youthincare:[ image description is a screenshot of a meme. It is a photograph of a man’s smiling por

youthincare:[ image description is a screenshot of a meme. It is a photograph of a man’s smiling portrait by the name of Dr. Rose. There is text next to the portraits that says, “*vancouver expands housing supply continually for 15 years* *during same time period Vancouver housing prices explode to the highest in Canada* “we just need to keep building *more supply*” ] “Dr. Rose went back to the 2001 census, covering a 15-year span. He found that for each household added during this period, the region added 1.19 net units of housing. Put another way, for every 100 households that came along, Metro Vancouver added 119 net units of housing. According to census data, there are also 66,719 unoccupied dwellings in Metro Vancouver.And despite a surplus of housing stock, affordability has significantly worsened – a contradiction to the supply mantra.“I should also note that Vancouver’s ratio was the fifth highest of all 33 census metropolitan areas examined during this period – at the same time as its housing prices escalated far beyond the other markets.”https://www.theglobeandmail.com/real-estate/vancouver/academic-takes-on-vancouvers-housing-supply-myth/article37015584/Source: Unaffordable Vancouver Memes -- source link

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