Many of our previous guests on the show have argued that the solution to Vancouver’s housing affordability crisis is to increase supply. Our guest on the show this week believes supply alone is not enough to solve this issue and that the real solution lies in curbing demand.
At the core of it, curbing demand is all about foreign ownership, or more specifically, foreign money.
My guest this week is Assistant Professor at the School of Public Policy at Simon Fraser University, Joshua Gordon. In this episode, Josh and I discuss his recent housing affordability report which explores the problem and offers some solutions.
Personally, while I agree that there is an influx of foreign money in the market, I don’t entirely agree that curbing demand is the solution to the housing crisis. However, it was very interesting to have a conflicting voice on the show, with a very well researched perspective.
If you’re interested in what Josh has to say, you can find more commentary from him below:
Josh’s case for taxing foreign home buyers
UBCM conference takes on the housing crisis
Josh’s housing affordability report
If you have any questions or any guests you would like us to interview, email us at email@example.com.
Keith Roy – Personal Real Estate Corporation, RE/MAX Select Realty.