Victoria (VICTORIA) News - As people call on government to do something to deal with the issue price of housing, the BC Liberal Party (BC Liberals) began to investigate means to be taken, in particular, the internal and the surrounding area in the Greater Vancouver Regional Bureau.
Governor Christy Clark (Premier Christy Clark) said this week, "Please continue to focus. For us, the problem in the Lower Mainland region and the province of affordability is crucial. We have taken the rigor and effort to deal with.
"The opposition (Opposition) leaders Hogan (Horgan) wondered what sustained attention?
Christy Clark replied, "We need many ways to solve the problem of affordability. We want to make sure that from a global perspective, what works and what does not, and to determine which method will result in unintended consequences, which will not.
"Those unintended consequences are important to her. "We want to make sure that no matter what measures we take, it must be fair and respect the fact that - the investment of housing people do not know that the Government took away some of their equity they work hard just to these equity. They also paid the share capital.
"She cited a 1993 case as a warning. That is the new Democratic Party (New Democratic Party) government a substantial increase in tax revenue, thus harm the interests of homeowners in West Vancouver. This policy immediately so then governor to step down.
Christy Clark said, "I think the opposition can better help the government to ensure that we do not rush to make a decision."
Although there are objections, but the governor accepted the criticism. "Because people want to grow up in a place where they sell. So people return to total world here, this is understandable. But many people long in Vancouver and make it as a permanent home, they will stay here. This creates problems of affordability, which is a serious problem we have.
"Finance Minister Neil Johnson (Finance Minister Mike de Jong) admit that they are doing the investigation, it should be taken way. The work is not over, the government has not reached a final decision.
But I hear assume for this question have questioned the voice.
First, there is no evidence of apartments and villa price growth is driven by speculation.Second, foreign ownership will be pushed up the price is not enough, in addition to housing and high-end real estate market price.
Third, there are two factors stand-alone single-parent families rise in house prices, but they are nothing to do with real estate speculation and / or foreign ownership. On the contrary, because they no longer build them, and the current stock market decline in Vancouver. This trend is the result of densification.
Supply shrinking, everyone will want to buy it? So prices will certainly rise.
Matt Johnson responded to the concerns of deliberately low prices Christy Clark, because sometimes it will reduce the share capital of the owner.
He said, "I'm worried about those who, if you really evaluate what they seek, will make Vancouver house loses, it will affect many families."
For a typical example, the value of 700,000一幢Canadian dollar house there are mortgages of $ 630,000. Vancouver house even only 10% depreciation will let homeowners desperate.
He come from elsewhere for results also skeptical: "In other jurisdictions, in an effort to control property values cover, you really only see the government continue to increase revenue but housing affordability problem does not smell I asked.
"Matt Johnson of the speculation tax demands to take reservations. - How to define it? - Prohibit foreign ownership - how to implement it will not affect foreign investment?
The concerns are summarized before the Liberal Party for a number of guiding principles to act.
The primary goal is to help first time buyers into the market. The most important is to reduce the need to avoid the risk of people who have the resolution of the share capital.Matt Johnson prefers self-funded response, rather than become another means of "cash grab" the.
One possibility is to increase the tax-free amount for first-time buyers, buy high-end real estate by imposing additional tax to raise funds.
"The opposition (Opposition) leaders Hogan (Horgan) wondered what sustained attention?
Christy Clark replied, "We need many ways to solve the problem of affordability. We want to make sure that from a global perspective, what works and what does not, and to determine which method will result in unintended consequences, which will not.
"Those unintended consequences are important to her. "We want to make sure that no matter what measures we take, it must be fair and respect the fact that - the investment of housing people do not know that the Government took away some of their equity they work hard just to these equity. They also paid the share capital.
"She cited a 1993 case as a warning. That is the new Democratic Party (New Democratic Party) government a substantial increase in tax revenue, thus harm the interests of homeowners in West Vancouver. This policy immediately so then governor to step down.
Christy Clark said, "I think the opposition can better help the government to ensure that we do not rush to make a decision."
Although there are objections, but the governor accepted the criticism. "Because people want to grow up in a place where they sell. So people return to total world here, this is understandable. But many people long in Vancouver and make it as a permanent home, they will stay here. This creates problems of affordability, which is a serious problem we have.
"Finance Minister Neil Johnson (Finance Minister Mike de Jong) admit that they are doing the investigation, it should be taken way. The work is not over, the government has not reached a final decision.
But I hear assume for this question have questioned the voice.
First, there is no evidence of apartments and villa price growth is driven by speculation.Second, foreign ownership will be pushed up the price is not enough, in addition to housing and high-end real estate market price.
Third, there are two factors stand-alone single-parent families rise in house prices, but they are nothing to do with real estate speculation and / or foreign ownership. On the contrary, because they no longer build them, and the current stock market decline in Vancouver. This trend is the result of densification.
Supply shrinking, everyone will want to buy it? So prices will certainly rise.
Matt Johnson responded to the concerns of deliberately low prices Christy Clark, because sometimes it will reduce the share capital of the owner.
He said, "I'm worried about those who, if you really evaluate what they seek, will make Vancouver house loses, it will affect many families."
For a typical example, the value of 700,000一幢Canadian dollar house there are mortgages of $ 630,000. Vancouver house even only 10% depreciation will let homeowners desperate.
He come from elsewhere for results also skeptical: "In other jurisdictions, in an effort to control property values cover, you really only see the government continue to increase revenue but housing affordability problem does not smell I asked.
"Matt Johnson of the speculation tax demands to take reservations. - How to define it? - Prohibit foreign ownership - how to implement it will not affect foreign investment?
The concerns are summarized before the Liberal Party for a number of guiding principles to act.
The primary goal is to help first time buyers into the market. The most important is to reduce the need to avoid the risk of people who have the resolution of the share capital.Matt Johnson prefers self-funded response, rather than become another means of "cash grab" the.
One possibility is to increase the tax-free amount for first-time buyers, buy high-end real estate by imposing additional tax to raise funds.
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