The Mayor is said to be drafting a motion that will give local buyers first chance to buy
Mayor Gregor Robertson will introduce a motion to give local residents first crack at pre-sale condo sales Tuesday during a Vancouver city council meeting.
The motion asks city staff to draft a policy framework as part of the city’s “Housing Reset” plan.
Critics of the real estate industry have raised concerns about how the increasingly speculative pre-sale market is pushing up prices in both the pre-sale and resale market, and is preventing local residents from buying.
Presumably this will help to end the homeless problem in Vancouver by giving locals easier access to condo presales.
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