News 1130 interviewed Tom Davidoff, professor of urban economics and real estate at UBC’s Sauder School of Business, for a story on the housing market.
“We’ve got declining sales, we’ve got several taxes at the provincial and local level operating now with empty homes, foreign buyer, speculation, 3 million plus additional school tax, and then you tack onto that the stress test for every kind of bank issued mortgage and we’ve got now what looks like a recession if you look at bond markets,” said Davidoff.