Squamish and Bowen folks now want the speculation tax due to housing crisis.

they will eventually have nobody who can work the service industry there.

This is the underlying story behind the real estate debacle the province over. Workers in essential services, especially in Vancouver, will soon not make enough money to live in or around the city in which they deliver those essential services. At that point, we will have become Canadian Detroit, a hollowed out city with a failed economy, a ghost town. Already, businesses in most commercial districts are closing because they can't hire or pay their leases anymore. Just wait until it is firefighters and teachers who are priced out and leaving.

Hell, already there is a teacher shortage and efforts to recruit from other provinces have been an abject failure. No teacher in Canada wants to make the second smallest salary in the country in the most expensive place to live in the country.

Housing needs to come down in price for everyone, wages need to go up for everyone, and that change needed to happen two days before yesterday.

/r/vancouver Thread Parent Link - cbc.ca