Developer Greed in Vancouver

The junction of Cambie Street and SW Marine Drive. Initial development phase. (Courtesy: pcl-group.com)

The junction of Cambie Street and SW Marine Drive. Initial development phase. (Courtesy: pcl-group.com)

I took a look once again at what’s happening along Cambie Street, the section which runs, approximately, from False Creek to the Fraser River. The acceleration of construction is feverish. And I do mean sick. The city’s plan for the 45 blocks in the “transportation corridor,” which has an LRT station about every dozen (very long) blocks, simply encourages land assemblies for the construction of multi-unit buildings, most of which are condominiums, the lower price point for which is currently about $500,000 per unit. The developer buys the land, builds and sells the building, and then gets out. There is little attention, if any, to affordable housing, which, of course, is a lot more trouble to bring about and sustain. The driving force is not community development, but greed. And city council destroys yet another set of neighbourhoods. The video below provides the usual planning clichés.

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