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
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: 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
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