Published in The Record on Thurs, May 23, 2019
In response to Luxury condos planned on lands vacant for decades - May 7
Whereas it has been declared and demonstrated ad nausea by governments at all levels and by The Record that the most urgent need for housing in Waterloo Region, indeed in Canada, is for affordable housing for those not covered by the Liberal party's concept of the middle class; and whereas the level of economic inequality in the country has reached unprecedented levels, with the Fraser Institute in April 2017 reporting that "the top 20 per cent of households own about 67 per cent of the total wealth and the bottom 20 per cent of households own less than one per cent" and Statistics Canada reporting that two-thirds of all assets in Canada's economy are owned by less than one per cent of all companies; and whereas, in order to combat the existential crisis posed to us all by the global climate emergency, commentators like George Monbiot of The Guardian are saying, "We have to overthrow this system which is eating the planet with perpetual growth.”
Why then, at such a critical time as this are developers in Kitchener-Waterloo building luxury condos, presumably for the rich?
Peter Eglin, Kitchener
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