March 20, 2017
Premier Christy Clark built a house of cards that could collapse when British Columbians vote in just seven weeks – because both housing prices and foreign ownership are back on the rise in Metro Vancouver – which has the English-speaking world’s third worst housing affordability.
It’s happening just as the B.C. Liberal government last week exempted foreign nationals with work permits and up to 170,000 foreign students from the Metro Vancouver 15% foreign buyers tax, letting them apply for refunds if they recently bought homes.
Housing, poverty and homelessness are the most pressing concern for 29% of B.C. voters compared to 18% for health care and 17% for jobs and the economy, according to a November 2016 Insights West poll. And 71% said Clark had done either a very bad or bad job on their top issue.