I personally believe, that the solution to the real estate affordability crisis, is not lowering prices. It’s access to the market.

Although lowering prices would solve the affordability issue, the problem with the idea that prices will decrease to affordable levels, to let’s say pre-2009 (i.e. 20%-50% for a Vancouver single detached home), is unrealistic. Market forces, like construction costs, which have doubled in recent years, would mean that building a home, not including the price of land, would cost a few hundred thousand dollars to build a home ($357/sqft on a 2,500 home would cost $892,000).

More importantly, nobody…

Julien Jacques

Startup enthusiast, realestate guy and wannabe designer.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store