The situation still arises out of an imbalance between supply and demand - not enough homes for sale for the volume of people who wish to purchase. Generational demand is colliding with that of immigrants and foreign buyers who have more resources than generational buyers. Those generational buyers that do not have financial assistance from their parents or significantly well-paid professions cannot compete with the resources coming out of places like China. There is no shortage of housing in Vancouver either but there is definitely a shortage of homes priced in the range that generational buyers can afford. The call for increased development to create 'affordable' housing, however, is a political canard. Redevelopment costs (including a plethora of government fees and regulations) are such that most new construction in Vancouver is still much beyond the means of most generational buyers. There is absolutely no doubt that generational buyers are being displaced from much of the city.