> is really treated as a "safe place for cash" from foreign buyers, it can cause prices that are out of whack with the intended purpose of a home as being place to live.
> you're likely going to want to put it into areas that are already supply constrained
These are the primary arguments for building more. Build enough and you will drive prices down, and with it the reputation of Vancouver's housing market as a safe store of value.
Housing can be cheap and not seen as a substantially valuable investment if we simply build to meet demand. Densely of course - something other than 20+ floor apartment buildings would be nice.
> you're likely going to want to put it into areas that are already supply constrained
These are the primary arguments for building more. Build enough and you will drive prices down, and with it the reputation of Vancouver's housing market as a safe store of value.
Housing can be cheap and not seen as a substantially valuable investment if we simply build to meet demand. Densely of course - something other than 20+ floor apartment buildings would be nice.