Inside the ‘Growth Machine’ that Made Vancouver World Class Unaffordable

Posted by Christopher Cheung,

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Our friends over at Hawkeye Wealth sent us this fascinating article on the events that lead Vancouver’s real estate market to become the “growth machine” that it is.  ~Ed.  

For years in British Columbia, the elected powers looked at rising home prices and saw that it was good. It’s “a challenge that virtually every other jurisdiction would like to have,” said former BC Liberal finance minister Mike de Jong in 2016. Such is the gospel of growth.

In 1976, sociologist Harvey Molotch wrote of the alliance between government and the development industry to intensify land use. Molotch called it the “growth machine,” where…click here for full article.