A new City of Vancouver proposal to start addressing the city’s scourge of speculation-driven housing vacancy is in the news. The municipal government wants to comprehensively identify vacant houses throughout the city, building on important work being done by the grassroots group Beautiful Empty Homes but leveraging governmental data (namely from BC Hydro) that the public doesn’t have access to.
I spoke to a number of news outlets about the proposal yesterday, starting with the Vancouver Sun, which focused on the spectre of xenophobia in discussions of Vancouver’s expensive property market. As I argued, though, the major issue here isn’t whether it’s foreigners buying houses or other Canadians, it’s that Vancouver’s housing market isn’t strongly connected to the local economy, and speculators buying properties but not living in them just makes that problem worse:
“The problem in Vancouver is that demand for housing doesn’t have that…
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