Building towers-and-skytrain has landed Vancouver in a housing affordability crisis with prices 12x above median household incomes
STORMTROOPERS (Bloomberg Photo)
UPDATE 15 SEPTEMBER: Political turmoil engulfing this global financial center showed no signs of abating as tens of thousands of pro-democracy demonstrators marched Sunday in defiance of a police ban, with many venting their anger at Beijing just two weeks before China celebrates the 70th anniversary of the People’s Republic.
28 July 2019—China’s woes multiply as demonstrations in the streets of the Hong Kong ‘special zone’ continue for 8 weeks in a row. In the former British Colony residents have grown uneasy that the Communist government in Beijing will reneg on their promises of freedom and human rights for Hong Kong citizens.
AUGUST 2019 HONG KONG AIRPORT SWARMED BY DEMONSTRATORS. Photographer: Kyle Lam/Bloomberg
In what began as demonstrations to stop an extradition bill, concerns have now seen as engulfing the core ‘one country, two systems’ rule that will see Hong Kong joining China in 2047 without ‘special concessions.’ People of Hong Kong have taken to the streets to protest the sky-high housing prices and to make a show for free & elected government.
With house prices hovering 13x over median household incomes in Vancouver, what do Modern Tram systems offer that Skytrain cannot deliver? In just two words—Affordable Housing!!
ALSTOM HYDROGEN FUEL CELL POWERED TRAIN
In a report (see page 12 in the linked agenda document) presented at Translink Mayors Council, June 2019, Translink summarily rejected the South Fraser Community Rail’s carefully wrought proposal for returning Interurban passenger service to the Fraser Valley. The report sees it as:
One of many ideas that will be included as part of Transport 2050 [review].
It is high time all levels of government acted in concert to protect land values for all Canadians.
BC Finance Minister Carole James and Attorney General David Eby announce government action against money laundering [CBC News photo]
Releasing a government report that states that over CAD $7.4 Billion in money laundering is expected to have taken place in BC last year, the Attorney General and the Finance Minster made news yesterday with their revelation of illegal monetary practices going unchecked in the province. Yet, they failed to announce a solution to runaway housing prices in British Columbia. With two-thirds or $5 Billion of the illicit cash changing hands in real estate, the report estimates the illegal transactions drove BC housing prices up 5% province wide.
Continue reading “The Whack-A-Mole Money Laundering Game and the Housing Crisis”
The right way to stop the UBC subway from being built is to demand governments act to end the Housing Crisis.
UBC TODAY | UBC + SUBWAY (LNV Webbimage, 2019)
Fifty-two years ago Council Meetings in Vancouver were loud and raucous affairs as people poured into Council Chamber to protest building a Freeway tearing into the heart of the city. Fifty-two years later a new fight is brewing. The city that once opposed a freeway must rise up to reject the UBC subway. The people must demand that politicians—up and down the Fraser Valley—fold transportation infrastructure spending into a plan to end the Housing Crisis.
Continue reading “The Vancouver Subway Fight and the Housing Crisis”
We have grown accustomed to seeing Skytrain blight the places it crosses. It is time to turn it around. Transit implementation should trigger street beautification, neighbourhood revitalization and—yes—affordable houses.
Translink CEO Kevin Desmond [photo Paul McGrath, North Shore News]
Reported this week, Translink is pitching a B-Line for the North Shore linking Park Royal shopping centre near the Lions Gate Bridge with the Phibbs bus exchange near the Iron Workers Memorial Bridge (at Second Narrows). Our analysis points to this service is a key component of a Total Transit Network (TTN) for the Lower Mainland, and a critical element in a Regional Strategy to end the Housing Crisis.
A coordinated approach for bringing housing prices back on par with median household incomes; ending atmospheric pollution; and revitalizing our industry and economy.
MODERN TRAM BROADWAY & MAIN, VANCOUVER (LNV Webbimage, 2018)
