May 26, 2015, 2015 | Jeff Nagel | Peace Arch News/Surrey North Delta Leader An article quote:
“NDP housing critic David Eby called on the province to begin to measure foreign ownership of B.C. real estate, adding he believes it’s a major problem.
‘What we need is evidence about speculation, not speculation about speculation, which can quickly lead to prejudice,’ Eby said.
‘My concern is absentee investors – short term or long term – who don’t contribute to the community and just drive up values for their own profit. That is the core issue.’
Eby said other mechanisms that could be considered include rebating a portion of property tax through a B.C. income tax credit, or imposing special taxes on owners of more than one property.”
Read more here: http://www.peacearchnews.com/news/305061521.html