Coming & Going

One of the latest higher-profile additions to the list of causes and consequences of Metro Vancouver's rapidly-changing housing market--including, among other things, foreign investors, vacant homes, speculation, land availability, and the loss of older purpose-built rental product--is the notion that high and rising home prices are forcing millennials out of the region in search of more affordable accommodation.

While much ado continues to be made about this apparent phenomenon, the data do not support such a supposition. Both Andrew Ramlo and Ryan Berlin have previously spoken about this (here and here), and now David Baxter has penned a thorough report detailing the true story told by the data as it relates to the movement of young people to and from Metro Vancouver.

The full version of David's report can be found here; a summary of his report, and others, can be accessed here

Enjoy, and have a safe weekend!