Incorrect. There are affordable homes outside city of Vancouver. Vancouver itself is now rezoning for multistory units and converting shed into housing. Buildi

Incorrect. There are affordable homes outside city of Vancouver. Vancouver itself is now rezoning for multistory units and converting shed into housing. Building more supply when you have inelastic demand is unrealistic and will do nothing to the price. As I've said it is the banking relationships of those multimillion dollar homes that is fueling this speculative bubble from locals + foreigners. The only way to attack this problem is to start from the root. Banks are incentivized to give HELOC because many Canadian retirees are relying on it for their livelihood and why would banks kick their own bee hive. If you lived here for 2 years then you would know where False Creek is and why building 20,000 units around one of the most expensive area is NOT going to result in trickle down effect like most are claiming. I'm suggesting rental controls that is on a sliding scale based on income NOT based on how long you lived in Vancouver which is what a certain political elements are trying to pull. If somebody is making 60k/year they are not going to own homes period and its irresponsible to give them that insane leverage without auditing. Somebody making 600k/year should own homes because the sliding scale model would make their rental expensive. Your other point conflating low income as criminals is another attempt to shove words in my mouth. I said these rental units attract criminal elements not that poor people are committing crimes (as you wrongfully assumed). If you lived here you would know these are kids from upper middle class joining gangs and becoming drug dealers. I don't have an answer to why that is. Could be the result of pluralnational dynamics creating isolated disenfranchised second gen. If you wish to have a worthy discussion that will yield new insights I'm all ears but so far all I've seen people attacking me, they are purposefully infatuated with their own fixed (incorrect) workings of supply & demand (elastic) to a highly inelastic demand market.