Collected Data
"“It’s terrific,” Mr. Keate said, reiterating that property values will go up, not down, in a heritage conservation area, a point made in a city consultant’s report."
A luxury neighbourhood of grand old homes and lush greenery is being designated as Vancouver’s first-ever heritage conservation area in an effort to halt a tide of demolitions and assuage fears that the city is being wrecked by a brash new group of home buyers who do not care about its history.
Vancouver designates First Shaughnessy a heritage area
Let me get this straight; a weathly, historically white neighbourhood, with little historical value is being saved, but Chinatown, an area of rich cultural and historical significance for the Country, not just the city, is being torn down down and rebuilt.
That pretty much sums up Vancouver for you.
"It’s condos and luxury hotels, when there’s a wait list for affordable housing here.”
people like Mr. Yu say local businesses may find that high-end consumers in new developments would not shop at their herbal medicine or produce stores.
Chinatown residents seek moratorium on condo development
Chinatown in Vancouver desperately needs money. Money for social housing, addiction treatment and mental health care. It’s very sad how once again, the city is throwing away it’s history by tearing it down and burying it in a jungle of condos, nail bars and brew pubs.
"We debate at least once a month whether we should just move to Toronto."
To be sure, Vancouver is not alone. New York, London and Singapore have long been popular with foreign investors, driving up the cost of living for locals. But while those cities are global financial hubs and have many bankers with big compensation, Vancouver's economy relies more on tourism and a cyclical resources industry.
Vancouver home prices worry businesses as they seek to hire staff
When discussing Vancouver real estate, a comparison to a handful of major world cities always happens. The problem with this comparison is that places like New York and London have a vibrant cultural and historical spirit.
Vancouver is a soulless wasteland.
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