Most gateway cities are prone to wildly unstable housing, but there is one place that’s figured it out
For anyone interested in a crash course on the recent history of Vancouver’s housing crisis, they need to look no further than the work of professor David Ley.
In 2010, Prof. Ley wrote a seminal book, Millionaire Migrants: Trans‐Pacific Life Lines, on the impact of large amounts of cash poured into Vancouver’s property market following Expo 86. Now, he’s released a follow-up book, Housing Booms in Gateway Cities, which looks at cities that are disproportionately impacted by real estate investment.
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