Supply and Demand: A Quantitative History of BC Home Prices
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- Growth in home prices is a function of many factors and those factors do not always impact prices to the same degree
- Shocks to housing demand and interest rates are the largest contributors to fluctuations in home prices, but provincial and municipal governments have limited to no ability to control these factors
- Policies to increase the overall housing stock and grow the supply of residential listings would be enormously beneficial to controlling future price growth
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