B.C. developers press for easing of foreign investment laws to avoid crash in construction industry

Major players in B.C.’s housing industry are calling on federal and provincial governments to loosen restrictions on foreign investment in Canadian homes to avoid a crash they say will deepen the country’s housing crisis.

The B.C. industry players have written to Prime Minister Mark Carney and federal Housing Minister Gregor Robertson outlining their concerns. Toronto developers, whose industry is struggling with some of the same challenges, have said they support the measures being urged.