It’s important that the Lower Mainland and the rest of Canada be educated about the money grab that’s taking place in the Vancouver real-estate market (“The Highest Bidder,” May). At the same time, I find the constant press coverage tiring. There is nothing any of us can do now to turn back the clocks on years of poor decision making. This obsession with realestate news is like picking at a wound, then rubbing salt and lemon juice all over it.
Mark Masterson Vancouver, BC
The shadow-flipping “scandal” this article mentions, where buyers and agents sell homes for higher prices before the deal has officially closed, only became an issue because older people (who vote) discovered that they were not reaping the full windfall from their housing-lottery win. Premier Christy Clark sprang into action once middleclass people discovered they were getting only $3.5 million in equity rather than $4 million. If you are a displaced renter, on the other hand, tough luck — that’s just the free market at work.
Keith Montgomery Abbotsford, BC
I endorse coverage on this important topic, as I have two daughters and several friends
who live in Vancouver. However, some people incorrectly suggest Chinese immigration is to blame for our runaway real-estate market. Only a few have the means, and the reasons, to buy homes at grossly inflated prices. Most Chinese immigrants are just like the rest of us — industrious blue- or white-collar workers trying desperately to save for homes that are continuously moving out of their reach.
Sudhir Jain Calgary, AB