text: ..."Still, the least-affordable place to purchase a home remains the Vancouver area, where affordability worsened after two straight quarters of improvement"...
  
  That is because price for sf detached dipped after implementation of the 15% foreign buyers tax.
  
  The BC Liberals then softened the tax, the market found ways around it, or accepted it as a cost of doing business, and prices have since gone back up.
  
  Meanwhile anything affordable, like townhouses or condos, continue on a double digit price trajectory, with some areas seeing yearly gains of almost 40%. 
  
  Overseas pre-sales (and sell outs) of entire projects continue. The rental vacancy rate is less than 1%, not only for the CoV, but for surrounding cities.. 
  
  The commodification of housing continues.  Housing units in Richmond's downtown core are almost 50% sold and empty, and new build condos on major transit in Vancouver, like Marine and Cambie, are 30% sold and vacant.
  
  Who are we building housing for?