Mindblown: a blog about philosophy.
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Construction starts on long-awaited Burnaby affordable rental development
Construction has begun on a non-market rental housing project at 3838 Hastings St. in Burnaby, expected to be completed in 2026. The development will feature 161 apartments, including studios and one- to three-bedroom units, along with a 74-space child-care center operated by the YMCA. Approximately 70% of the units will be affordable for low-income households.…
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Burnaby gets a failing grade on transit-oriented housing
Goodman Commercial Inc. has given Burnaby an F for its refusal to comply with new provincial housing legislation, raising concerns among developers about housing projects in the city. While Burnaby approved other housing changes, it has resisted participating in the provincial plan. The report highlights a significant increase in development costs, with new apartments now…
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Vancouver Rentals Still Most Expensive in Canada
Vancouver and Burnaby remain the priciest rental markets in Canada despite year-over-year declines.Vancouver's one-bedroom rentals dropped 7.7%, and two-bedrooms fell 5.6% year-over-year.
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Vancouver: What’s Driving the Prices Up?
Land Speculation: Global investors and speculators drive up land prices, making housing less affordable. Limited Supply: Restricted land availability and zoning regulations constrain housing supply, pushing prices higher.
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Housing construction slowdown hitting Vancouver
Housing construction in the Vancouver area has significantly declined, with a 15% drop in new housing starts in July 2024 compared to the previous year. Factors such as high interest rates, rising construction costs, and permitting delays are hindering development, despite government efforts to increase housing supply. Predictions indicate further declines in housing starts, with…
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What Vancouver’s empty home tax really means for Canada’s housing supply
The Canadian housing market is struggling with a supply-demand imbalance, leading to higher property prices, rents, and homelessness. Policymakers are using short-term measures like vacant property taxes, such as Vancouver's increase from 1% to 3%, which has improved housing availability but not reduced rental prices. A comprehensive strategy, including supply-side measures and affordable housing initiatives,…
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Vancouver’s Iconic Views: Protected or Sacrificed?
Vancouver’s revised view-protection rules now include fewer protected views, impacting city skyline and development. These changes could result in 20 million square meters of additional development over the next century.
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Vancouver Wants Housing Plan Disclosure Order Quashed
Vancouver was ordered to disclose rental housing plans under the Freedom of Information Act. The city withheld information citing harm to financial, economic, and third-party interests.
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Happy Labour Day
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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New Sunrise Village affordable homes being built in Vancouver
Construction has started on 146 new affordable rental homes at Sunrise Village in Vancouver, located at 2924 Venables St. The project will feature two six-storey buildings, replacing a 64-unit low-rise. It will provide 82 net-new affordable units, with former tenants given the right of first refusal. Set to open in 2027, the development will include…
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