Here are my answers to your survey.
Sincerely, Joe Carangi, NPA Candidate for Vancouver City Council
1. What do you see as the main housing challenges facing Vancouver?
The lack of affordable housing is definitely the number one issue facing residents in Vancouver or for those who are wanting to move to our beautiful city.
2. What measures do you propose to address those challenges?
I do believe that we need to look at ways to encourage home builders to build affordable housing as part of any project City Hall approves for said developer. Also the LEED standard requirements on the building of new homes needs to be eliminated or reduced as it adds around 25% to the cost of new housing for environmental technology that is unproven (ie. Olympic Village). The City also needs to work with the Province to see if tax incentives can be granted (aside from First Time Homebuyer’s grants) to again allow for residents to purchase a new home or to make more stringent requirements for oversea buyers who buy homes for speculative investments yet chose not to live in Vancouver.
3. What is your policy on housing densification?
Housing densification has its place depending on the area in the city that this is to occur. It makes sense to build more housing units near skytrains to take advantage of this important transportation ameniity. Other areas of the City would may be ideal for such densification because it could take away from the character of the area.
4. Would you support policies that would lead to a drop in real estate
This is a tough one. As a home owner I do not want my home to drop too much in value but that said a correction is definitley needed in our city regarding real estate prices.
5. What is your own family’s housing situation?
I was lucky enough to purchase my condo in 2005 so it was somewhat affordable back then. Today, this same home would be nearly double the cost.
[This post is not to be seen as a VREAA endorsement of any of the above positions. See ‘Policies On Housing’ – The Positions Of Local Entities On The Challenges Facing Vancouver Housing‘ for an introduction/rationale for this series.]