Vancouver Housing Might Actually Become Affordable Now?
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8 ай бұрынWatch this video ad-free on Nebula: nebula.tv/videos/rmtransit-va...
Vancouver is known for its pretty good transit system, but also its sky high housing costs that's driven many out of the city. But with this new provincial housing policy, Vancouver's transit system might just be able to fix that.
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Ever wondered why your city's transit just doesn't seem quite up to snuff? RMTransit is here to answer that, and help you open your eyes to all of the different public transportation systems around the world!
Reece (the RM in RMTransit) is an urbanist and public transport critic residing in Toronto, Canada, with the goal of helping the world become more connected through metros, trams, buses, high-speed trains, and all other transport modes.
@nairbos
Vancouver’s affordability is not just supply driven, it’s largely because of investors. Just like every other housing bubble - cheap debt and soulless parasitic investors.
@Fan652w
BC is to be congratulated on this new legislation! We need similar legislation in Britain, coupled with legislation to encourage freehold ownership of apartments. (Currently that is almost impossible in England and Wales.) And to create the bus hubs around which we build the apartment blocks, we need to reregulate bus services, bringing them under public control.
@Art-vz6qh
Won't even matter. At the rate Vancouver develops anything we'll be too old to really care. We'll have been lifelong renters or paying off mortgages. And yes, there's too much immigration for the current infrastructure.
@Dilandau88
Having just visited Japan earlier this year, Vancouvers transit system is a complete joke. That’s a country that has figured out transit, not Vancouver.
@benchoflemons398
Vancouver is the 2nd most unaffordable place in the world, second only to HK. It’s a joke, the taxes on housing are astonishing.
@lea5898
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@lanetomkow6885
I was born and raised there. Left 6 years ago. Even if it became more affordable I would never back. Politics, culture and crime are the deterrents. It just is not the same place as 30 years ago.
@stephenc6955
"Vancouver Housing Might Actually Become Affordable Now?" Areas around Skytrain stations are unaffordable.
@ChrisJohannsen
Too late for me as a former Vancouverite. Moved to Melbourne and have been enjoying a much more robust train/tram system with 50% lower housing costs and 50% better wages.
@rh7163
Well, I think the Chinese will be glad to hear it although the homeless may show a lack of enthusiasm.
@DevynCairns
When I saw the news I couldn't believe it. Finally getting some common sense zoning policy. I am so psyched for what kind of changes this will create. I hope we get some more mixed use along with this, even though that's not specifically called for in the legislation. More inexpensive, small commercial units within neighbourhoods would be great for everyone.
@AaronSmith-sx4ez
So many American cities need to do this! Most American cities are kind of a low-density, sprawling lost cause. LA will never look like NY. But...places like LA could have "transit islands" of efficient land use and high density around key transit stations and these "islands" could really help revitalize cities. Cities should ALWAYS zone for density, walkability, and efficient land use around train stations.
@ViniciusSC10
São Paulo approved a very similar project this year, but instead of 800m circle it was 1km.
@japanesetrainandtravel6168
This is fantastic news for Vancouver. As for Mississauga where I live, we are building for density with numerous condo developments including M City, but little to no rapid transit adequately serving these dense areas. M City is along Burhamthorpe which is already busy with traffic and a bus route that offers a 20 minute frequency utilizing a non articulated bus and the Square One bus terminal is 20 minute walk from this location. Transit definitely has to keep pace with growing density and cities need to have some kind of policy to encourage this.
@Mason_van_Bike
Interesting to hear that Translink will be developing some of the surrounding land into housing themselves.
@AlexScuccato
Very positive news for Vancouver! Cities should look at Edmonton’s example too with their new zoning laws that allow density
@ZacharyRodriguez
I hope your optimism manifests into reality. I'll need to plan some visits to check out the transit and progress. Didn't know the extent of the transit up there was this nice, so at least worth a visit or two.
@KevinSmithGeo
As a Victorian, I'm certainly hoping this does what it is supposed to. It also means I'm all the more annoyed at our lack of any form of RT. Victoria proper (as opposed to the many other municipalities in greater Victoria) did pass what was supposed to be a Missing Middle bylaw that raised the minimum density across the city, but it had a bunch of caveats that allow NIMBYs to block any attempt to use it as long as they complain enough, so it's effectively worthless. I really hope this new law doesn't fail the same way.
@eliplayz22
I live on the other side of the continent from Vancouver, but this new policy is awesome. Though where I’m from in Maine, housing prices are low (at least by U.S standards), I think this policy would be good for Maine (really anywhere in the U.S) because it will build up to the density and population to amounts suitable for more transit besides good to mediocre bus networks in the largest cities in Maine
@calumashleymcdonough8955
Bravo, another well researched and presented video.. reminding me why I support you monthly. Doesn't hurt I'm also from Vancouver and am terrifically proud of our transit culture here for a smaller city in the global context