Vancouver teardown symbolic of housing market

CBC The National featured the $2.4 million Vancouver west side home that has become something of a symbol for Vancouver’s affordable housing challenges.

UBC policy professor Paul Kershaw said governments need to make other expenses such as daycare cheaper to offset high housing costs in Vancouver.

“In beautiful Metro Vancouver, it takes 23 years to save a 20 per cent downpayment for an average home,” said Kershaw. “You need to start saving before you were conceived to try and do it.”