It seem natural that most readers of this site would appreciate an MLA standing up for more data on real estate transactions in BC.
It came after Weaver had introduced a private member’s bill to amend the Land Title Act. If it is approved by a majority of MLAs, it would enable the B.C. government to determine foreign-investment flows in the real-estate market, as well as the extent of corporate buying of property.
Unfortunately in a province where everything seems to revolve around real estate and sensitivities around that topic what you end up with is wishy-washy comments that are nonsensical.
Southseacompany points out that Green MLA Andrew Weaver has asked the finance minister what is being done to prevent a Vancouver housing bubble from bursting. Unfortunately there appears to be some logical inconsistencies in the MLAs statements:
I especially can’t figure that first sentence on Weaver’s blog;
“Today in the legislature I rose to question the Minister of Finance as to what steps, if any, government is taking to ensure that Metro Vancouver’s potential housing bubble doesn’t burst and that housing remains affordable in the region.”
Remains affordable? And that if this bubble burst and prices fell, then… it won’t be affordable??
This man’s nonsense is a waste of time.