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Vancouver's 'Freak Show' Property Market

May 24th, 2016

Episode 532 of 756 episodes

How did Vancouver become the least affordable city in North America? Edwin Lane reports from the Canadian city where house prices have gone through the roof. Affordability campaigner Eveline Xia and local politician David Eby outline the extent of the affordability crisis. Researcher David Ley from the University of British Columbia explains how a flood of Chinese money is fuelling price rises while and Cameron Muir, chief economist at the British Columbia Real Estate Association, questions whether foreign money is really to blame at all. City planner Andy Yan asks why cities are failing their young people and housing economist Thomas Davidoff explains why better taxes are the solution. (Picture: Downtown Vancouver, Credit: Getty Images)

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