It’s all about the land, the price of dirt.
The facts and figures are discouraging for people who don’t own urban property, which in a few decades has become the greatest source of wealth in the English-speaking world.
Although land inflation is a global urban phenomenon, Metro Vancouver residents suffer from the worst from it. The cost of dirt in Vancouver, for instance, hyper-escalated by 500 per cent between 2008 and 2016.
