5 weeks agow 2  @ :
What was news, though, was 8
‘that a North Shore, real estate firm: ©

‘Doug.
eae

. SOMETIMES the politicians listen.. Thus; Mel Couvelier, the”

‘Socred Minister of Finance, is going to look into the inva”

_ _sion by Asiatic money, of residential real estate on the North
Shore and other Lower Mainland arens. | ; .

x
About time; too: It is not news, -

of ‘course, that: this has been going ©
. on on a largé scale, and it.wasn't’
when | wrote about it a couple of

“| Block Bros. — was taking out
. Whole-page ads in the Hong Kong

‘-¢ press inviting Honk Kongers to *
“buy homes on the North Shore.

: And a Socred minister had written
*: to. Bill. Vander Zalm to say that an;
‘undue escalation” of residential

réal estate prices should be... *

“e ~ prevented,

ol 3 Recent,

: fictals § in the Ministry of Fi inance |
and Corporate Relations to look

- into this question, ‘to determine, as:
accurately as possible, the =

ae substance/behind opinions that the

real estate market is being
significantly distorted...

“Ef this investigation ‘Verifies
that this phenomenon i is indeed
causing serious problems, gov-

.s ernment'action to address them

will be considered.”

”. Good.! All'we| have to hope ‘for: XS

now is, that all, the available homes.
are not bought up before thei in-
quiry is completed. °

m. _ That could be. OK aS far as Pat. .
> Carney is concerned. As mention-  f
“ed here before, she wants us to be |.

a big city.a la Hong Kong, Tokyo

7 and Singapore. .:

Recently, 2 woman in Wood- °
craft was offered a fancy price for
her apartment by.an Asiatic, When

. she asked him why he wanted her
place, he told her he had already |

bought, every other apartment on

hat floor.
Regulations to prevent ‘the mass
“selling of residential real estate to
foreigners would not be unusual.

“The Australians have already put

SA oh atiaty have ‘asked

‘the ‘clamps on such sates. So have ©

some’other jurisdictions, including:

*-Prince Edward Island'and Hawaii:

ut the North Shore
bus depot being closed down’ and
ts staff being transferred to (Bul
aby did not meet with cheri's
rom the. B.C. Transit’ Authority

‘Transit spokesman Diane Gen- Y.

dron hinted that Get: This Strai:
° Get :This Crooked.
stated, for instarice, that it was
= nonsense to say that this move
would save money for.B.C, Tran-
it, what with drivers having to be:
paid $16 an hour: to get their buses

“How do you.
the odd $3867".

uters and calculators,'” she said.’
Straight ¥ was also crooked i in

“spent in renovating the North Van’
“ depot i in. the last year ‘or so; she®
aid: had written that it was $2.7:

dronn again aati “it has been!
. $704, 000, most of which will be,
: recoverable,”

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