BC business leaders call for more housing data

Business leaders in British Columbia say they want more housing data from the provincial government. The BC Chamber of Commerce is calling for more stats than the government pledged in its last budget which will give insights into foreign ownership of real estate.

The business group also wants information on Canadian owners for existing and future transactions. The government was not planning to provide this data.

“We’re saying that’s great to look at the information going forward, but we also want to look at the last 20 years in the housing market and to recreate that data to get a full picture of what the change is in ownership between permanent residents, foreign investors and Canadian citizens,” the Chamber’s Dan Baxter told the Vancouver Sun.

Businesses are becoming increasingly concerned about the lack of affordable housing which makes hiring more challenging and drives up other costs.

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