Extracting 10 percent more each year out of renters who on average increase their income by only 3 percent is not an avenue that gets you to affordability - sadly.

M comments on the Vancouver Broadway plan last night to council.

Here is the headline:
Adding new rental housing supply along the Broadway corridor will not lower rents.

Sadly, the city is currently in the grip of a false real estate dogma: prices are high because supply is constrained, they say.