Canada's Housing Bubble

Apr 02, 2010 Davis Kosowan North Shore News

Dear Editor:

The District of North Vancouver tells us that densification is inevitable. It's a done deal.

Really? Why? Because the mayor says so?

What do residents say?

District houses are very pricey. Sadly, many North Vancouver families are left with the sole option of moving to the Valley because they desire a $500,000 house, not a $500,000 condo, so off they go.

The district wants us to think that these families' desire to live in a house will change if it allows developers to build highrises all over the municipality. But condo densification will not "save" these good people from moving to a house in the Valley.

Mayor and staff want condo densification because it represents huge tax money. But the district residents who pay their wages do not want condo densification because it erodes all that is appealing of this good life in the burbs.

Houses sell quickly in North Vancouver because people desire North Vancouver houses. Condos don't sell quickly in North Vancouver. Is there really a demand? Or is this simply a cleric's frothy dream of more tax dollars?

So you want a vision? Court and create a substantial industry and commercial centre in the district. With high-paying careers and jobs, working locals could afford some of these expensive houses. That is a vision in harmony with a sustained economy and a sustained lifestyle.

Are residents being conned into an "inevitable" change to their community which they really don't want?

People, please speak out, and in referendums and elections, please vote.

Davis Kosowan, North Vancouver