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  • Writer's pictureKenneth Pazder

Foreign Money, BC Real Estate Prices and Line Dancing



Sometimes what is painfully obvious to the general populace is lost on the politicians, mainstream media, academics and others who may have also succumbed to the intellectually bankrupt concept of political correctness which ignores facts, rational arguments and eschews debate.


For 15 years foreign money has been allowed to destabilize Metro Vancouver real estate prices with the full encouragement and support of the then BC Liberals (as funded by the development industry).


The result has been to make much of the real estate in the Lower Mainland and other parts of BC unaffordable to local residents.

Long before this happened in BC, the most desirable major cities in the G-20 like New York, London, Paris, San Francisco, LA, Sydney and others all experienced this phenomenon.


None of these cities by the way, could ever “build their way to affordability” as the local development industry here suggests as the solution.


BC residents have been complaining about this for well over a decade, but to no avail.


Unfortunately long after the horses have left the proverbial barn, making housing affordable again, a popular slogan of all politicians running in local elections as of late, is about as likely to happen as “bringing back line dancing”.


©Pazder Law Corporation (2018)


1410 – 800 W. Pender St. Vancouver, BC, V6C 2V6 Tel: 604 682-1509 Fax: 604-682-3196 plc@pazderlaw.com www.pazderlaw.com

Questions? Call Kenneth Pazder or Melissa Valana (604-682-1509) at Pazder Law Corporation anytime for a free consultation.



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