Prohibit Sale of Residential Property To Non-Resident Foreigners
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WHEREAS Vancouver Lower Mainland and other communities in British Columbia are facing the mass displacement of residents of this Province due to prohibitive housing prices and rents,
WHEREAS it has been established that this unprecedented phenomenon heretofore unseen in any country except in times of war or armed conflict, is mainly due to speculation for profit on the Province's inventory of residential property,
AND WHEREAS The Province has the constitutional legislative and executive authority over property rights,
We, the undersigned residents of British Columbia, hereby demand that you immediately take measures to PROHIBIT THE SALE OF RESIDENTIAL PROPERTY TO FOREIGNERS WHO ARE NOT LEGALLY ADMITTED PERMANENT RESIDENTS OF CANADA.
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