Is BC’s Housing Downturn a Welcome Rebalancing?

Slide 1:
๐Ÿ  BC housing shock โ€“ Prices still sky-high, but renter vacancy rates finally rising.

Slide 2:
๐Ÿ“ˆ Decades of boom โ€“ Detached homes hit 25ร— median income in 2018, now 19ร—.

Slide 3:
๐Ÿ’ฐ Speculation craze โ€“ Investors flipped condos; foreign buyers fueled bubble before 2017.

Slide 4:
๐Ÿ—๏ธ Upzoning paradox โ€“ Denser buildings rise, but land costs and developer profits also soar.

Slide 5:
๐Ÿ› ๏ธ Real solution missing โ€“ Non-market housing only 4% of stock; real affordability still elusive.


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