Die Leerstandsquote in Vancouver erreicht den höchsten Stand seit den 1980er Jahren

The fact that Vancouver is only now after decades and decades touching what would be considered a healthy vacancy rate in any other major city is utterly incredible and an example of severe decades long policy failure.

This is a stat that shows how it’s not just recent changes to immigration that has caused an affordability crisis, this is a failure to act over a whole generation.

The shortage of housing in Vancouver should have been treated as an emergency at multiple periods in the last thirty years and yet no provincial or federal government acted.

I think we need to develop more of a structural
depoliticized system to move policy to maintain a healthy vacancy rate. Just the same as the Bank of Canada has a target inflation rate, we need a provincial organization with the mandate to swiftly act to try to maintain a healthy vacancy target in the province.

We’re seeing the same thing in Montreal, we went from one of the lowest vacancy rates we’ve ever had to a situation where landlords are struggling to rent their places (because they refuse to lower the rent, obviously) and loads of new condos are coming online simultaneously.

The Montreal gazette etc. are trying soooo hard to make this seem like it isn’t an extremely healthy change for the vast majority of people.