The work of UBC geographer David Ley is cited in a new Vancouver Courier piece about the impact of foreign money on Vancouver’s housing crisis.
Ley is quoted as saying the conclusion reached by the City of Vancouver in a recent report on vacant homes is “over the top.” The report found that foreign investors weren’t driving up housing prices.
But the piece quotes a peer-reviewed paper by Ley, in which he wrote: “Most important is the claim that the question of foreign ownership had nothing to do with government. Yet it most certainly did, for [Canadian federal, provincial and municipal] governments had for 30 years led trade and investment missions to Asia and had used the tool of business immigration to draw in entrepreneurs and their capital.”
Ley’s work is also mentioned in a Vancouver Sun column.
