Affordability and Supply, are these not too different problems? Anything developers are building are selling out. What does this tell you.
The city needs to fast track developments and approve developments flooding the market with a new supply of inventory. Builders will incur reduced development costs and be able to pass along savings. Dragged out development processes mean less and less affordability. Whenever there is an oversupply of anything...........prices eventually decrease.
Or, we can just impose additional speculation taxes! Drive out people that support businesses, pay insurance, use public transit, dine at restaurants and love BC.
Impose a reasonable Capital Gains Tax. How can it be fair to attack those that have supported local tax bases for years having family cottages, houses or homes. Just like the auto industry, the spin off from the principle business is countless.