I was fortunate to be recently interviewed by Angela Jung of Global News on housing affordability in Canada.
A recent RBC report highlights Vancouver’s alarming housing affordability crisis, depicting a city grappling with soaring prices and dwindling options for its residents. The study, conducted by the Housing Research Collaborative, sheds light on the dire situation faced by many Vancouverites, where owning a home has become an increasingly distant dream.
In the interview, I underscored the severity of the crisis, emphasizing the acute challenges facing prospective buyers particularly first time home buyers in Vancouver.
My comments underscore the urgency of addressing Vancouver’s housing affordability crisis, warning of its profound socio-economic implications. As Vancouver grapples with this pressing issue, policymakers, uniformly negligent in their duty to create the conditions to build enough housing, are under mounting pressure to implement effective measures to alleviate the burden on residents and ensure the city remains accessible and livable for all.