What is the issue?The affordability of housing in Vancouver has been a hot topic of conversation and the subject of many news stories in the past year. Watch the video on the right to get a quick overview of the issue.
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The cause of unaffordable housing? |
Some people believe that investors from other countries (mainly China) are investing in homes in Vancouver, but often not living in them. They believe that people are simply using homes as investments, a place where they can keep their money safe. First, watch the news story by clicking on the video to the left. Next, read the following news story for more information by clicking the button below.. |
But not everyone agrees money from non-resident investors is to blame. Read the following news story to see another opinion on the matter. This editorial (opinion article) in the National Post argues that some of it may be investors, but another cause of the high cost of housing is simply high demand for homes, and a low supply of available homes for sale.
Possible Solutions?Some possible solutions have been proposed by economists. Click here to read an article outlining what other cities have done and what could be a possible solution. Next, watch a video outlining other possible solutions.
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Join the discussion!
Now that you have a good idea of of the issue, the possible causes, as well as the possible solutions I want to hear what you think! What do YOU think is the best solution to the problem?
Housing is unaffordable, what can be done to solve the problem? Click on the button below to add your thoughts. Please support your opinions with reasons. You can refer to anything you have read or seen in the story to support your thinking. You can even do more research and reading before commenting on the discussion. Your response should be 150-200 words.
Housing is unaffordable, what can be done to solve the problem? Click on the button below to add your thoughts. Please support your opinions with reasons. You can refer to anything you have read or seen in the story to support your thinking. You can even do more research and reading before commenting on the discussion. Your response should be 150-200 words.