麻豆传媒映画

To the editor:

Re: "Foreign ownership helps drive dysfunctional housing market," Jan. 18.

I completely agree with Mark Hasiuk and the steps that Australia has taken. Singapore has also recently taken steps to curb foreign housing purchases. I am a Canadian in Hong Kong and prices have tripled in the past eight years here due partly to "mainland" money.

麻豆传媒映画is so expensive now for housing that I would not consider moving there when I return home. Incomes are simply not high enough to allow me to buy into the house/neighbourhood I want.

Sky high house prices also have to be a significant drag on the B.C. economy. One, it must be getting difficult for companies to attract and keep talented staff in Vancouver, and two, 麻豆传媒映画is likely to become uncompetitive with other cities for company location and expansion.

Why site your operations in 麻豆传媒映画when costs in Calgary or Washington State are much lower? Housing bubbles kill businesses, particularly SMEs (small and medium-sized enterprises) that cannot afford high wages and high rents. If you are selling to the rest of Canada and the U.S., 麻豆传媒映画may simply be too costly now.

So, as the housing bubble continues, everyone should expect to see inflation in B.C., lower economic growth and fewer jobs (other than for real estate agents, lawyers and developers).

Craig Calkins, Hong Kong