Items on the frenzied Vancouver real-estate market … just over this weekend.

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This is not a stable situation.  Some signs:

Gen Squeeze

As we approach the 1 year anniversary of the #DontHave1Million events, things have only gotten worse. In response, Gen Squeeze is launching the Code Red Campaign.

We believe all Canadians deserve a decent shot at affording a suitable home (renting or owning). And we’ll be campaigning on the principle of Homes, First (the idea that the housing market should be designed primarily to provide homes for community members to live in, over housing as investment vehicles or places to park money).

This event is sold out.

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An open petition asking the Government of Canada to take actions to potentially curb foreign ownership of property has been tabled by a Burnaby resident concerned about runaway real estate prices in Metro Vancouver

NDP MP Kennedy Stewart has sponsored Raymond Wong’s petition calling on the federal government to collect reliable data on offshore investment in Canada’s real estate market.

As part of a five-point demand, Wong is also asking Prime Minister Justin Trudeau to investigate suspicious transactions flagged by the Financial Transactions and Report Analysis Centre of Canada (FINTRAC) that are related to real estate, demand that non-residents register with the government in order to buy a home, and consider restricting such ownership arrangements.

Wong also wants the Canadian government to follow in the footsteps of countries such as Australia, USA, Hong Kong, England, Singapore and New Zealand, which have — to differing levels — placed restrictions on foreign home ownership.

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UPDATE – This just in via Item from Ian:

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