5 ms·
This is not the reason. The reason is a supply shortage caused by bad policy that restricts building. This might have some tiny impact on it, but is not the roo
by zip1234 5y ago
This is not the reason. The reason is a supply shortage caused by bad policy that restricts building. This might have some tiny impact on it, but is not the root cause. In Vancouver they did a tax on property speculation. Prices continue to rise because demand > supply and Vancouver has the same dumb policies as in the US.
- beaconstudios 5y agoThat can also be true, but let me point to this: https://openhousing.ca/2020/12/30/vancouver-empty-homes-crossed-30000-mark-this-year/ https://openhousing.ca/2020/12/30/vancouver-empty-homes-cros... That's a lot of un-lived-in houses.