[Dion]

Originally Posted by peter12

I do feel like old dumb Boomers living in the suburbs of Calgary have no idea how brutal it is for the bottom third of Canadians to even exist in either Vancouver or Toronto.

Housing is at a premium and further construction is capped by a bunch of old white hairs absolutely bent on preserving their house value at all costs because they didn't save enough for retirement.

70% of Vancouver is zoned for single-family home use only. This in a growing city with absolutely no space to expand. Any option to build townhouses or condos or rental apartments or any combination is blocked by old neighbourhood associations.

Now any of you financial geniuses want to guess what happens when supply is curtailed and demand continues to increase?