But a surge in new renters pronto is unlikely.

“They’re whistling past the graveyard and offering no analysis.”

“More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.”

Looking to launder some cash?

We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for inflation.