Ian Young
Ian Young

SCMP Columnist

The Hongcouver by Ian Young

Professor retracts controversial plan to fix Vancouver housing affordability by importing rich foreigners and charging them C$1m each

James Tansey deleted proposal to revive Chinese-dominated Immigrant Investor scheme from housing study’s executive summary and conclusions, saying it had become a ‘distraction’ and he ‘overstated’ his confidence the impact of rich newcomers on rising home prices had been exaggerated. But he says it’s still worth considering whether there could be a role for rich immigrants