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Vancouver tripled its housing supply, but housing affordability got worse: https://biv.com/article/2023/05/patrick-condon-behold-vancouver-where-there-are-housi
by SenAnder 3y ago
Vancouver tripled its housing supply, but housing affordability got worse: https://biv.com/article/2023/05/patrick-condon-behold-vancouver-where-there-are-housing-solutions-be-found https://biv.com/article/2023/05/patrick-condon-behold-vancou...
It turns out that if the demand is effectively infinite thanks to immigration, you can't reduce prices by increasing supply.
- jlev1 3y agoTripled its housing supply since 1960 according to that article. Meanwhile Vancouver’s population went up by more than 4x. So it doesn’t seem surprising affordability would get worse! Edit: Patrick Condon (who wrote that biv.com article) seems terrible. Here he is opposing connecting UBC to Vancouver’s SkyTrain: https://thetyee.ca/Opinion/2019/01/29/Last-Voice-Against-SkyTrain-to-UBC/ https://thetyee.ca/Opinion/2019/01/29/Last-Voice-Against-Sky...
- SenAnder 3y ago> Meanwhile Vancouver’s population went up by more than 4x. My point exactly. Meanwhile Canada has had sub-replacement fertility since 1973: https://www.macrotrends.net/countries/CAN/canada/fertility-rate https://www.macrotrends.net/countries/CAN/canada/fertility-r...
- rs999gti 3y agoThe Canadian government has direct controls to slow or stop immigration