Contributor Ian Robertson writes to suggest that Vancouver’s rental market has, just maybe, jumped the shark.

A “den” just wide enough to slide a twin bed into, for almost $900/month. If we’re being generous, it’s all of 40 square feet. It may even come with access to common areas, like the kitchen and a bathroom.

But hey it’s a room, and it’s downtown in a building that has this sweet rooftop deck!

Except — wait, how do you get this view from Alberni Street. And is that BC Place from 2011?

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Also called Tri-Face, Three Message Sign, Prismavision, or Prismatic displays, this Trivision billboard sign rotates 120 degrees to show three different advertisements.

And the three messages on this Trivision billboard installed along Arbutus Street read sequentially like a prescription for the 20th century.

The first promises “Music to your Engine” by protecting your vehicular motor; next, the promise of wealth creation.

But it’s the third sign that stands out.

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The well-connected and prolific Gary Mason wonders in the Globe and Mail just why in heaven we are paying any attention to the howling from those who’ve won Vancouver’s home lottery.

Sarcasm drips from the page, as he calls them “. . . these poor, poor multi-millionaires“.

People sitting on massive, sweat-free and tax-free capital gains don’t seem to merit a whole lot of compassion and sympathy. They’re certainly getting all the coverage.

But is it the coverage they really want? 

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Trust the New York Times to call it like it is.

As the newspaper astutely observed this past weekend:

Last year, in a provincial election almost entirely about housing costs, citizens voted out the center-right B.C. Liberal Party, which had run British Columbia for 16 years, and brought in a government led by the left-of-center B.C. New Democratic Party. Since then, the New Democrats have not only tried to increase the housing supply, but have also proposed a slew of measures that aim to curb housing demand and chase away overseas buyers.

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Simple optics tells us plenty about status of folks upset over the new proposed levy on high-value homes in British Columbia.
And the Twitter thread gives plenty of hints about the collective reaction from the other side.
Tell ya what, folks, there’s a muscle-car mayor out there just for you.
Click to see more photos and commentary.

 

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The headline says it all.
And the rest of the article, by Adam Belz of Minnesota’s StarTribune, is worth the full read as well. It touches on a few Vancouver nerves.
Here’s an excerpt:
A city staffer explained the rising burden of rental prices on poor residents, and gently pushed a central theme of the draft plan — that the city must build more homes in more places — to a group peppered with skeptics.
“If you just let the market promote density, that doesn’t necessarily trickle down to affordable housing,” said Lara Norkus-Crampton, a south Minneapolis resident. “If it was just density that provided affordable housing, then Hong Kong and New York City would be the most affordable places on the planet, and they’re not.”

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Public lecture and webcast

Looking back, Looking forward: Reflections on Housing Metro Vancouver


While Metro Vancouver has changed dramatically over the past four decades, many concerns of yesteryear are surprisingly similar to those of today—foreign buyers, rental crisis, dwindling land supply, locals-first policies, and disdain for developers.
Using his collection of newspaper clippings, in this presentation Michael Geller will offer a different perspective on Metro Vancouver’s housing affordability challenges and some timeless solutions.
Thursday, May 10
7-9 pm PDT
Room 1900, SFU Vancouver
Harbour Centre Campus
515 West Hastings Street
Free lecture by reservation; reserve seats on Eventbrite.
Free webcast by reservation; register on Eventbrite.
 

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