That requires the government to acknowledge there is a problem and come up with a clear strategy to solve the problem.<p>The BC Provincial Government is working very hard to ignore it as a problem, where they won&#x27;t even commission studies to generate data on how bad the problem is (or isn&#x27;t). The federal government has also signaled their distancing from the Vancouver housing issue.<p>Also, the real problem is foreign ownership. Canada has some of the loosest foreign ownership laws in the world, and provincial&#x2F;federal governments do not punish foreign ownership with taxes or anything of the like. That means if you are making a lot of money in a corrupt country (China&#x2F;Saudi Arabia), the Vancouver housing market is a great insurance policy.<p>The result is you have entire neighbourhoods with no available properties, but are virtually empty (Coal Harbour), and new buildings are built small and shoddy (meant for investment, not livability).<p>My wife and I make over 100k per year combined, and we will absolutely be leaving the city when we start a family. It all stems from the fact that the local government is willfully ignoring what can be compared to a cancer. It&#x27;ll only get worse.