BCBC In The News
The Globe and Mail: A growing divide
[Excerpt] Jock Finlayson, the Business Council of B.C.’s chief policy officer, said this real estate-fuelled wealth gap is the most troubling.
“In the business community, we are worried about it, it’s forcing people to look at living elsewhere. It’s forcing people with children to live in accommodations that are not really designed for families,” he said. “Those who are established in the market have all enjoyed an unearned windfall in wealth. It’s also tax free. How equitable is that, from the perspective of the 30 per cent of renters, or those who bought at top-dollar prices?”