The Star Vancouver quoted Tom Davidoff, a UBC economist, in an article about sub-prime lending in the real estate market.
“When we think about solutions to high prices, there’s build more homes, make sure people who don’t live and work here aren’t buying houses cheaply, and then make sure there aren’t crazy loans driving people who normally wouldn’t be able to buy homes pay prices they normally wouldn’t be able to repay,” Davidoff said.