I wish John Horgan would get it together and ban foreign ownership like New Zealand has done. It's really the only way to address the issue unlike these stupid surcharge taxes and empty house taxes. If you can afford to buy a 20 million mansion and leave it empty for years, I'm sure you're not worried about some petty tax. It's just a cost of business.
Only landed immigrants working in the country and citizens should be able to own property. Christie Clark sold us out to the highest bidder for so long and now Trudeau is continuing her work.
Meanwhile, neighbourhoods like Shaughnessy are full of squatters and burglary because of all the empty mansions. Last week a heritage home worth 14 million was burned down under suspicious circumstances. If a heritage house is burned more than 60% it can then be torn down and then a house worth 25 million could be built on it, how convenient. It made me so sad, that house was gorgeous. Built in 1913.
Somehow I don't see any level of government wanting to touch this problem though. They don't want to be the ones responsible for equity meltdown. Nothing will be done until the have-nots have far surpassed the haves and a revolt is brewing. Unfortunately, we're not there yet.