This Week in Housing News: Margot Young’s CTV Interview and Cheap Mansion Living

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Margot Young: Affordable Housing in Vancouver on CTV

Housing Justice Project principle co-investigator Margot Young was interviewed on CTV Vancouver regarding Demographia’s recent survey ranking Vancouver the second most unaffordable housing market in the world again, after Hong Kong.  Vancouver’s affordability situation is especially dire due to a disconnect between low local wages, and high housing costs.  (CTV)

 

Low-Rent Mansion Living? In Vancouver? Really?

Vancouver’s housing crisis has forced those seeking housing to find creative ways of entering the market.  So, why not get your group of friends, pool your resources, and live together in a mansion?  The Tyee profiles one group of friends living in a $5 million mansion overlooking the Fraser River,  complete with six bedrooms.  (The Tyee)

 
Ransford: Single-family zones could solve shortage

One of the potential pieces of the puzzle to achieving more affordable housing in Vancouver, says Bob Ransford in the Vancouver Sun, may be to reconsider the role of single family-zoned residential neighbourhoods, RS-1.  Could streamlining the reclassification of traditional single family residential neighbourhoods allow the City to densify its largest lots? (Vancouver Sun)