The problem there is the &gt;90% of people in Vancouver who aren&#x27;t in high paying tech fields. It&#x27;s pretty difficult to say &quot;just triple their wages and they&#x27;ll afford houses no problem.&quot;<p>The real issue is property owners know someone will eventually come along and pay whatever they&#x27;re asking. If wages were to dramatically increase, they&#x27;d never stop and think, &quot;Yeah, I think I&#x27;ll cap rent at $3000&#x2F;month because I&#x27;m a nice guy.&quot; They&#x27;ll gladly take $4000 if they can and never settle for less once they hit that point. Instead of considering lowering rents, they&#x27;ll ask why you just don&#x27;t get paid more.