Well, I will quote my daughter who lives in London. "Wow, Vancouver rents and prices are so cheap, must be nice". Point made - the drive to build more, house more, become world class, is never going to decrease property values and with a good economy, mild weather, sea and mountain location added in, the City will be talking "affordability" into eternity. There are only 2 types of housing, market and subsidized. Affordable is a variable, different for each person. Trying to manipulate the market with policy is a fool's game. Better to go directly to subsidized if you want to house those that cannot compete in the market.
Well, I will quote my daughter who lives in London. "Wow, Vancouver rents and prices are so cheap, must be nice". Point made - the drive to build more, house more, become world class, is never going to decrease property values and with a good economy, mild weather, sea and mountain location added in, the City will be talking "affordability" into eternity. There are only 2 types of housing, market and subsidized. Affordable is a variable, different for each person. Trying to manipulate the market with policy is a fool's game. Better to go directly to subsidized if you want to house those that cannot compete in the market.
It’s all relative, especially when it comes from a relative😎