This is primarily brought on by a Canadian law which allows foreigners to purchase property in Canada, so wealthy Chinese are buying up property and using it to

This is primarily brought on by a Canadian law which allows foreigners to purchase property in Canada, so wealthy Chinese are buying up property and using it to store wealth. It's also worth mentioning that Vancouver is especially vulnerable to this problem because for 30 years now we've had 'sustainable development' policies in the city and the province that were mostly there to make it difficult for people to live south-east of the Fraser. Vancouver effectively has a 'green-belt'. Other cities would have built more highways and bridges to make it easier for people to live where they want; Vancouver tries to fix the game and incentivize living north of the fraser. But we've reached a breaking point and none of the very mild incentives on offer makes up for crushing mortgage payments and trying to raise your kids in a broom closet. The solution here is simple - build more highways and bridges into Vancouver and let people live where they want.