Langley Township Mayor Jack Froese said many Fraser Valley communities – including his – need to find ways to get more rental homes on the market.
"Not everybody wants to own a house," he said.
The audience included many major development and home construction firms.
Froese said developers want to build as efficiently and profitably as possible, but noted municipalities must plan carefully with an eye to the future.
Future residential development in Langley's Brookswood area will be controversial, he said, but called it a logical fit with development just to the west in Surrey, where the Campbell Heights industrial park is increasingly a magnet for jobs.
Against his original mandate Froese is pro-development.
In fact just about everyone wants to own a house. Many can't afford one for this very reason.
Stop the foreign speculative real estate investment and things will become less expensive. If the property is foreign owned then charge them more property tax for the honour of owning a part of Canadian soil. Housing and revenue alleviated...
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