It's worth noting that in Vancouver and the suburbs of Metro Vancouver developers are constantly building lots of buildings all the time. It's completely unlike

It's worth noting that in Vancouver and the suburbs of Metro Vancouver developers are constantly building lots of buildings all the time. It's completely unlike SF. There's cranes everywhere. I think there's more to the issue than it simply being a very basic supply and demand problem. The sort of supply desired (the cheap sort!) isn't arriving. It seems that even the experts and academics struggle to arrive at a coherent explanation of the problem, let alone a solution so I certainly don't have one. However other contributing factors that are frequently brought up that seem like they could have an effect are: * Difficult to build "cheap" buildings in Vancouver deriving from various city hall rules and low flexibility in what forms of housing one can build. * No Federal tax support for low income housing or apartments results in developers only building luxury condo towers. * No political interest from both Province or City in any changes in legislation or city zoning which could possibly lower people's property values. As well the most incredibly expensive real estate is in single family detached housing, which Vancouver (city proper) can never make more of.