What we need more than anything, is to build homes for less, not more. 

General Ethel Lariviere 31 Oct

What we need more than anything, is to build homes for less, not more.
New home costs are based on many factors, including code changes, product prices, land prices, interest rates and increasing wages for necessary trades. The speculation tax will not directly make any of these cheaper, which means new homes can’t and won’t be less expensive.

https://www.timescolonist.com/news/neil-moody-b-c-still-facing-significant-housing-affordability-crisis-despite-government-attempts-1.23479776?fbclid=IwAR1DI1xWHj3mZj1rflzneq5It7TdbGp7YcpM_JKbATHPncewxL6DGpJDD4g

Metro Vancouver’s high-end house rents plunge as inventory spike

Rental Market Ethel Lariviere 22 Oct

Metro Vancouver’s high-end house rents plunge as inventory spike.
Slowdown of detached home sales, speculation-tax avoidance, Airbnb rules bring flood of high-end houses onto rental market as owners slash rents:

metro-vancouver-s-high-end-house-rents-plunge-as-inventory-spikes-experts-1.23470095?rew.ca%2Fnews=rew.ca%2Fnews&fbclid=IwAR1XWW6Gnl3-dbc8xPF4LuLj-NsntZurrgHvY2pOUWWyTmbjiwnWQVfyARA

 

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