[cmrdporcupine]

This is not like the Bay Area. Vancouver has grown upwards and increased density aggressively for the last 20 years. But the housing market in Toronto and Vancouver didn't go through a correction like the US did in 2008. Constantly low interest rates, high immigration rates, and high foreign investment has led to astronomical housing prices and an unaffordable market.

[Pxtl]

To be fair, there are a lot of areas of Vancouver holding on to suburbanity far longer than they should. When you have rail transit stops surrounded by low-density bungalows, you can tell NIMBYism is winning.