Why Vancouver housing is unaffordable and what to do about it

Why Vancouver housing is unaffordable and what to do about it.

from The Vancouver Sun and quoting in part:

But Yang and his wife, who earn strong incomes in Los Angeles while bringing up their child, doubt they will ever be able to follow a dream to return to the West Coast Canadian metropolis.

“Vancouver’s become a city where no middle-class family will ever be able to afford purchasing a stand-alone house in the city. I find it sad that the only people who can afford the housing prices today are extremely rich, usually from offshore, and often able to buy in cash.”

Yang is far from alone in his dejection. University of B.C. geography professor David Ley has found great “private anguish” among Metro Vancouver’s ethnically diverse residents, especially young families, struggling to pursue decent housing.

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