Quote:
Originally Posted by Bcasey25raptor
On Immigrants, the numbers should be halved, either that or we should make it mandatory new migrants settle outside of Vancouver and Toronto. The population decline is mostly a myth anyway, population will increase if it becomes fiscally feasible to raise children in ur society, currently it isn't as the costs are prohibitive. This is why the NDP wants a universal childcare system which i strongly support. Better to have our own in Canada born and raised here to import citizens of convenience to subsidize the programs Canadians demand from our government.
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That's not true; people who have the money to raise children generally either don't have the time, nor value having children more than quality of life.
Children simply aren't a good cost-benefit deal for the parents (other than intangible benefits), and there's no cultural reason. Giving enough of a financial reason is simply not sustainable, since the total cost for a child is $12,825/year on average; much higher than the already difficult to fund $6,299/capita/year spent on healthcare.
I generally also agree with cutting regulations on housing development, but it probably won't overcome the simple supply-demand issue that drives high RE prices.
It's not just foreign investors. Low Vacancy Rental rates, low-interest rates (even at its current high-level of 1.75%, it's VERY low- making it more profitable to lend now and buy, rather than wait)/first-time buyer loan programs (though that is being eliminated), and construction delays are why the housing prices have plateaued, rather than decreased.
https://vancitycondoguide.com/vancouver-condo-report-february-2018/
Also, real-estate prices in Vancouver are always going to be higher than average, even assuming low population growth due to simple geography, popularity, and green zone restrictions. It's only going to get 'more affordable', not 'affordable'.
Also, you can't just move immigrants into the interior of BC; that's how you get a glut of foreign workers with no jobs. For the most part, there's less opportunity, both for more jobs and job creation.