Corona After Bite

Crysal

Prediction – As concerns grow daily across the world, our country, and especially in the major cities, I predict there will be many people who will be considering the many benefits of being somewhere other than a major city during this event, or any other future event. We have a moat. We have just done a virtual lifting of the drawbridge with our official requests to please stay away.

This will not go entirely unnoticed by those 2,800,000 people who are living in the Lower Mainland…nor I suspect those living in Toronto, Montreal, or Calgary.

When this subsides, as it eventually will, expect the real estate market here to become VERY active. As of this writing there are only 53 single family dwellings for sale here.

However, my real concern, as it has been for 20 years now, is the effect rising real estate prices, due to the lack of supply and high demand, will continue to have on our rental market, and therefore, our middle income and lower income, non-owner, residents, better known as renters.

Virtually every single rental house is an investment for someone. When that investment reaches a “maturity” it will be sold to someone who wants to move here permanently. That is the trend which started 5 years ago, and which has been continuing since then.

Thus, a (hopefully) short term crisis caused by a virus from China is very likely going to have an indirect, but significant, long term negative, influ-enze on our current housing crisis.

It is long past time for the Islands Trust to legalize ALL cottages, ALL suites, and tiny homes, trailers and 5th wheels for occupancy, AND to make affordable housing projects and proposals the number one priority on their agenda. Fir trees and climate change can wait a few years…they are Johnny Come Latelys to our housing crisis and can get in line.

Like most long time Islanders, after 20 years of this housing crisis, I’m tired of watching this island’s community’s gentrification/decimation, while those who wield the power of the pen tell us sorry, there is really nothing they can do.

BS…If they need concrete ideas they know where to reach me, or, they can just read some of my many past posts on the subject.

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