Everybody knows that real estate is the perfect investment, but how many of you are investing in cemetery land? After all they aren’t making any more of it.
As cemeteries run out of space, cities are scrambling to find new land for burials or maximize the land they already have, while some residents are seeking cheaper plots in the suburbs. Familiar housing terms like affordability and density are beginning to have meaning in both life and death.
“We are at, or soon to be at, a crisis in cemetery space,” said Vancouver landscape architect Erik Lees, whose company, Lees & Associates, plans cemeteries across North America. “The Lower Mainland is likely the poorest-served region of all the major cities in Canada.”
Some of the same factors that have driven up the price of housing in B.C. — including geography, zoning and population — have also led to rising cemetery prices, with the remaining 400 to 500 casket spaces at Vancouver’s Mountain View Cemetery priced at $25,000.
Read the full article here.