Car condos for the rich

A gated condo complex under development in Richmond is raising eyebrows.

Not because it's a high-end facility for the rich – but because it's for cars, not people.

The Trove Club, where units start at $600,000, has housing advocates pointing to the widening gap between rich and poor. 

"In a region where half of British Columbians live and $500,000 actually won't buy you enough bedrooms for a couple of kids, it's frightening to see," UBC prof Paul Kershaw, founder of Generation Squeeze, told CTV.

PR material for The Trove calls it "a community of like-minded individuals with a passion for cars and a luxurious way to savour the benefits of owning a supercar."

Developer Hungerford Properties says 80 per cent of the 45 units are already reserved.

But Kershaw believes measures are needed to address housing affordability, not encourage pricey play spaces for the ultra rich.

"We need to build a real estate market that's about homes first," he said.

Kershaw says local governments need to imagine how neighbourhoods might change "to add more density, add more units that can price our kids and grandkids back into the neighbourhoods where they grew up."

– with files from CTV Vancouver


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