In this essay Maria Wallstam and Nathan Crompton provide an overview of the historical evolution of government subsidies provided to Canada’s real-estate sector. State-backed financing and mortgage insurance for the big banks have cost the public billions over the course of several decades – but it’s not the only way to do housing.
Chinatown might soon be the site of yet another high-end condominium development. The Beedie Group wants to build a 13-storey condo tower at 105 Keefer Street, at the intersection of Columbia and Keefer. If approved, community organizers fear that the tower’s 127 market rate units will add to the displacement pressures currently facing Chinatown.
This Sunday an unusual Affordable Housing Rally will be held at the Vancouver Art Gallery. The stated goal of the rally is to attract Vancouver’s middle class residents, “young professionals,” and “well educated people” who #DontHave1Million. In the words of the organizers, the rally seeks to amplify the voices of those “increasingly incensed population of Vancouverites who by comparison live pretty privileged lives.” In a city with deepening poverty and a long history of working class housing movements, the event has been interpreted as a bold shift towards highlighting the housing aspirations of Vancouver’s relatively affluent.
Last week, on November 22nd, a Vancouver Police Department (VPD) officer shot and killed a 51 year old man at the intersection of East 41st Avenue and Knight Street. The man was Phuong Na (Tony) Du. Within one minute of arriving at the scene, one of the officers drew his gun and shot Du to death. Before the shooting, Du was visibly distraught. According to eyewitnesses, Du was talking to himself while waving a piece of two-by-four wood on an empty sidewalk.