<i>This is primarily brought on by a Canadian law which allows foreigners to purchase property in Canada, so wealthy Chinese are buying up property and using it to store wealth.</i><p>It&#x27;s also worth mentioning that Vancouver is especially vulnerable to this problem because for 30 years now we&#x27;ve had &#x27;sustainable development&#x27; policies in the city and the province that were mostly there to make it difficult for people to live south-east of the Fraser. Vancouver effectively has a &#x27;green-belt&#x27;. Other cities would have built more highways and bridges to make it easier for people to live where they want; Vancouver tries to fix the game and incentivize living north of the fraser. But we&#x27;ve reached a breaking point and none of the very mild incentives on offer makes up for crushing mortgage payments and trying to raise your kids in a broom closet. The solution here is simple - build more highways and bridges into Vancouver and let people live where they want.