SethM wrote:This article nails it. The daft NDP has to stop attacking demand. We need more supply. Municipal approvals are way to slow. Their bottle neck is causing the price surges. The NDP and Greens will kill real estate here and the economy.
https://biv.com/article/2018/03/foreign ... ng-program
I think it's hilarious to discuss solutions to the housing crisis without first agreeing on some facts.
So - in the lower mainland, how many new condos have been built in the past 10 years? How many people have moved here? If anybody has an answer, that would be great.
But even if we get to the bottom of the questions above, what is wrong with dealing with the problem from both the demand and and the supply side? Let builders build and tighten up the ability for people to purchase these dwellings.
Listen, I don't like big government that much.... but when we are playing a rigged game where foreigners sneak into Canada with ill gotten gains and manipulate our housing prices so locals can't have a decent life, I expect the government to a) stop it from even happening in the first place (didn't happen because ... well we all know why) and b) when it does happen, take corrective measures.