When it comes to housing affordability on the North Shore much like in Vancouver City; it is becoming more and more unattainable for our seniors/pensioners, fixed and low income earners and yes our Millennials and generations thereafter. The reality and future economic and social wellness of our city is in dire straits with not only small business leaving or considering to leave but so are our Millennials having had enough! Unwilling to pay soaring rents with no return on their investment with up to 4% rental hikes each and every year thereafter… #time4millennialsMoveOn
Any Millennial family trying to save for one of our ridiculously overpriced $1 to 1.5 plus million priced homes/condos will take them IF they are able to save 20% of their approx. $68K annual income up 20 YEARS compared to Toronto 4.6 yrs. and Edmonton’s one year!. source: Star Metro Vancouver: Aug. 1/18 & Point2Homes: https://www.point2homes.com/news/canada-real-estate/average-national-home-price-buy-bedrooms.html
It’s becoming more and more apparent why our North Shore culpable density mayors: Mussatto & Walton are unwilling to run for re-election in cities they have fornicated beyond recovery… and thus tarnishing their vainglorious legacies. What they don’t realize is their legacies have already been condemned for ever and ever amen.