Premier Eby's New Housing Finance Model
Premier Eby stated that the previous housing finance model is dead, leaving the question of what the new model will be.
Trevor Koot suggests considering the "Australia model", where foreign money can fund new real estate projects but not purchase existing resale homes.
The "Australia model" should be given very careful consideration in B.C.
- The "Australia model" allows foreign investment in new real estate projects.
- It prevents foreign money from purchasing existing resale homes.
A letter from prominent developers asked the government to reconsider restrictions on foreign investment in real estate, citing the need for more housing units.
Author's summary: Premier Eby seeks new housing finance model.
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