One of the keys to unlocking Metro Vancouver’s housing affordability crisis is a focus on building more space for middle class families, the Greater Vancouver Board of Trade says. In a report issued this month, the board offered up seven suggestions for how the region could improve its “D” grade in affordability and economic competitiveness.
Industrial real estate is a very good barometer for the economic health of our province. When the market is strong, the impacts are measurable. They include an increase in well-paying jobs, expansion of the property tax base (which reduces the relative property tax burden on residents), an increase in general tax revenue from expanded economic development
A day after the Ontario government announced a 16-point plan—which includes a 15% foreign-buyer tax similar to Vancouver’s—aimed at increasing housing affordability, a new poll released by Zoocasa.com shows most Canadians are in favour of such a tax. The survey found 69% supported a foreign-buyer tax, and 61% said they believe foreign buyers are pushing
