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in Canada, like in the US, it's a lack of supply mostly because of draconian zoning and land-use policies. Chinese immigrants are NOT the primary cause of housi
by affinepplan 2y ago
in Canada, like in the US, it's a lack of supply mostly because of draconian zoning and land-use policies. Chinese immigrants are NOT the primary cause of housing cost inflation, and are likely not even in the top 10 causes.
- OJFord 2y agoI don't know or claim that it's any truer, but I thought the oft-reported reason, for Vancouver/BC especially, was Chinese investment, and explicitly not immigration even, the chief complaint that the growth has been/is expected to be such that they're left unoccupied?
- _whiteCaps_ 2y agoThis is my experience. The two houses that I share a backyard fence with are empty. A caretaker comes by once a month to have a look around one of the houses but otherwise they're unoccupied.
- qball 2y ago>for Vancouver/BC especially The ALR bans any and all significant development in BC. Land is not scarce in BC; land that it's legal to build on is.
- OJFord 2y agoOk - I'm not Canadian, idk what ALR is - I'm just saying what's disagreed with up-thread isn't what, in my experience, is the common claim (whether it's correct or not).
- qball 2y agoThe Agricultural Land Reserve prohibits farmland from being sold for housing development. It's one of the oldest modern NIMBY policies. Most of the land in BC is classified in this way.
- OJFord 2y agoWell that's not obviously bad I don't think? If Canadians want to be mad about pro-farm regulation, they should look to dairy; milk tokens, cheese availability, etc.
- hadlock 2y agoAre you saying prices didn't go up because of Chinese investors, or Chinese immigrants? I haven't heard anyone discussing immigration as a root cause