"...unfettered speculation, fuelled by global wealth looking for asset investments, drives Vancouver land costs up so high they erase savings that can be delivered by building many units on a parcel instead of a few.
That’s why, [Prof. Patrick] Condon says, new towers keep rising but their units cost the same as surrounding housing rather than pressuring price drops. If we don’t get a handle on land price super-inflation, he argues, we can’t deliver affordability."
https://spacing.ca/vancouver/2024/07/24/why-housing-costs-are-so-high/
Harold Jarche
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2025-11-14 21:12:51 UTC
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2025-11-14 21:12:51 UTCEvent JSON
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