Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
The end of 2017 was a busy time for policy efforts to address the housing-affordability crisis in Canada’s most expensive region.
In November, the City of Vancouver announced a new housing-affordability strategy. But in December, it rejected a much-needed effort to rezone some of the most valuable land in North America for more flexible housing options.
Meanwhile, Statistics Canada released new data showing non-residents own 5 per cent of residential property in Metro Vancouver, and nearly 12 per cent of condominium units in the City of Vancouver.