Rob Shaw: A proposed hike in down payments for investment properties is a fine first step – had it been taken years ago. But with runaway real estate prices and record low supply, it falls well short of the kind of bold action needed. Meanwhile, on the provincial side, the BC government could wade in with some bold ideas too if it wanted. There would be many wrinkles to consider there, but it would be a bold declaration from the province on who residential real estate is actually for. In the meantime, BC is studying mandatory cooling off periods in real estate purchases, and perhaps even mandatory home inspections.

Source: CBC News January 14, 2022 07:57 UTC