Vancouver is one of five metropolitan areas in Canada that recorded sharp year-over-year increases in housing starts in August, according to figures released Tuesday by the Conference Board of Canada.
Tagged: Urban Economics
What drives Vancouverâ€™s house prices so relentlessly to levels four times higher than Winnipegâ€™s, and more than half again what Torontonians pay?
Itâ€™s simple, says Tsur Somerville of UBC Centre for Urban Economics and Real Estate.
â€œIf you want Winnipeg-level house prices here, all you have to do is tear down the mountains and fill in the ocean.â€