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Higher taxes no solution to Vancouver's real estate crunch, says study

Cutting through red tape and allowing greater density will do more to create affordable housing in Metro Vancouver than taxing speculators and foreigners, according to a new study.

"I'm not suggesting that the tax has no part to play, but that approach is unbalanced and one-sided," says James Tansey, an associate professor at UBC's Centre for Social Innovation & Impact Investing.

Full Story here: http://www.cbc.ca/news/canada/british-columbia/higher-taxes-no-solution-to-vancouver-s-real-estate-crunch-says-study-1.4685821

Gordon Clark: NDP's cynical new housing taxes don't help with affordability

Metro Vancouver price drops unlikely to help housing affordability, real estate experts say