Dec
13
Vancouver Home Prices Jump a Quick 40%. So Why Is No One Building?
By-
Solutions have focused on capping demand, not boosting supply
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Livable but unaffordable, Canadian cities risk boutique status
When something becomes more expensive, people will produce more of it. According to that pillar of Econ 101, new homes should be springing up all over Vancouver. Which they aren’t.
The property market on Canada’s west coast is one of the world’s hottest, or most unhinged, depending on your perspective. From local tech whizzkids to wealthy Chinese scouting for safe havens, and other investors just seeking returns on a quick flip, demand for Vancouver houses seems endless. Meanwhile, thanks to strict land-use rules and lobbying by existing homeowners, supply has stalled…
Vancouver Home Prices Jump a Quick 40%. So Why Is No One Building?
