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I used to think the same way about the condo market, but given what's happened over the last 2 years, I have stopped my faith in people's rationality. The market can remain irrational far longer than it should. |
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Pretty much the whole Broadway corridor along VanTech is up under some guy named Niko Realtor rallies East Vancouver homeowners for $25-million land deal | This guy can't even put his full name on a sign haha Growing up in that area and going to tech, it's gonna be pretty depressing to see all the houses go |
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It's gonna turn into a total mad house... |
Traffic is already shit here I cringe at what it will look like in 20 years. |
i'd think they would be going the downtown Vancouver route eventually and not giving units parking spaces at all there in hopes of curbing vehicular traffic. I posted up the proposed plan for lougheed and over the next 30 years there are going to be 25 new towers, we lived across from Lougheed at government/cardston and during rush hour it was a huge pain to get onto lougheed or even across to the mall. Lets see what happens when theres 20 new towers lol.. it sucks there too because the access to the highway isnt as drawn out as it is from Lougheed/Willingdon, you can back up quite a ways up willingdon going south and still direct traffic in terms of which direction youre heading. Right now the closest way to get onto the highway from Lougheed is gaglardi and there is only the single turning lane there going west on lougheed... |
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The other areas in Squamish where the townhomes have already been built are hilarious. Every side road/street looks like a used-truck dealership lot after 6pm. Truck after truck parked on the side of the street. They've been adding so much density that there is a parking problem in the downtown area. Businesses are ticked off that customers can't find anywhere to park, no one who lives down there can find anywhere to park...it's a real problem. The Mayor was on the radio early in the week and she said (I'm paraphrasing) that she didn't think council should be addressing the parking situation because we're all going to be flying drones in 20 years. :fulloffuck: I'm convinced every city council is just hungry for more tax dollars so they can waste it in more ridiculous ways than the council before them. |
that sucks cause with proper planning squamish could have developed into an excellent community |
Parking seems to be an issue everywhere. There are some cul-de-sacs in my area and it's a mess. Some houses have 6 cars jammed in their driveway, hanging out blocking the sidewalk. Cars are parked bumper to bumper along all the curbs. They are nice houses but it really makes the area look ghetto as fuck. |
Parking an issue in Metro Vancouver because there are more people here and people feel that they need to own more than 1 vehicle. There aren't enough homes to house poeple, so people are renting basement suites and laneway homes. With respect to Brentwood and Lougheed, Mayor Corrigan has been on the record as saying that they allowed high density in those areas so that low density, detached neighbourhoods could be preserved with minimal increases in property taxes. People who live in condos tend to be younger, transient, and less likely to vote in city elections, so he and his council made the politically sound choice. Obviously, people who use those corridors suffer. |
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I honestly don't know why it is so difficult for city councillors and mayors to act in the interest of local residents. In my past dealings with municipal governments, they always seem to cater to business and commerce far more than they do to residents. And yet residents are the ones that make the choice to elect them into office... And then these mayors keep on getting voted back in. How many years have Corrigan been mayor in Burnaby now? :fulloffuck: |
lmao Corrigan has been Burnaby's mayor since 2002 |
Lot's of pre sale units now don't allow buyers to buy a parking spot even if they want to. Some don't allow one bedroom apartments to have parking or you need to buy above a certain floor to have the option to get parking. I think the reason why the gov is doing very little about the parking issue is they are hoping with some much grid lock people get annoy enough to give up driving and stick to pubic transit. The issue is public transit stinks in Van. Is fine if you live near a skytrain and your work place is also near skytrain. Otherwise driving is always better. Add to the fact there are still tons of area in Vancouver that isn't transit friendly or accessabile. Vancouver is known for our outdoor activities and to get to these outdoor activiates you need to drive. Public transit works in other cities because that's the lifestyle. It is the norm to take the bus, ride the subway and driving is a luxury. Add to the fact is actually faster and easier to get around with public transit (IE HK, China, Korea, Japan, Thailand etc etc...). Not in Vancouver though. |
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It's the same thing with Malcolm Brodie -- he's been the Richmond Mayor since forever. But at least I can see some reasons for Brodie to remain in office -- Richmond City Hall operations are actually sensible, and has far fewer red tape than, say, CoV. And of course, Brodie is reaping in the votes from the Chinese boom too. |
iirc he hasn't been seriously challenged since that very first election he's been in he's pretty much cruised through every elections and barring a major fuck up, he's pretty much guaranteed to be mayor for as long as he wants |
So, it appears that people are still willing to overpay for strata properties: 116 100 Klahanie Drive - Monet Tyler |
Klahanie is going mental - there was a ground floor apartment unit listed in 701 Klahanie that was $569k for a 980sf unit and it apparently sold in the 600s. We live here and I want a garage badly, but that townhouse that just sold for $911k literally doesn't even have grass and has a single garage - brutal. Mark |
Klahanie is the Kits of the Tri-Cities: dogs, growlers, and beards. Port Moody is a good spot, but the prices in that area aren't really justified. Then again, you could pretty much say that about every area of Metro Vancouver. |
I've lived in Burnaby almost my entire life. I've always liked the methods that Mayor Corrigan uses in Burnaby, he uses the private sector to get public infrastructure built which means steady taxes for the residents. ie. he approved Bossa's application for a tower but also required them to build us a new public library |
It is harder than just running for the position you want right off the bat especially in any urban area. Basically you have to work your way up.. from PTA, School board, municipal than provincial. Unless you live like in the interior or up north, but I guess they don't have to worry much about municipal matters! It really helps if you are a lawyer in the area too, especially since a lot of the times getting things done has to do with changing the interpretation of the law and convincing the city your point of view. eg Christy Clark cut her teeth at SFU. Fin Donnelly started at municipal but he had made a name for himself swimming down the Fraser. Brodie, Campbell, Corrigans are all lawyers. You have to build the network of local activists to help you. It takes a lot of time and effort. I know a few former cabinet members that took out second and third mortgages on their homes to finance their campaign.. (they get part of the money back eventually from tax rebates). Quote:
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Corrigan's methods work if you already own a property in burnaby.. but for renters.. who are barely making it, not so great. Quote:
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High rent is not a localised phenomenon but Burnaby has the highest development next to Surrey, next to Central Park and on the Kingway corridor. A few students of David Ley @ UBC Geography did their masters and PhD thesis on the changes on Kingsway. There are plenty of things Corrigan can do. Just tell developers to set aside 5% off any building more than 30 stories for low cost housing (even the ugly ones). A few of those tall buildings (eg the new Gilmore development) will replace the housing stock in those low rise and low density apartments. The on going thing has always been Corrigan is on labour / traditional side of NDP. As long as Liberals are in power, he refuses play ball and say housing is solely province's problem. Compare him with Robertson which is on the other side of NDP. Robertson compromises a bit and he get a few more housing done. Quote:
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