foreign homebuyers

11:13AM
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In Florida, they’re snowbirds—in B.C., they’re ‘speculators’

Heavy-handed policies such as B.C.’s “speculation” tax target symptoms rather than causes.


4:25PM
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It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.


3:58PM
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In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."


9:13AM
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Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.


9:50AM
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Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.


3:30AM
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Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.

3:17AM
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Demand-side forces are still at play regardless of the new tax on foreign buyers.