Thursday, November 30, 2017

Vancouver’s “Radical” Housing Plan Makes Waves – Next City

Vancouver’s “Radical” Housing Plan Makes Waves – Next City: "It involves densifying areas that are currently stocked with single-family homes, restricting property ownership by nonpermanent residents and creating zones of rental-only housing."

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Vancouver has a lot of condos as it is, but: "“We’ve had more than enough supply, and yet the housing costs have gone crazy,” the author concluded. (It’s important to make the distinction, however, between housing for sale and housing for rent. Vancouver’s construction boom has been condominium-heavy, and its rental vacancy rate remains among the lowest in the world.)"

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