> This is by design. The Vancouver market is aimed at rich foreigners trying to park questionnably acquired assets in a western jurisdiction. Of course Vancouv

> This is by design. The Vancouver market is aimed at rich foreigners trying to park questionnably acquired assets in a western jurisdiction. Of course Vancouver’s market is appealing, but it’s not because of foreign induced demand. Do you know anybody who doesn’t want to own a home here? 96% of housing purchased in BC is traceably domestic. There simply isn’t enough housing to meet the demand even amongst domestic buyers! > Why would they? They cost more to build, Create more supply They only cost more to build because of zoning bylaws. I’m not a building contractor but I have to imagine the cost per square foot is much lower for a low rise if you don’t have to factor in Comprehensive Development permits and community feedback sessions. Making development more financially accessible would also create new opportunity for smaller developers. It is Vancouver that has created the problem for itself, which creates the right circumstances for foreign investment to be lucrative, but it is very easy to solve. Just flood the market with supply.