Posted by: Couch_Surfer
Posted by: Bull_Dozer
I just think it's messed up that we live in a country with basically an unlimited amount of land but you either need a very high paying job or a big cash gift from family to even afford a small condo here.
We don’t have an unlimited amount of land.
What’s the stat - 90% if the population lives within 150 miles of the US border?
We have a huge amount of land that most people don’t want to live in.
I'm not suggesting that people move to rural areas in the middle of nowhere. We have tons of unused and underused land within 150 miles of the US border. Vancouver isn't densely populated at all. The downtown peninsula is but drive 3 mins outside of downtown in any direction and it's like 95% detached houses. We have tons of land, we just aren't using it properly. Zoning and NIMBYism is a significant factor in housing affordability.
And I'm not surprised that the core areas are unaffordable - Vancouver, Burnaby, North Shore, etc. What's crazy to me is that even when you drive an hour outside of town into the Fraser Valley everything is still very expensive.
Compare that to NYC for example - of course Manhattan is insanely expensive. But if you get on a train and go 30 mins into New Jersey you can get a half decent house for under $500k USD. We just don't have that option here in the GVA. A house in Vancouver is like ~$2M for something not terrible but it's still like $1.3M in Langley and like $1M in Abbotsford and maybe $850k in Chillwack... And we also don't have sufficient infrastructure (trains, highways, etc.) to allow people further out to efficiently commute into downtown Vancouver.