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Douglas Todd: The Wild West in BC housing is mostly over, but the devastation goes on (Vancouver Sun)


Opinion: Foreign capital pours into the housing markets of 'gateway' cities like Vancouver. Local wage earners are left behind, explains a penetrating new book.

The New York Times told the world about B.C.’s unusually grim housing crisis last decade when it ran articles with headlines such as the “Housing Frenzy that Even Owners Want to End” and “The Wild West of Canadian Political Cash,” which looked at developers’ outsized influence on governments.

Those years of out-of-control, largely unregulated property investments, which caused drastic unaffordability in Metro Vancouver, are captured in bold, and sometimes painful, detail in a new book by David Ley, a University of B.C. geography professor emeritus ...

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