In metro Vancouver entire housing projects are sold overseas.   Should working families in Canada,  refugees and new immigrants,  compete with overseas wealth for homes?

In China 60 million housing units are sold and empty to satisfy demand for housing as a commodity.  Demand for housing as a safety deposit box here has resulted in 80,000 sold and empty homes. 

Before the implementation of the 15% FB tax, some areas of metro Vancouver like Richmond, Burnaby, and West Van saw 25-30% of sales go to offshore buyers.  The tax has abated this somewhat, but so has the diversion to proxy buyers and loopholes.

All 3 levels of government set policy and procedure pertaining to  housing.  Many countries regulate who can or cannot buy homes,  restrict sales to the domestic market, or tax accordingly.

No one is entitled to affordable rents in downtown Toronto or Vancouver.  But we are entitled to a government that places the best interests of working families over non resident speculation.