Possibly, but only easy to borrow money to buy homes...rather than build more ho... | Hacker News

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		dmix on Nov 10, 2016 \| parent \| context \| favorite \| on: Vancouver plans to tax empty properties 1% of thei... Possibly, but only easy to borrow money to buy homes...rather than build more homes, otherwise that'd drive prices down.

titanomachy on Nov 11, 2016 [–]

There's lots of development, but it takes time to see the effects of that. The recent spike in prices has been extremely fast, up by 20% in 2015. Also, the city has to approve any increases in density, which doesn't happen overnight. Faster than silicon valley, though.

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