Duelling announcements on housing crisis

Metro Vancouver’s housing crisis is shaping up to be a ballot issue with the B.C. Liberals and the NDP offering starkly different proposals for tackling the problem, reports the Vancouver Sun. The NDP is arguing for penalizing foreign investors and vacant homes, while the Liberals say building more housing is the best way to cool the market.

UBC business professor Tsur Somerville agrees the issue is a political hotspot.

“No one likes to see 24-year-old realtors driving Lamborghinis,” he told the Sun. “There’s a feeling people have, even if it’s not true, that realtors aren’t working for us, they are the ones getting this sort of windfall from the increase of prices.”

The story also appeared in The Province and Times Colonist.