Yet another housing report has been released. This one from the Urban Development Institute (UDI) pointing the finger at Vancouver City Hall. Saying they are simply not doing enough to address the housing supply shortage in the city. It recommends the city start green lighting more development and remove many of the barriers that are currently limiting the supply of new homes.
I would agree with UDI however there are other factors to blame as well including the NIMBY (Not in my back yard) as well as the Provincial and Federal Government.
The bottom line is that all levels of Government have tried limiting demand through taxes and restrictions and it has had little to no effect. It may be time to try increasing supply instead.