Originally posted by Buster
I find the whole concern a bit bizarre, to be honest.
If property values are so high, then development is encouraged, and supply should increase to reflect demand. This assumes people are smart enough to understand that renting can be smarter than buying.
The market should still be capable of solving this problem without government intervention. (Although gov't intervention in the form of interest rates etc is unavoidable I guess).
Originally posted by guessboi
^ There is no more land in central Vancouver = no more excess supply.
Just to chime in... Developments are being planned and going up everywhere. Not sure about single family homes, but condo developments are going up everywhere.
Last two trips I've been out there I was on a little "development tour". Being used to the slow pace of Calgary, I was pretty surprised.
Sig was pwned by Moderator!