Vancouver and The Business of Housing
July 28, 2019 - Arbutus Club - Vancouver, BC
July 28, 2019 - Arbutus Club - Vancouver, BC
The University of British Columbia and the University of California, Berkeley hosted a symposium and panel discussion for the discussion of the housing crisis in the City of Vancouver. Participants in the panel discussion included: Dr. Thomas Davidoff, Stanley Hamilton Professor in Real Estate Finance & Director of the UBC Centre for Urban Economics and Real Estate; Patrick Wood, Director of Canadian Self Storage Valuation Services (CSSVS); and Jeanne Huangli, J.D., Executive Director of the International & Strategic Initiatives at the UC Berkeley Haas School of Business.
Jeanne Huangli J.D.
Executive Director, International & Strategic Initiatives, Development & Alumni Relations, Haas School of Business, UC Berkeley
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Executive Director, International & Strategic Initiatives, Development & Alumni Relations, Haas School of Business, UC Berkeley
The discussion’s theme was "Vancouver and The Business of Housing" with emphasis on the future of real estate in Vancouver, the financial framework of large projects, and housing in a university community. Professor Davidoff, Mr. Wood, and Ms. Huangli dealt with facets of the subject matter within their respective. Professor Davidoff focused on the issues of property taxes and the influence on the housing market and prices. Mr. Wood provided his unique expertise in self-storage across the country, as Canada’s leading expert. Ms. Huangli spoke about the student body of the UCBerkeley community and the need for student housing with UCBerkeley having its own crisis. All balanced on the topic of the Vancouver housing crisis.
Urban environments have challenges in common with respect to housing. Yet, Vancouver, Toronto, San Francisco, and Calgary have remarkable differences. The symposium compared and contrasted these cities. Vancouver is uniquely impacted by foreign investment. Toronto benefits (and suffers) from its being the financial center of Canada. San Francisco's housing supply is inhibited by the balkanization of municipal governments. Calgary is in the position of a buying opportunity in housing as a result of the economic cycle.
Urban environments have challenges in common with respect to housing. Yet, Vancouver, Toronto, San Francisco, and Calgary have remarkable differences. The symposium compared and contrasted these cities. Vancouver is uniquely impacted by foreign investment. Toronto benefits (and suffers) from its being the financial center of Canada. San Francisco's housing supply is inhibited by the balkanization of municipal governments. Calgary is in the position of a buying opportunity in housing as a result of the economic cycle.