Why hasn’t the housing dilemma become a political issue?

It seems ludicrous that the average family can’t afford to buy a house in the city where they grew up.

Price Tags

The Globe and Mail‘s Vancouver real-estate writer, Kerry Gold, has been doing some of the best analysis on our housing dilemma, notably in her most recent column, based on an SFU Urban Studies forum:

Some wonder if it’s time Vancouver acts to slow foreign buyers

.

If a city defines itself as interdependent communities that are connected, funded and guided by a taxpaying base of businesses and full-time residents, then Vancouverites are now finding themselves on the sidelines.

They’re often not even on the radar of real estate marketers, especially where purchases of high-end properties or bulk-sale condo presales or land assemblies are concerned. Those high-stakes buys drive the market from the top down, pushing prices up across the entire region. And yet a good many of those purchases are made by the mysterious international investor, a nebulous “other” who has all this power and yet so much anonymity…

View original post 1,099 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s