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B.C. government’s $2 billion building plan won’t solve Vancouver’s housing affordability crisis
The Horgan government plans to build 9,000 housing units for middle-income earners. ...
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If millennials have no money, how can house prices be high?
As I was driving to the federal budget lockup in Ottawa Tuesday morning, CBC’s The Current was running a discussion of the problems millennials are having “trying to get a foot on the property ladder.” The news hook was that, judging by ...
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Housing in Vancouver—the city can’t be both low-density and affordable
Appeared in the Vancouver Province, May 4, 2017 Housing prices in B.C. have caused a media frenzy, as analysts, pundits and activists wrestle with how to improve affordability in Vancouver. So far, the discussion has fixated on foreign buyers, speculators ...
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Ontario opposes foreign buyers tax, but housing affordability must be addressed
Appeared in Toronto Sun, November 6, 2016 Ontario Premier Kathleen Wynne has announced that the province will not introduce a property transfer tax on foreign buyers, similar to that introduced in British Columbia. The premier and her government should be ...
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Governments should care what Ontario homebuilders think about regulation
Appeared in the Globe and Mail, October 6, 2016 Housing headlines are everywhere. Federal Finance Minister Bill Morneau recently announced a raft of housing reforms. Ontario Premier Kathleen Wynne and Toronto Mayor John Tory recently rang alarms bells on ...
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Artificially lowered interest rates major cause of increased housing prices
Housing prices in Vancouver have gotten a lot of attention over the last few years. According to Demographia, the City of Vancouver is the most expensive place to live in North America, with a median income of $69,700 and a median home ...