A Vancouver developer has hit back at a social media campaign that calls for more affordable housing options in the city. The #DontHave1Million was started last year by Eveline Xia to highlight the disconnection between wages and house prices in the Lower Mainland. Now developer Wesgroup has launched a counter-campaign #DontNeed1Million pointing out that, while a single-family home may average $1m+ condos can be bought for half the amount. The firm’s Beau Jarvis told The Province that while it is a marketing campaign for its developments it is also intended to open a “rational debate”. The developer’s campaign has received some negative responses on social networks.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: