B.C. NDP addresses 'out of control' Vancouver real estate at town hall

Atown hall hosted by the B.C. NDPto discuss Metro Vancouver's "out-of-control real estate market" attracted more than 700people,Wednesday evening.

"These are serious issues, this is a major crisis, and we want the provincial government to take it seriously," said NDP MLA David Eby, who organized it.

The event started with Eby citing a long list of media stories highlighting questionable real estate practices and how housing practices have caused residents to leave the region.

Eby said the region's real estate is governed by "runaway speculation" that is "unpoliced,unregulated and rampant."

B.C. NDP Leader JohnHorganhosted the event alongside Eby.

He saidhis party will present twobills at the legislature this weekone of them will close the loopholes around"shadow flipping."

He said the the other bill will beto keep a track record of who is buying homes in B.C.,"So that we can ensure that if they're buying homes from offshore,they're paying a higher level tax than those people who are living here today."

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