Think this is great for Vancouver which needs more housing. The zoning is broken, and far too conservative. Glad to see the Squamish addressing a need that will likely benefit all, and hopefully this encourages the city of Vancouver to do the same on their own accord.
Building more homes in Vancouver will not result in lower prices because this is not a supply problem it is the financial assetization of home equity that drives higher and higher prices. Blue collar workers turned multi-millionaires rely on the continued rise of home prices to purchase cheap credit which they use to speculate on more homes. When they couldn't find anymore locals they turned to the international mark…
It's funny how the people who sling this as an insult so often have a literal deed/title and are pursuing policy that pumps its value to the detriment of others.