Dunbar Re-Vision

Does Pacific Arbour Have it All Wrong? | November 18, 2012

Dunbar Re-Vision is just getting warmed up.

   It seems like an excellent opportunity to plant the “seed of doubt” in the mind of the developer.

   A story in the week end Vancouver Sun (see page D8, November 17, 2012 ed.) entitled Boomer homebodies   says most people hold onto their homes into retirement.  Further, the article cites Statistics Canada that suggests  only about 2.6% of the population 65 and over was living in residences for seniors citizens. 

    Boomers are concerned about their kids, as well as the economic climate, which may help understand their reluctance for moving out of the family house.  Mr. Doug Norris, chief demographer at Environics Analytics,  says, “a new trend developing is downsizing to condominiums but doing it by moving to the suburbs so Baby Boomers can be close to grandchildren”.

    Now this was a Toronto based article. On the Westside, add in the element of vacant, land banked properties, held by offshore investors, and the numbers start degrading.  Let’s say that  Dunbar has 4,500 houses (remember a significant number of these are investment properties).  At best, this will presently supply a 90% occupancy for Pacific Arbour Retirement Communities (the math goes like this 2.6% of 4,500/130 proposed units).  Add in the process of time, as the aging Boomer population continues to follow their children out of the city, and we start to see the folly of an ill fated seniors development proposal stuck in the paradigm of life in the 80’s and 90’s.

     This is not to suggest that the community does not need a seniors care facility. We can all agree that this would be the compassionate approach to helping seniors in their twilight years. Sadly, the developer’s view is that there is no profit in care facilities. But the question we have to ask them is, “Do you have the right profit numbers in your proposal?”


Posted in Uncategorized

3 Comments »

  1. This website is definitely a story for all of the knowledge you wanted about political activism.

    Comment by Youmon — November 20, 2012 @ 8:51 am

  2. […] His past remarks seem to be at odds with his current beliefs. We must ask again of Mr. Gaskill, ““Do you have the right profit numbers in your proposal?”  Have you looked into the […]

    Pingback by Pacific Arbour President Talks About Seniors « Dunbar Re-Vision — December 1, 2012 @ 1:47 pm

  3. The developer just wants a windfall profit from the change in zoning, and is using the term “seniors” to get it.

    Comment by Neighbour — December 2, 2012 @ 3:50 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: