Why are house prices so high in urban British Columbia? Several non-economists claim that foreign buyers are the reason. Economists claim that Canadians are the reason. Most Canadians prefer the theory that foreigners are to blame.
Why are Vancouver real estate prices so high? For several years, Vancouver-based geographers and political scientists have laid the blame squarely on wealthy Chinese immigrants and foreigners. The media has enthusiastically covered studies that promote this view. But many of these studies are questionable.
Almost half of the taxes we pay to the BC government goes to the healthcare budget. Despite this, British Columbia rates much lower in quality of service than many countries in Europe. Is it because these ‘socialist’ countries all have elements of privatization to prod their government monopolies to be more cost-effective?