'Bold action' on housing issues won't be easy
Premier Christy Clark has taken to YouTube to announce that her government plans “bold action” on the very significant issue of housing affordability. Clark said, in a video released last week, that the province will be announcing specific measures to make housing more affordable in the coming weeks. On Sunday, Housing Minister Rich Coleman and his federal counterpart announced that the federal government will spend $150 million on affordable housing in B.C. Housing prices have gone from a curiosity to an annoyance to a full-blown problem in the past few years. It’s not a problem for those who have significant equity in their homes, but it is a big problem for everyone else – renters, homeowners with large monthly payments and those who want to buy their first home, or those hoping to relocate from one home to another. Prices have been rising sharply. Many realtors admit that it is very difficult to accurately price homes because of the demand. The supply is not coming close...