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Real Estate Briefing - Categorized | Investment, Regulatory more

Is it time to curb foreign real-estate buying in Vancouver?

Posted on 14 November 2011

It’s the topic some critics say Vancouver’s two main mayoral candidates don’t want to address directly but should: What effect is the Chinese buying spree having on housing affordability?
Both Mayor Gregor Robertson and chief rival Suzanne Anton say they oppose foreign ownership restrictions and speculator taxes as a means of controlling the market. But nowhere in their affordablehousing platforms is mention of what many Vancouverites feel is driving the city’s skyrocketing housing prices, says independent council candidate Sandy Garossino………………………………………..Full Article: Source


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