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Douglas Todd: The hidden factor behind why more housing supply didn’t lower B.C. prices

An overflow of housing investors, domestic and foreign, threw off the usual laws of supply and demand. The harm done to Vancouver has been 'extraordinary,' say researchers. Still, the debate won't die

The chart in the University of B.C. study startles in the way it shows how Vancouver has suffered in regard to housing affordability compared to 50 large U.S. and Canadian cities.

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The chart shows that over six decades, Vancouver built new housing supply faster than almost any other major city on the continent — but still endured the most rapid rise of all in unaffordable housing.

The UBC authors of the report, Patrick Condon, Thomas Kroeker and David Ley, say their findings counter arguments of many provincial and civic politicians as well as the........

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