From Vice:

Vice

Surreal Estate – Part 1: Inside Vancouver’s Skyrocketing Housing Market

Vancouver, BC is a town built on real estate. And for seven years running, it has also been ranked as the least affordable city in North America. While some cities boast lively arts or hip-hop scenes, Vancouver is home to one of the most insane property markets in the world—a place where decades of global capital, lax regulations, and government indifference have transformed it into a city of displaced renters, empty condos, and multimillion-dollar teardowns.