Raw land particularly close to urban areas is an important resource that requires the same careful management that you would apply to forestry, mining or any other natural resource that is not renewable.
The Saanich Peninsula with it’s large agriculture land base and limited raw land for housing is facing future problems partly because of poor land management.
The narrow strip of land along the north end of the Peninsula had the potential to supply the future housing needs for Greater Victoria for the next 50 years but within five years the land was split up into large lots and used up. Allowing the land to be used up in such a short time span was truly mismanagement but resulted in a quick profit for the developers.
It’s no different than shipping raw logs or unrefined oil. Take the quick profit today and we will worry about the future tomorrow.