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Keeping it Real
Meet Jacquie McCarnan your host for Keeping it Real, the Vancouver and area residential real estate podcast that aims to demystify all things real estate in our crazy market.
Jacquie has been a licensed Realtor since 2016 and, in that time, has come across just about every scenario you can think of in our residential market. From hoarder homes to those for sale by owners to crazy strata situations and more, Jacquie provides real stories to help you navigate real estate in Vancouver and surrounding areas.
Each episode of Keeping it Real is short and to the point and provides you with great information about the topic discussed. Jacquie is always available to answer more in-depth questions and is happy to feature your own experience in future episodes.
Episodes also contain additional, non-real estate info about local businesses, experiences, and hidden gems around town that will make you sound like a local expert!
If you live in Vancouver or surrounding areas you know that the #1 thing people talk about is real estate (then the weather) if you want to sound knowledgeable and up to date on the real estate part listen weekly to hear topical issues that affect our market. We try to pick the most interesting and current issues to demystify each week and eagerly anticipate your input.
Join us every week for the very newest info on residential real estate in Vancouver and area.
Keeping it Real
6. Foreign Buyer's Ban & Other Affordability Questions
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In this episode of the 'Keeping it Real' podcast, Jacquie McCarnan delves into the recent extension of the Foreign Buyers ban in Canada and its perceived impact on housing affordability. Despite the ban's intention to make properties more accessible for Canadians, Jacquie highlights the surprising statistic that only about 7% of BC homes are owned by non-resident investors.
Jacquie emphasizes the need for public input to identify viable solutions, questioning the potential unintended consequences, such as higher interest rates affecting lower-end market affordability. She also explores various government measures, including taxes and incentives for rental buildings, expressing concerns about their effectiveness in addressing affordability.
Alongside her expert analysis, Jacquie offers a local business recommendation and shares a book tip, "Hello Beautiful" by Anne Napolitano.
Finding practical solutions for the housing market? Don't miss out – hit play now and stay informed!
What was covered:
(01:13) Extension of Foreign Buyers ban in Canada.
(03:32) Unintended consequences of the 2016 Foreign Buyers Tax.
(04:49) Introduction of the Foreign Buyers Ban in January 2023.
(09:23) Impact of rising interest rates on affordability.
(10:33) Illustration of the impact on first-time homebuyers Natasha and Sean.
(13:19) Mention of Singapore's model for foreign ownership rules.
(15:29) Call for real solutions and a committee to address affordability.
(16:13) Acknowledgment of potential backlash for a 60% spec tax.
(18:46) Book recommendation - "Hello, Beautiful" by Anne Napolitano.
