Not really news. This has been going on for a long time. It doesn't help that we have foreign buyers holding empty, or mostly empty properties. It is a unit of housing that should be in the buying/rent pool. I personally know 2 people (and I know very few people in BC because I'm from another province) that rent a basement suite and 3000+sq ft main house is vacant because owners moved back overseas once suite was filled. Been over 2 years empty. Vacancy tax does nothing, especially when a family friend retrieves mail and fakes the vacancy report.

This just isn't a world for poor people anymore.

Oh man, this sounds bad. How much of a fighting chance would 2 immigrants have in Vancouver working entry level jobs? Asking for myself.