Vancouver’s huge income-to-home-price gap will continue to challenge city

Vancouver’s huge income-to-home-price gap will continue to challenge city. This is a statement from Andy Yan, a planner from Bing Thom Architects.

Meteorically rising home prices; an aging population; the rising cost of industrial land; incomes that fall below those in other Canadian cities; falling voter rates: these are some of the major challenges Vancouver is facing in the 21st century.

Yan has become known for his work on condo occupancy rates in Vancouver, foreign ownership and fun stuff like his independent coffee shop, bookstore and trick or treating maps. Local and international media have come to rely on Yan for insight into Vancouver’s sky-high real estate prices.

For this talk, Yan turned his lens to the future of Vancouver. Reminding the audience that, “behind every number is a family, a dream and an aspiration,” Yan highlighted the contrast between Vancouver home prices and income levels.

Read the full article here: Vancouver’s huge income-to-home-price gap will continue to challenge city

 

Take a read of the main article and be sure to come back with your views.