> 96% of housing purchased in BC is traceably domestic. There simply isn’t enough housing to meet the demand even amongst domestic buyers!
I wonder what qualifies as a "domestic" buyer. Does a Canadian corporation counts? Considering the real estate investment craze started in the 90's, with birth tourism it's now possible for investors to register the properties under their children's name. I'd be lying if I said I've never met anyone who did that.
> would also create new opportunity for smaller developers.
That's precisely what the existing developers don't want!
I wonder what qualifies as a "domestic" buyer. Does a Canadian corporation counts? Considering the real estate investment craze started in the 90's, with birth tourism it's now possible for investors to register the properties under their children's name. I'd be lying if I said I've never met anyone who did that.
> would also create new opportunity for smaller developers.
That's precisely what the existing developers don't want!