VANCOUVER (NEWS 1130) – What can be done to take down prices, and make home ownership a possibility for a lot more people in Metro Vancouver? A new survey looks at some ideas being floated, and the level of support they’re getting.
Nearly four-fifths of the more than 800 polled are in favour of government collecting data that would clarify who buyers are and where they’re from.
“There’s a big appetite to see government play a role in finding some solutions, and that’s across the board, majorities across the board,” says Shachi Kurl with Angus Reid. “And one of the things that people in this region do have a very high appetite for and want to see, is a data collection.”
A majority point to foreign investment as a large part of the problem and nearly half say investment by wealthy people is also playing a role.
Other measures that have a high level of support include a “speculation tax” that would aim to reduce house “flipping,” and imposing a tax on empty properties owned by investors.