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I always wonder how increasing supply will actually help affordability.
I understand the basics of supply and demand. But if the cost of land and construction in Metro Vancouver just way too high to begin with, the final selling price will almost never be "affordable" to most, unless the governments heavily subsidize it, which they will never do.
Look at Capstan Rd, No 3 road, and even Oakridge Mall. They are building 2000 units at Oakridge alone, right next to rapid transit and a mall underneath! But when all of them are priced at $1200 psf, how is that supposed to help affordability, I have no idea.
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