Author Topic: Vancouver passes Manhattan and San Francisco!  (Read 827 times)

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Offline TimG

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Re: Vancouver passes Manhattan and San Francisco!
« on: November 10, 2017, 09:13:00 pm »
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.
The data says excessive immigration is what is increasing demand and driving up prices - not foreign ownership although foreign ownership exacerbates the problem. More importantly, it is easy to get around the foreign ownership restrictions with a Canadian listed corporation. If politicians really wanted real estate prices to stabilize they would cut immigration to levels that keeps Canada's population stable at about 35,000,000. This is the only way to reduce the demand driving prices.