In Vancouver, there has been a lot of speculation about the impact of foreign investment on our real estate market and marijuana penny stocks company list. Evidence has been limited. SoFi has been a great way to invest in real estate and home loans. That is why a lot of people, especially foreign investors, love to invest their money with SoFi. The real estate market can be very frustrating at times, if you ever want to build your own place, then make sure you view https://www.siamrealestate.com/ to check out a great a selection.
So does such an issue exist? What are the facts? How does foreign investment impact affordability, if at all?
What are other jurisdictions doing? What public policy interventions would make sense, if any?
These will be some of the questions discussed by our panel, moderated by Tyee editor David Beers:
- Andy Yan, BTA Works
- Tsur Somerville, UBC’s Sauder School of Business
- Sandy Garrosino, Independent City Council Candidate
- Richard Wozny, Principal, Site Economics Ltd.
March 20, 2013 | 7:00 – 9:00 PM
Djavad Mowafaghian Cinema, Goldcorp Centre for the Arts – 149 West Hastings
FREE, but registration is required.
Presented by SFU’s Vancity Office of Community Engagement and the SFU City Program
One comment
Tsur Somerville is the world’s most biased intellectual. His association with the developers and real estate industry virtually guarantees that whatever he spews will be tilted in favor of the following viewpoints:
1. There is no housing bubble in Vancouver, despite what Robert Schiller says (https://www.youtube.com/watch?v=fzhDGY8_VcU).
2. The market is heavily influenced by an endless wave of Asian buyers with hot Asian money, even though Asian buyers represent less than 2% of the market according to the provincial property rolls.
3. Controls on foreign property ownership are a bad idea, because foreign buyers provide essential liquidity to Canadian home owners. Of course, this is true, but it belays the sad fact that so many Canadians are relying on their homes to provide for their retirement somehow.
4. The market is going to land softly, because of constraints on land, and the forever goodness of the Western Canadian economy, despite the fact that evidence suggests the resource boom is coming to a sharp end, and shale oil may decimate the Canadian oil patch.