CondoAdvisory Blog

Well this is a follow up to a post I wrote last week about bringing new developments to the Downtown East side. Seems as though this is a huge issue and one that will not be solved easily. There are many people who feel as though they are under attack and their way of life is being threatened by this act.

I think many of us brush this type of talk off and look at the development as a good thing, it will clean up the area and make it a place we will all enjoy going. I admit, this is very close to how I have looked at it. After reading this article Social Conflict in East Vancouver I realized that it is a much larger issue.

I can’t say I have the answer, I do still think the development of condo projects and other projects are a good idea, but maybe it is worth a closer look on a project by project basis.

If you are looking to buy/invest in such a development, you may want to give it more thought as this could effect your re-sale value as well as quality of life while living in such a development. A great example of this for me is the Woodwards project, many poeple bought into this project for a pretty penny and I think much of it was based on the hype and extraordinary marketing efforts for the development. I am not sure how many people have considered what it will be like to live there and how the other area residents feel about it.

Just food for thought, I would love to know what others think and feel about this.