Caucus News Release: Housing minister clueless on housing prices

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VICTORIA – Rich Coleman, the B.C. Liberal Minister Responsible for Housing, claimed that soaring housing costs in the Lower Mainland are “actually pretty reasonable” during his remarks in the legislature.

“This Liberal government is completely divorced from the lives of most British Columbians as they struggle to pay for housing,” said David Eby, New Democrat spokesperson for housing. “The head of the world’s largest money management firm told international investors at a conference in Singapore to buy Vancouver condos, not gold. The Harvard Review calls Vancouver ‘Hedge City’. Two thirds of Metro Vancouverites believe absentee real estate investors are a serious issue. The biggest condo marketer in Canada and the mayor of Vancouver have called for research and action. The housing minister might as well say ‘Let them live in cakes.’”

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