Tag Archives: transit

All aboard the poverty train.

The middle class in Vancouver is shrinking.

A widening gulf between the rich and the poor makes for a marked shift in demographics over the last 40 years.

And there’s a fascinating difference between Toronto and Vancouver when it comes to distribution of these two classes:

In Toronto high income residents have centered around transit hubs, while in Vancouver the opposite has happened and poverty has spread along the skytrain line.

And numbers from 2010 income tax returns that Ley received this week show accelerated polarization between rich and poor, especially in the Downtown Eastside.

Vancouver’s experience is opposite of Toronto when it comes to transit, Ley said, as high income residents concentrate around transit in Hogtown.

It’s a phenomenon Martin Wyant, CEO of Tri-Cities social services organization the Share Society, can see simply by looking at the increase of residents that need Share’s food bank – a 59 per cent rise since 2007.

In the suburbs, new condo developments hide the poverty, he said, but most people are forced to commute for higher paying jobs.

I guess the question is this: will the recent push to build and sell condo towers at transit hubs shift this trend up or down?

Friday Free-for-all!

It’s the end of another work week and that means it time for the free-for-all!  This is our regular weekend news roundup and open topic discussion thread.  Here are a few recent links to kick off the chat:

Tiptoeing towards sub-prime
Get ready for more bidding wars!
Carney hints at rate hikes
Is Carney actually driving?
Vancouver might get a new tower
Want to RE blog for G&M?
Higher learning in Whistler
Translink puts on the brakes

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!