Good editorial, and thanks to Richmond Anon for raising the Tories 10 year temporary visa.  Real estate in BC and southern Ontario has become a tradeable commodity with very uneven participants in the market.  Median family income in Canada is about $79,000, $77,000 in BC.  Median house price in Vancouver is something over $1.3 million on the East side and $2.9 million on the West side.  That is 17 to 37 times the median family income!  The US housing market crashed when it hit 3.91 times!!  That's 1/4 to 1/9th the Vancouver (and Toronto) ratio.  That's more than a mere bubble folks.

In the USA, "Teaser Loans" were given by unscrupulous mortgage lenders to trick people who could not afford to jump into the housing market to buy houses.  In BC, our Liberal government is giving "teaser" loans under the guise of 1st time housing buyers.  This is crazy.

In BC, Real Estate is the biggest single component in the economy.  Thus the BC Liberals reluctance to tax & now back treading on that.