Madam Speaker, there is a housing crisis in metro Vancouver, as well as in British Columbia. I have here today an electronic petition signed by 11,461 people who are calling upon the government to take immediate action on this issue. They are concerned about seniors being driven out of their homes, young professionals being driven out of the region, and people not being able to continue their lives and to age in place.
The residents who have signed this petition would like financial transactions that are flagged as suspicious to be reported, to have the real estate council and lawyers disclose information about buyers and sources of incomes, and to study restrictions on foreign investment in place in other jurisdictions, such as Australia, U.S.A., Hong Kong, and England.
This is an urgent issue that is affecting many thousands of people in Vancouver and the metro Vancouver region, so I urge the government to take immediate action to address this petition.