There's no supply shortage.  I've been living in an emptying neighbourhood in Vancouver's west side, where my MP, Joyce Murray, has Chinese writing on her mail outs to make the non-resident home owners feel welcome and where the same homes get sold several times in a few years.  And then there's downtown, with empty condo towers.

Well, there is a shortage of condos that are large enough for a small family with a child or two..  Vancouver builds only bachelor suites or one or two bedroom tiny condos, many of which are not even marketed in Vancouver (e.g. some new developments on Dunbar).