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SenAnder | karma 1378 | avg karma 3.38 · 2023-09-05 17:33:36

Vancouver tripled its housing supply, but housing affordability got worse: https://biv.com/article/2023/05/patrick-condon-behold-vancou...

It turns out that if the demand is effectively infinite thanks to immigration, you can't reduce prices by increasing supply.

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jlev1 | karma 116 | avg karma 8.92 · 2023-09-05 17:42:36

Tripled its housing supply since 1960 according to that article. Meanwhile Vancouver’s population went up by more than 4x. So it doesn’t seem surprising affordability would get worse!

Edit: Patrick Condon (who wrote that biv.com article) seems terrible. Here he is opposing connecting UBC to Vancouver’s SkyTrain: https://thetyee.ca/Opinion/2019/01/29/Last-Voice-Against-Sky...

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SenAnder | karma 1378 | avg karma 3.38 · 2023-09-05 17:57:49

> Meanwhile Vancouver’s population went up by more than 4x.

My point exactly. Meanwhile Canada has had sub-replacement fertility since 1973:

https://www.macrotrends.net/countries/CAN/canada/fertility-r...

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rs999gti | karma 564 | avg karma 1.13 · 2023-09-05 20:20:26

The Canadian government has direct controls to slow or stop immigration