Fretting and finger-pointing won’t fix a housing market suffering from spiraling prices and insufficient supply. At some point reality must be acknowledged. Nowhere is this problem more acute than in Vancouver, one of the world’s most overpriced real estate markets. Politicians say they want to improve affordability – and then pile on tax after tax. Bureaucrats say they want to help get things built – and then suffocate the approvals process with layers of unnecessary regulations. Residents tell pollsters they want more housing – and then fight tooth and nail against projects in their own neighbourhood. Through the eyes of embattled homeowners, market experts, politicians and industry players, Doug Firby surveys the hypocrisy of Vancouver’s broken housing landscape and finds practical ways to overcome it. Part Two of a special series on Canada’s housing crisis (Part One
can be read here).