Vancouver housing

Thierry Dosogne via Getty Images

Canada's Housing Market Crisis Is Your Fault

The first time I heard the line "you're not stuck in traffic, you are traffic" I immediately liked it. People tend to ignore their participation and impact on a situation and often believe things are happening to them, not because of them. I wanted to explore this concept as it applies to the Canadian real estate, specifically the Vancouver and Toronto metro area housing markets.
Metro Vancouver is a highly desirable area to live, surrounded by mountains, water and easy access to the United States and Asia. Also attractive are the region's mild climate, safe environment and recreational outdoors activities. Because of its desirability, immigration from within the country and from overseas continues to grow which in turn affects the demand for housing.