We all know Vancouver is an expensive city, but this study is an outright dishonest lie.
http://www.vancouversun.com/busines...es+rated+most+unaffordable/2482683/story.html
The study was flawed - Vancouver is by far nowhere near the most expensive city in the world. all the above ones plus countless others are more expenseive
The authors of the study were biased, and intentionally manipulated the data to get their end result which was to make Vancouver the most unaffordable in the world. They did it dishonestly. For example they, compared a house in city of Vancouver to an apartment in other major cities. So to quote UBC economist Tsur Somerville, "it doesn't compare apples to apples. It compares apples to oranges."
Their solution for Vancouver's affordability problem. Deregulate land use policies and remove zoning regulations. In other words, let developers build whatever they want wherever they want. And of course allow development in the ALR (well actually they want no ALR).
But what do you expect from a right-wing think tank, which is what they are.
http://www.vancouversun.com/busines...es+rated+most+unaffordable/2482683/story.html
The study was flawed - Vancouver is by far nowhere near the most expensive city in the world. all the above ones plus countless others are more expenseive
The authors of the study were biased, and intentionally manipulated the data to get their end result which was to make Vancouver the most unaffordable in the world. They did it dishonestly. For example they, compared a house in city of Vancouver to an apartment in other major cities. So to quote UBC economist Tsur Somerville, "it doesn't compare apples to apples. It compares apples to oranges."
Their solution for Vancouver's affordability problem. Deregulate land use policies and remove zoning regulations. In other words, let developers build whatever they want wherever they want. And of course allow development in the ALR (well actually they want no ALR).
But what do you expect from a right-wing think tank, which is what they are.
