Stackable Parking Vancouver

Stackable Parking In Vancouver

Steve Saretsky -

Should Vancouver Consider Stackable Parking

Stackable parking in Vancouver- Should we consider it? I did a YouTube video on stackable parking a few days ago and it would appear recent news further enhances my viewpoint. As I mentioned in the video you can watch HERE I talk about how other cities such as New York and even Toronto are using stackable parking to help solve a limited supply of land which in turn has created a shortage of parking.

Anyways, CBC did an article here that says one of the most ambitious commercial-residential developments in Vancouver is being scaled back because of some issues regarding an underground aquifer and parking. They discovered a large aquifer and now would complicate their designs for a 3 level parkade, as a result they have had to scale back and thus we will be losing 450 proposed residential units.

Could this all be avoided by using stackable parking? Maybe, I mean you would think you could cut it down from at least a 3 level to a 2 level parkade if you used stackers. Or perhaps even a one level if they used this ferris wheel parking system like they do in Brooklyn.

But then again there’s the other side of the coin. More walkable cities are becoming the norm. Mayor Gregor Robertson has been very clear with his plans to reduce the number of cars in Downtown Vancouver. The increase in bike lanes, bike sharing, car sharing and reducing the number of overall parking lots it’s clear he has a vision for Vancouver which does not include cars. As nice as it would be for people commuting to downtown to be able to drive their cars and find a parking stall (achieved by using stackable parking) I simply don’t see it happening. However, in areas outside the downtown core I don’t see why this isn’t commonplace. It would make better use of our limited supply of land.

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The Canadian Economy

Steve Saretsky -

Happy Monday Morning! We got a string of new data this past week confirming inflation in consumer goods, and housing are proving to be more than transitory. Canada’s consumer price index continued to drift higher with prices hitting an 18 year high, up 4.7% from last October. The recent floods in BC...

Steve Saretsky -

The calls for impending interest rate hikes continues. CIBC’s chief economist, Benjamin Tal, was out recently suggesting the Bank of Canada could hike its benchmark interest rate at least six times beginning in early 2022. “I think there is a risk of getting into the market at today’s rates,” noted Tal....

Steve Saretsky -

The BC Government announced it is looking at several cooling measures for the housing market in 2022. They have highlighted two measures. The first is an end to the blind bidding process, and the other is a mandatory “cooling off period” which will allow any buyer a 7 day recession...

Steve Saretsky -

The Bank of Canada continues to slowly drain liquidity after flooding the system with a firehose of cash during the pandemic. Bank of Canada governor Tiff Macklem announced the end of Canada’s QE program (also known as money printing). Furthermore, in Macklems words, “We expect to begin increasing our policy...

Steve Saretsky -

Consumer price inflation ripped higher in September, surging 4.4% year-over-year, the fastest pace of price increases in 18 years. Let’s discuss this further. We have an inflation problem and the Bank of Canada remains of the view that inflation will be transitory. Although they really can’t say otherwise, for if...

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The Saretsky Report. December 2022