Blame politicians for Metro Vancouver’s housing price crisis

A Vancouver Sun column focused on a new study by UBC geographer David Ley, which links Metro Vancouver’s affordability crisis to economic stimulus measures.

The study, published in The International Journal of Housing Policy, highlighted the rapid rise of detached-home prices following governments’ efforts to attract wealthy immigrants and investment from East Asia.

“Vancouver, the closest major city to East Asia and with a high quality of life, is the most popular destination, especially for the wealthiest investor newcomer,” said Ley.