BC NDP calls for government action re: affordability

A March 17 live town hall hosted by the New Democratic Party of British Columbia (BC NDP) in conjunction with CBC News pointed at the persistent problem of affordability in the Metro Vancouver market.
 
Garnering over 700 online participants, the event was organized by NDP MLA David Eby, who called on the government to take more decisive action.
 
“These are serious issues, this is a major crisis, and we want the provincial government to take it seriously,” Eby said, adding that “unpoliced, unregulated and rampant” speculation is making the enactment of controlling guidelines far more difficult.
 
John Horgan, party leader and co-host of the town hall, said that the BC NDP will be presenting bills that would address the issue of “shadow flipping”, which has been cited as a main driver for the continuous price increases in the Vancouver housing sector.
 
Another bill currently being championed by the NDP is the implementation of record-keeping for real estate buyers in the province.
 
“So that we can ensure that if they're buying homes from offshore, they're paying a higher level tax than those people who are living here today,” Horgan said.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Investment Hot Spots:
Swansea Point, Bright, St. David Ridge, Saint-René, Union Corner

COMMENTS

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Would you vote for real estate board amalgamation