As Housing Prices Soar, Finance Minister Is Well Invested

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By Andrew MacLeod,

From the article:

“I think it’s entirely reasonable to look at the financial interests of government officials who could make a difference and ask why are they not acting, because there’s really no reason I can think of,” said David Eby, the housing critic for the NDP opposition and the MLA for Vancouver-Point Grey.

The high price of real estate compared to the wages people earn is one of the top issues in B.C., particularly in the Lower Mainland, he said. “I don’t think anybody looks at real estate prices and says, ‘This is sustainable.'”

And yet the provincial government has avoided taking any action that would reduce prices, Eby said. “I’m racking my brains trying to figure out why the provincial government is so out of touch on this issue,” he said. “Politically, I can’t understand it.”

Not that he thinks the finance minister’s real estate interests are driving government policy. “Frankly, I don’t think it’s as simple as [the fact that] Mike de Jong owns a few condos, either,” Eby said.

Read the full article here:

http://www.thetyee.ca/News/2016/01/11/Finance-Minister-Well-Invested/