It turns out that if the demand is effectively infinite thanks to immigration, you can't reduce prices by increasing supply.
Edit: Patrick Condon (who wrote that biv.com article) seems terrible. Here he is opposing connecting UBC to Vancouver’s SkyTrain: https://thetyee.ca/Opinion/2019/01/29/Last-Voice-Against-Sky...
My point exactly. Meanwhile Canada has had sub-replacement fertility since 1973:
https://www.macrotrends.net/countries/CAN/canada/fertility-r...
The destruction of the provision of social housing has been a disaster.
[0] https://www.theguardian.com/society/2021/may/08/over-1m-home...
Social housing used to be famous for the government simply not following building codes (whether that meant maximum land occupancy or isolation/material standards), and disclaimed responsibility when it lead to accidents. But it made a lot of people home owners.
The reality is that they can often make far more profit by building the expensive houses first, drip feeding them onto the market, and possibly never finishing the whole estate as originally approved. It's no accident that many homes are approved but never built. It's just a small group of wily giant building firms playing the system and getting away with it.
In theory local authorities who administer the planning system should call them on it. In reality it's a David and Goliath situation. Attempting enforcement actions can result in years of expensive legal battles ultimately funded by local taxpayers with no guarantee of success even in what appear to be cut-and-dried cases.