Keeping Up with Demand
(click the title for the news article)
TheTyee.ca
"It is quite interesting to hear the discussions about affordability. It is actually a very simple issue. There are only two things that influence price -- supply and demand,"
Blaming it on foreigners is an embarrassment. The three things we need to do to get control of housing prices are supply, supply, supply."
A reader's comment:
The only way to get to affordable housing is to put more units on the land which means building upwards= highrises. The cities appeal internationally has moved the affordable break-point past ground level densification.
http://thetyee.ca/News/2012/03/19/Vancouver-Housing-Demand/index1.html
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