North Vancouver so far resisting trend to inequality

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The Globe and Mail has an interesting article today discussing how in Vancouver, wealthy communities are moving east, while “Burnaby, Richmond and Surrey – places that used to symbolize a comfortable, middle class existence – now show the highest concentrations of low-income households.”

North Vancouver, the article reports, “has maintained a solid half/half mix of middle-income and high-income neighbourhoods over 35 years, with a negligible 3 per cent increase in low-income areas.”

One commentator in the article argues, “The danger in such a trend is that a region with dramatic inequality leads to segregation, ghettoization and growing feelings of frustration and resentment. ”

University of B.C. geography professor David Ley, argues that rapid development is not the solution:

“The wide-open supply argument has been thoroughly tested and it’s been found wanting,” he says. “The problem has simply been aggravated. I think now, finally, people are recognizing that supply is not a problem solver, but in fact a problem generator because it is pricing up land all the time.”

As for the city’s (Vancouver) new housing strategy, which acknowledges that unabated development is not a solution, Dr. Ley says it’s a start.

An interesting article with some eye opening graphics. You can find it here:

https://www.theglobeandmail.com/real-estate/vancouver/how-income-inequality-is-reshaping-metrovancouver/article37196565/

 

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