The debate on housing supply is really about Monopoly

Bob Ransford has recently published yet another article in the Vancouver Sun repeating his mantra that the affordability crisis in Vancouver is caused by a lack of private development. The logic goes as follows: Demand for new housing is exceeding supply, yet the people of Vancouver are preventing affordability by fighting against the development industry’s bid to add more supply. “The solution is simple,” writes Ransford, “more supply equals more affordable housing.”