It also suggests this sentiment is strongest among residents of Metro Vancouver (77 per cent), people aged 18 to 34 (76 per cent) and those in the highest annual household income bracket (76 per cent.)
Mario Canseco, vice-president of public affairs at Insights West, says it shows that even homeowners, who stand to make a lot of money on the resale of their home as foreign ownership drives up prices, are concerned about the negative effect on the community.
For instance, 86 per cent believe that absentee homeowners are speculators and not really part of the community, and that number jumps to 92 per cent for those with higher incomes.
That’s despite a high number of homeowners (76 per cent) saying they believe when foreigners buy homes the value of their properties go up.
“To have (developer) Bob Rennie tell you that a condo is the best thing to do is kind of like having the CEO of McDonalds tell you that their burgers are nutritious and they are the only thing you can afford,” Canseco said in an interview.
They also addressed the racism angle by breaking down responses by ethnicity and asking if they feel that the debate on foreign real estate ownership in BC is inherently racist.
They only divide ‘ethnicity’ into ‘white’, ‘east asian’ and ‘south asian’ because … ?
Read the full article over at the Vancouver Sun.