Options housing strategy good for Vancouver?

I really enjoyed an article in the Tyee series A Home for All, on affordable housing.  Toronto developer, Michael Labbe, declares

“Housing is the one area of social need that creates wealth,” he explained. “All the housing solutions we have created to date have tended to bury that wealth. This system makes that wealth available to many, because every purchaser helps expand a permanent solution to housing,” he said.

“I’m absolutely convinced that, either quickly or slowly, we are going to eliminate housing as a problem in Canada.”

I believe the Tyee article, Homes that Cost Less than Rental is a great contribution to the conversation on the home ownership in Vancouver.  What do you think about this concept?