Eliminate financial predators from housing markets.

Municipalities across BC approve constructing houses and condos with the understanding households will inhabit these structures.

Once built, so-called "investors" – a euphemism for financial predators – buy these structures and rent them out for as much as they can possibly squeeze out of the public.

There is a simple solution.

Prohibit the purchase of houses and condos by individuals and other entities who are not going to live in them. This will eliminate from housing markets large pools of unrealized capital gains financial predators leverage tax-free to finance such purchases.

Draining these dollars from housing markets will therefore slow, or even reverse, the ridiculous increase in house and condo prices (apartment rents will therefore follow) being driven by so much capital looking to make a killing purchasing and renting out houses and condos.