ago, so it's no competition for downtown.
Maybe when a city focuses all the nice new development in one area of the city, that area ends up disproportionately expensive compared to other areas partly because that area has no competition?
Posted 26 October 2006 - 05:36 PM
Vancouver has plenty of areas that are densifying outside of downtown, both within the City of Van and other munis (especially nodes around Skytrain stations).
In Victoria the same is true. Look at the amount of units going up in Vic West or even Gorge (Selkirk Waterfront). Even James Bay has had several large projects go up over the last bit including several projects coming down the pipes.
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Posted 26 October 2006 - 05:55 PM
^ What about Kitsilano, Kerrisdale, SW Marine, Commercial. I don't think a competing cool area will lower prices. But I guess you never know.
Not one of those is a new cool area though
I didn't say there were no other popular areas in Vancouver, I said they haven't really increased the supply of popular areas.
Posted 26 October 2006 - 05:58 PM
Posted 26 October 2006 - 06:03 PM
But you guys are forgetting one thing. The supply of the materials reflects a significant proportion of the end price of a new condo's these days.
I don't think anyone's forgetting that. It's just not really worth mentioning since it's not within our control to influence the supply of glass and cement.
We can (sort of) influence the height of buildings by communicating with city councillors.
Posted 26 October 2006 - 06:11 PM
It's something to think about, that's all.
Posted 26 October 2006 - 06:19 PM
What I was saying was that increasing the supply of condos increases the demand for materials.
It's something to think about, that's all.
Yeah, but what's the alternative? Not building anything?
That cure is worse than the disease.
Posted 26 October 2006 - 06:22 PM
I was making our little project more difficult.
Posted 26 October 2006 - 08:46 PM
Posted 26 October 2006 - 09:57 PM
Posted 26 October 2006 - 10:03 PM
A functioning city, with lots of jobs and vibrancy allows people to afford better homes, because wages go up.
Posted 26 October 2006 - 10:04 PM
-City of Victoria website, 2009
Posted 26 October 2006 - 10:08 PM
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