Urban
Development
Institute

pacific region

Anne McMullin on News1130 – Limited Land High Cost

June 16, 2017

The impact of our new minority government on BC real estate will be discussed at a downtown Vancouver hotel tomorrow (Thursday).
Other hot button issues at the event hosted by the Urban Development Institute include the controversial Vacant Home and Foreign Buyers taxes.
The U-D-I’s Ann McMullin says a key problem is not having enough supply to meet the demand for housing because 85 per cent of the zoning in this city is only for single family homes.

“We all know there’s practically a zero per cent vacancy rate in rentals.  In terms of a supply perspective, we’re forced to build on a very limited land base. Construction costs are high, but it’s the land that makes it so expensive and then makes it expensive to build.”

Hear Anne by clicking the links below:

 

Featured Events

UDI Luncheon: The Buzz on BC Politics, Election & Budget

February 15 @ 11:30 am

Everyone’s buzzing about what changes the upcoming Provincial Budget will bring.  With so much expectation on the table, there’s no...

Read More

UDI Seminar: What does the BC Budget mean to you?

February 22 @ 7:00 am

Join us for a post-budget analysis from thought leaders and experts who will share their insights on Feb. 20 budget...

Read More

UDI Seminar: Making Sense of the Rise in Commercial Strata

March 1 @ 7:30 am

As commercial strata gains popularity, questions surrounding profitability, affordability, and sustainability continue to rise. This breakfast panel will dig into...

Read More
View All

© Copyright 2018 URBAN DEVELOPMENT INSTITUTE