[goldenboi]

Development shouldn't stop if prices lower. You don't need to sell million dollar condos to make money. Many other cities with lower land values still have lots of development. Unless building costs are astronomically higher in Vancouver (which I believe they are), in which case we should be having a discussion about how to lower building costs, rather than worrying about prices falling.

One of the most effective measures that we could take to alleviate the housing crisis would be to make it easier for small developers to build missing middle housing types. I cannot emphasize this enough. Eliminate parking minimums - San Francisco is doing it. Allow rowhouses in every neighbourhood - Minneapolis is doing it (well kind of). Get rid of the excessive restrictions that cripple architectural creativity and make it possible for only the largest developers to operate in Metro Van. Does anyone else feel like the real estate market is exhibiting some frightening oligopolistic characteristics?

Yikes