In general this is good policy, but I agree it is a very partial response. Other things are needed. (i) A resurgence in the co-op movement, housing co-ops can be a compelling alternative that works very well for families. (ii) Zoning and taxation changes that encourage investment in three, four, even five bedroom rentals. (iii) Simpler permitting and more openness to creative design alternatives (OK won't necessarily help affordability, but will make Vancouver a more interesting place to live). We also need massive investments in real transit solutions so that people are not forced to spend money on cars (an expensive depreciating asset). A $20 minimum wage may also be needed.