Vancouver foreign investment panel tackles ‘safety deposit’ condos for wealthy

Downtown Vancouver may have the equivalent of nearly two-dozen 30-storey condominium towers sitting empty, serving as merely oversized “safety deposit boxes” for the wealthy, according to researchers. But blaming the city’s severe housing prices on absentee foreign investors could just be “this decade’s version of the Yellow Peril,” a UBC business professor has warned.

Read Article →

Aboriginal Housing Crisis in Canada Threatens to Explode

When the housing crisis in Attawapiskat First Nation made headlines worldwide in October 2011 after the community declared a state of emergency, few had heard of the band’s chief, Theresa Spence. Now, because of a hunger strike she launched in the shadow of Parliament Hill, Spence has become a household name across Canada, and a symbol of the still-growing Idle No More movement.

Read Article →