Next you'll say the politicians were also lying when they were resisting every new development for all those decades by claiming such luxurious apartment living was a social scourge.

The year 2026 is a few months away. I can count on one hand the number of people I know who have clued in. We deserve every bit of it.

Every gain and efficiency the housing sector made over the last two decades, the government stepped in to exploit it.

What did everyone think would happen, if residents in new buildings have to pay for:
- housing affordability funds
- subsidies for below-market units
- complex Step Code designs and materials
- accessibility mandates
- complex demolition
- public amenity contributions
- long, drawn out approvals processes
- in-building amenity packages
- street repairs and public realm upgrades
- unit type requirements
- restricted rental increases (leadings to big jumps in between tenants)
- restricted condo sales (investors have been pushed out of the condo market; some buyers heavily taxed)
- parking maximums
- expensive studies
- expensive reports
- rapidly and routinely changing municipal demands
- CRD water levy
- high direct construction taxation
- high indirect construction taxation
- …and on, and on.

That’s why a 375 square foot unit now costs $2,800 a month to rent.

Pic:

Click here to view attachment.

Love the old school feel of this mid-rise, although the corner portion could be done so much better, eg. with a clock turret of some type.