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High-Income Earners Are Renting Instead of Buying Homes

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CHAPTER

The Challenges of Securing a Rental Market

In Vancouver, to have a house is to basically be sitting on a gold line. That creates a lot of artificial interventions that people are willing to buy properties. 18,000 condo units built in Vancouver between 2018 and 2020 were put on the rental market when they introduced a vacancy tax. But even in our smaller communities, we have rental shortages.

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