Tuesday, May 13, 2014

It's not just an unaffordability index, it's real quality of life being lost

Barbara Yaffe: Vancouver house prices pushed by apathetic politicians and offshore demand
Doug McCandless grumbles that a building project can drag on for two years: “The neighbourhood is held hostage to contractors coming and going, huge messes accumulating on site with no deadline in sight.”
A year ago, University of B.C. geography professor David Ley told the South China Morning Post’s Ian Young he was surprised Vancouver hasn’t seen a political pushback.
Of course, foreign buyers are a mixed blessing, boosting the economy as they make their property purchases. And for now at least, that’s more of a priority for government than any lack of affordability.

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