BY ANNE MCMULLIN, SPECIAL TO THE VANCOUVER SUN JUNE 8, 2015
The math can’t lie. The city of Vancouver sits on 115 square km of the most beautiful land in the country; that hasn’t changed in more than a century and it’s not going to.
Yet, in the decade between 2001 and 2011, Vancouver’s population rose by 69,000 people; while the number of homes rose by just 28,000. Within the current 265,000-household total, only 47,000 are single-family homes of the sort coveted in the #donthave1million campaign.
There can be no clearer explanation for why Vancouver house prices are the highest in the country: We have a rising number of people bartering for a declining resource. No amount of innovative tax policy or draconian restriction on investment or speculation is going to turn that tide.
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