Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Letter signed by 27 prominent B.C. experts in urban planning and architecture, was sent last week to Prime Minister Mark Carney and Minister of Housing Gregor Robertson, and was cc’d to, among others, B.C. Premier David Eby, B.C. Minister of Housing Christine Boyle and Vancouver Mayor Ken Sim.
For me, their comment about market correction stood out the most, I have put that below here, however I greatly encourage you all to read the entire letter on the link provided under.
For personalised mortgage advise and analysis get in touch, Achieve with Abhi, happy to help 😊
www.vanislandmortgages.com
Use the market correction as an opportunity, not something to resist
-- Do not use public funds to bail out overleveraged speculative developments.
--Do not reintroduce foreign capital or investor demand to reflate prices artificially.
--Take advantage of falling land costs and freed-up skilled labour to invest in non-profit, co-op and public housing that will remain affordable long-term.
--Policy — not just construction — can influence affordability. Recent short-term rental regulations, adjusted immigration targets and demand-side measures have already helped reduce pressure on rents.
https://thetyee.ca/Opinion/2025/07/29/Memo-Carney-Robertson-Fixing-Housing/
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