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Lots of bigots have latched onto Vancouver housing issues as a way to further their anti-immigration views. It's gross. This doesn't mean though that there hav
by Tiktaalik 5y ago
Lots of bigots have latched onto Vancouver housing issues as a way to further their anti-immigration views. It's gross.
This doesn't mean though that there haven't been real issues with the Vancouver market that involve foreign wealth.
Prior to the foreign buyers tax we were seeing condo developers explicitly opening up sales offices in foreign cities, explicitly marketing their condos as pied-a-terres. I understand why people didn't like that. That sort of thing really doesn't help the local buyer or renter.
I'm happy to see that while Canadian politicians have brought in these rules to deal with some distortions of the real estate market from foreign wealth, we really haven't our politicians embrace the bigoted anti-immigrant rhetoric around this topic of the sort that you occasionally see on twitter and reddit.
- tomatowurst 5y ago[flagged]