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The Hongcouver | Studying ‘foreign ownership’ in Vancouver won’t explain why this mossy hovel costs C$2.4million
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Ian Youngin Vancouver
Vancouver’s long-suffering affordable housing advocates could be forgiven for jubilation at the news this week that provincial authorities were finally studying the impact of foreign investment on the city’s real estate market.
But as with any property deal, it all hinges on the fine print.
The study was revealed by The Province newspaper’s star investigative reporter Sam “Scoop” Cooper on Sunday, and later confirmed by BC Premier Christy Clark.
The exact framework and scope of the study - which is being handled by BC Housing, a crown corporation - hasn’t been made public, although The Province cited a focus on foreign home ownership.
And that worries me.
Ian Young is the Post's Vancouver correspondent. A journalist for more than 20 years, he worked for Australian newspapers and the London Evening Standard before arriving in Hong Kong in 1997. There he won or shared awards for excellence in investigative reporting and human rights reporting, and the HK News Awards Scoop of the Year. He moved to Canada with his wife in 2010.
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