The new gentrification package for Vancouver's Downtown Eastside
To be certain, residents do not need to guess at what the effects will be, since a gentrification prototype already exists in the form of Woodward's. A recent year-end study by the Carnegie Community Action Project has shown that rents have spiked in the low-end hotels surrounding Woodward's, in addition to increases in double-bunking and homelessness. Once Woodward's opens, the neighbourhood will experience all of the customary facts of condo presence: widespread NIMBYist opposition to new social housing projects, increased property values and rents, increased non-rent costs of living (upscale chain stores and bankrupt local businesses), poor-bashing, and self-segregated gentrifier areas that add heightened police presence and increased private security and surveillance in the community...