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Housing crisis decades in the making – Saanich News

Mount Equity Group Tokyo Japan > News > Markets > Housing crisis decades in the making – Saanich News





LETTER: Housing crisis decades in the making




In response to “Densification addresses concerns of modern world.” Sidney shares land with North Saanich, so factor this in when saying densification in Sidney is confined to downtown. Sidney had to restrict reno-evictions so the not-so-wealthy baby-boomers could remain in their apartment/condo rentals, so it’s misleading saying the older generation are “rich.”

Not all retirees can afford $1,000 per square-foot of living space in new builds, strata fees in the hundreds per month and Sidney’s taxes outpacing every other municipality on the Peninsula. Affordability for service workers is a Canadian problem and will take all three levels of government to tackle this ignored problem.

“Climate change is impacting…

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