Conversations That Matter: Braking Vancouver’s housing market

Vancouver’s housing market is a political and financial minefield. Measures to create housing for those who can’t afford Vancouver’s sky-high real estate appear to have backfired. The target started out as offshore, namely mainland Chinese buyers who were investing in Vancouver real estate. The new rules and taxes, however, appear to be a rich versus poor tax grab.
The City of Vancouver jumped in with both feet and created an empty home tax. Then the provincial govern