"As is his custom, he shied away from blaming foreign investors for Vancouver's huge housing-cost increases the past five years." 

There's the entire problem, in a nutshell. 

Vision continues to deny that foreign money is what is driving up Vancouver's real estate, despite glaring evidence and widespread public acknowledgment, which includes Canada's banks and the federal government 

As long as Vision continues to trick young people into voting for them with the spin that the only way they will ever have a home is to let developers run wild, the cost of living will continue to skyrocket. 

The reality is that the luxury "investor condos" are taking up all of Vancouver's scarce land, and leaving nothing for locals, particularly young people.  The evidence is before us all.  Three terms of Vision and rampant development and prices just keep going up. 

The only thing that has moderated prices a little is the 15% Foreign Buyer's Tax.  This is what we need more of.