Tag Archives: Foreign Investors

Community

Reflections on the eradication of Canada’s middle class 

A recent article in the Capital Daily outlines how the housing crisis is eradicating Victoria’s middle class. 

Throughout British Columbia, the average rent and mortgage payments exceed what many people can pay. 

“What’s been happening over the last 10 years is that the share of homes bought by first-time buyers has been declining, and their market share has largely been taken over by investors,” said John Pasalis, president of Toronto-based Realosophy Realty, told CBC News.

He added that, contrary to what many believe, the lion’s share of the investors were domestic owners who purchased a second home as an investment. 

Continue reading Reflections on the eradication of Canada’s middle class  →
Forests, Indigenous Nations, Justice

Update From Fairy Creek: interview with Kathleen Code

[Kathleen Code is is a spokesperson for the Rainforest Flying Squad and other land defenders attempting to protect old growth areas at Fairy Creek. She founded the legal team, and is also a member of their media team. Since joining the effort in August, 2020, she’s worked closely with elder Bill Jones to understand the situation of the Pacheedaht First Nation, in particular their interactions with industrial forest company Teal Jones and the NDP government. I interviewed Kathy on December 3rd 2021, asking her for an update to round out the “Cortes At Fairy Creek” story. This is a lightly edited transcript of that interview.]

Continue reading Update From Fairy Creek: interview with Kathleen Code →