EDITORIAL: Climbing costs

Positioned west of the toll bridges and close to the Evergreen Line, homes in the Tri-Cities will become increasingly desirable in the coming years.

First-time home buyers, primarily young families, are jostling with older empty nesters for condos, townhouses and homes, raising questions about how long this much-vaunted affordability will last.

High home prices have chased many buyers out of neighbourhoods in Burnaby and the North Shore to the Tri-Cities.

But how long will it be before this region is too expensive for families, baby boomers and the elderly?

The Tri-Cities Homelessness Task Group raised concerns about affordability in an April 2013 report.

The group noted that many people are at risk of losing their homes or pay a significant amount of their income on rent. There are also concerns that people won’t be able to afford their homes when interest rates rise.

Perhaps it’s time to take a closer look at what we can do to ensure our neighbourhoods are affordable and thriving for years to come.


We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.