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Mikaela Smith's avatar

Vancouver does not have the financial or professional industry to attract a massive amount of a population. We are not a business epicenter, we do not have a plethora of high paying jobs attracting people from all over the world. With the state of affordability, even wealthy Vancouverites are choosing to have small families and many are choosing to not have families at all. Some decide to move to places where affordability still exists in small towns dotted around our province.

The whole plan for Vancouvers is being envisioned and driven by corporate developers who will purely benefit from massive population growth. The reality though is we will never have that many more people wanting to live here full time.

Right now all of these new builds, condos and rentals, have record vacancies. Which many developers are not officially reporting. They are not paying their empty home taxes and are counting on being able to influence provincial and municipal politics to be able to eventually lift the foreign buyer ban. The truth is that 99% of this development is not for the current population living in Vancouver and suffering in our affordability crisis. This development plan is focused on continuing to have a revenue stream for these developers who see Vancouver as a dream for land speculation. It has zero to do with helping affordability. In fact this plan guarantees for it to become much worse.

Steve Cumming's avatar

250,000 more people by 2050 means on the order of $100 billion in somebody's pockets over the next 25 years. It's worth asking just who is being incentivized here.

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