Trudeau to get sobering view of Vancouver’s housing market

The Globe and Mail quoted UBC geography professor David Ley on his plans to discuss the Vancouver housing market with Prime Minister Trudeau.

Ley has studied Asian global capital flows for 16 years, and said he will suggest taxing the top end of the market and foreign property purchases.

“It would be a bolder move, and I think there’s quite an appetite for that. But that would be a bigger ask, and a complicated ask, as you can’t always easily tell what is a foreign purchase,” Ley said.