Policy Forum: Reflections on the Greater Vancouver Real Estate Market—A No-Win Situation for Government Policy

12 Pages Posted: 2 Feb 2023

Date Written: 2022

Abstract

This article provides a non-academic’s perspective on the Greater Vancouver housing market and the federal government’s recent attempts to address housing affordability, including various tax measures contained in the 2022 budget. The author explains why macroeconomic factors are far more relevant than government policy in determining affordability in a region where the average cost of all types of housing exceeds $1.2 million.

Keywords: Affordable Housing, Home Ownership, Housing, Immigration, Interest Rates, Vancouver

Suggested Citation

Woolley, Hugh, Policy Forum: Reflections on the Greater Vancouver Real Estate Market—A No-Win Situation for Government Policy ( 2022). Canadian Tax Journal/Revue fiscale canadienne, 2022, Vol. 70, No. 4, p. 815-825, Available at SSRN: https://ssrn.com/abstract=4343974

Hugh Woolley (Contact Author)

Lewis & Company

Suite 1610 Guinness Tower
1055 West Hastings Street
Vancouver, British Columbia V6E2E9
Canada

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