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Policy Forum: Reflections on the Greater Vancouver Real Estate Market—A No-Win Situation for Government Policy

Author

Listed:
  • Hugh Woolley

    (Lewis & Company, Vancouver)

Abstract

This article provides a non-academic's perspective on the Greater Vancouver housing market and the federal government's recent attempts to address housing affordability, including various tax measures contained in the 2022 budget. The author explains why macroeconomic factors are far more relevant than government policy in determining affordability in a region where the average cost of all types of housing exceeds $1.2 million.

Suggested Citation

  • Hugh Woolley, 2022. "Policy Forum: Reflections on the Greater Vancouver Real Estate Market—A No-Win Situation for Government Policy," Canadian Tax Journal, Canadian Tax Foundation, vol. 70(4), pages 815-825.
    • Handle: RePEc:ctf:journl:v:70:y:2022:i:4:p:815-825
    DOI: https://doi.org/10.32721/ctj.2022.70.4.pf.hwoolley
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