Commentary By Aran Cheema
Housing is on everyone’s mind these days, specifically the high cost of it in the Metro Vancouver region. Nearly two thirds of residents are homeowners already, but for the 37 per cent who rent,it is extremely frustrating to watch the continuing trend of soaring real estate prices.
It’s also a problem for companies who are struggling to find workers that can afford to live in the region.
As a result, there is a lot of finger pointing going on. Governments at all levels are under pressure to take action to improve the situation.
How should the government intervene in the market to address this issue? Thisis where a seemingly simple problem meets complex reality.