Stop Market Condo Development in the DTES!
The ripple effects of market housing condo developments have been destructive to the low-income community in the Downtown Eastside (DTES); a process we call gentrification.
As the price of real estate has gone up the low-income community has lost affordable housing, shops, and other low-income friendly spaces. While gentrification changes our neighbourhood into an unfamiliar, alienating, and hostile space for low-income people, police protect the condos and boutiques and City Hall eases regulations and provides incentives to developers to speed further market development. The displacement of low-income people from the DTES is a direct result of market housing condo developments and this displacement is reaching crisis levels.
We are concerned that gentrification in the DTES is occurring in a context of:
– Hotel room rent increases (only 12% of privately owned rooms now rent for the welfare shelter allowance or less) not tracked by the city and rent increases for businesses serving low income residents;
– Hotel closures and “renovictions;”
– The displacement of low-income residents from the Downtown Eastside, contrary to city policy;
– Increased homelessness measured in the last city survey;
– More harassment of low-income residents by security guards and police;
– The erosion of unique and authentic community assets such as a strong sense of community, feeling accepted and at home, empathy with people who have health and addiction issues, connection to our cultural heritage, a strong commitment to volunteering, cheap or free necessities that are close by, needed health and social services.