(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) TLDR We estimate the land value lost by lot subdivision restrictions in the RS (single-family) zoned lands of Vancouver. These restrictions, also known as the zoning tax, subsidize hoarding of land for the wealthy at the cost of those who wouldn’t mind sharing. We conservatively estimate the overall cost of preventing splitting of lots at $43 billion, or an average of 37% of existing lot land value.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) Informal housing While housing is highly regulated via zoning bylaws, building code, and fire code, in situations of housing scarcity we often get informal housing that exists outside of - or only partially covered by - the existing regulatory framework. We often associate slums or shantytowns with the term informal housing, but it also applies to more organized settlements like Kowloon Walled City, or, in the context of subterranean Vancouver, a good portion of our secondary suite stock.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) TL;DR The new data release from CHS 2018 enables us to return to looking at mobility, with a special focus on forced moves. We estimate and compare the risk of forced moves for renters across Canada. We also provide some evidence for its sharp decline in BC in 2018, following protections put in place by the NDP. Finally, we compare risk of “forced move” to risk of “choice move” for renters.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) The “real estate has swallowed Vancouver’s economy” zombie is back, with wild claims by a City Councillor that “If you look at the long-form census data going back to 1986 every 5 years, […] we went from selling logs to selling real estate […], major shift from resource extraction to real estate property development and construction as the primary driver in the local economy.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) How did early planners envision Vancouver’s future growth? Fortunately for us, they left a prediction in dot-density map form! Here we compare their prediction to a dot-density map from today. Let’s check out how our dot destiny unfolded! Vancouver grew rapidly from its incorporation in 1886 right up to the great crash of 1913, followed by WWI and a raging influenza epidemic (which we all know way too much about now).