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Lewis N Villegas's avatar

• 129,057 homes in the pipeline

• 40-year supply of housing approved or in play (I get 31 years, but who's counting? It's a HUGE distortion! A travesty in planning)

Let me do a step-by-step in how I get to 31 years... First, we apply the 2.2 persons per home Vancouver average to get...

• 283,925 people living in 129,057 homes...

• Last census revealed that we are still growing at 1% per year (and have been doing that since before 1980...):

• 662,248 population (2021 from Stats Canada website—up 4.9% from 2016)

• The rule of 72 states that your investment at 1% per year will double in 72 years...

• 72 year population increment = 662,248 (double the population)

• 283,925 people is 43% of 662,248 population (2021)

• 31 years is 43% of 72 years growing at 1%

Whether it is 40 years supply or 31 years supply ITS JUST PLAIN WRONG!

In Metro Vancouver house prices are 7-times over affordability (3 years of mean household income before taxes). And they were predicted to go up 12% by the end of the year. Meaning they will be 8-times over affordability by the time people go to vote in the municipal elections.

House prices in Vancouver of course are higher.

Good as always to be able to 'do the math' about the horrible government we have running our city and the region!

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Stephanie Davis's avatar

The city website for building permits, proposals etc., is a complete joke. Trying to find anything is like going down a rabbit hole. You can never find the same information/web page twice.

They are so deceptive. We need public input, conversations, neighbourhood needs, proposals, applications and approvals to be accessible!!! Kennedy Stewart will go down as the most secretive and unproductive mayor in Vancouver’s history.

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