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I appreciate Paul Kershaw's campaigning on the struggles of the 20 and 30-somethings. However, one flaw in the report is that it uses an average home price. There are lots of detached homes on big lots that are skewing that average. What we should really be looking at is other metrics, such as housing size, walk and transit scores, etc.
When my parents bought in East Vancouver eons ago, East Van was considered a dump that people of Anglo-Saxon descent would never buy into unless they were on social assistance. East Van was what Maple Ridge is today. The goal posts have changed.
People can still buy in this city, but not in the neighbourhoods they grew up in. Metro Vancouver is really 20+ neighbourhoods with different street signs. Condos are the new bungalows. I have argued that foreign ownership is playing a big role here, but even if you were to restrict it tomorrow, I think there are too many people here who want to stay or move here.
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