About this episode
Vancouver is just one of many cities in Canada in the middle of a housing affordability crisis. This week, B.C. Premier David Eby floated a new plan that would mean some big changes.
In Greater Vancouver, the benchmark price for a single family home is over $1.8 million, and rents have gone up too. An average 2-bedroom apartment rents for $2,000 a month – if you can find one, with vacancy rates around one per cent.
Today, Mike Moffatt, an Assistant Professor at the Ivey Business School at Western University, takes us through B.C.’s new plan and whether the policy could provide a roadmap for the rest of the country.
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