this post was submitted on 22 Aug 2026
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42% drop in Vancouver housing starts prompts worry from development advocate - Urban Development Institute says plunge signals worst housing downturn in 30 years (www.cbc.ca)
submitted 1 week ago by LimpRimble@lemmy.ca to c/britishcolumbia@lemmy.ca
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Drummond also noted that Canada's foreign homebuyer ban is set to expire in 2027, and said that Australia could serve as a potential model for how to deal with foreign buyers.

"They allow foreign buyers to purchase new product," he said. "But they don't allow people to buy existing inventory and bid up the cost of existing stocks."

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[โ€“] CobraChicken3000@lemmy.ca 4 points 1 week ago (1 children)

So I guess we're just gonna stand around and wait for somebody to build our homes? We claim to be able to build bridges and high speed rail systems, but not apartment buildings?

[โ€“] SreudianFlip@sh.itjust.works 4 points 1 week ago

Bring back federal funding for co-op housing!