https://dailyhive.com/vancouver/broadway-plan-vancouver-rental-housing-tower-proposals
Montreal & Seattle have both grown into 4 million + metropolitan regions. They have longer trains for more capacity, wider bridges & taller buildings than what is allowed in Vancouver. Over the past several decades, Vancouver kept putting in more restrictions & red tape as a sort of, HOLD BACK THE CITY agenda. Thus, keeping things as small and backward as possible in Vancouver helps to maintain the small city symbolism & mentality. This symbolism is meant to be a constant reminder of the reluctance to build up a proper level of infrastructure.
On a larger scale, Canada is still nowhere of close to containing 1% of the world's population. It's a simple formula, allow a small amount of refugees or migrants in every year, but have a main focus of bringing in a wealthier & highly skilled demographic. Most of the world's human population consists of non-white people. Thus, if ever a KEEP CANADA SMALL, IT'S GOOD FOR THE ENVIRONMENT mentality is firmly established, it's just another variation of the KEEP THEM OUT AGENDA.
Such an agenda should be challenged. Especially, when several other countries are able to contain more people on less land area. The old colonial mentality was partially about reducing the influx of non-white people & limiting their rights.
Luxury housing isn't the problem, it's the lack of building more affordable housing that is the problem. If developers are willing to have some mixed income housing projects on some sights, then they should be granted permission to build the more profitable taller Toronto, Melbourne, Sydney & Brisbane size towers.
However, the KEEP VANCOUVER SMALL & BACKWARDS agenda has been so firmly entrenched for several decades. It's part of the larger, KEEP THEM OUT agenda. There has been such a slow growth agenda in BC throughout its history. This BC agenda never seemed to catch on with Alberta & Washington State.