Recent study here in metro Vancouver just revealed that almost 25% of the new housing units constructed along rapid transit lines are sitting sold and empty:

"The Joyce and Marine Gateway areas both posted 24 per cent; Metrotown was at 22 per cent."

Andy Yan, director of Simon Fraser University’s City Program. calls these high vacancy rates on sold units a "freak show".

All this supply was supposed to address, well the alleged shortage of places for people to live, and stop their exodus to far flung suburbs or other cities.  instead they are being pre-sold, even in bidding wars, and sitting empty.

Meanwhile the vacancy rate for rentals in the city is well under one percent, and rents are escalating.

For this we are bulldozing neighbourhoods, demolishing older rental apartments, and  paving over green space? 

Urban dystopia is right.