(THE NEWS/files) It is not correct to blame foreign buyers for not contributing to economy. It is not correct to blame foreign buyers for not contributing to economy. (THE NEWS/files)

LETTERS: ‘Foreign buyers contribute to economic growth’

‘Tax loopholes need correcting.’

Editor, The News:

Re: Metro homes sales take big dip in April.

While it is correct to identify government tightening stress test impacting house sales, it is not correct to blame foreign buyers as not contributing to our economy.

Foreign buyers will and have had some short-term influence in housing prices. But to say these investors are not contributing to economic growth is wrong. All investors contribute to the economy — even illegal ones who do not pay taxes.

On taxes, those loopholes need correcting like so many used by Canadians. If an investor buys a house in B.C. (even if he or she leaves it vacant), that grows the economy. It decreases supply and motivates developers to meet the increased demand. The price may temporarily go up, but the increase in construction and jobs all help to grow the economy.

Any input of money buying houses, cars or other personal things will grow the economy no matter where the money comes from.

Dan Banov

Maple Ridge

‘Choked’

Editor, The News:

Re: Maple Ridge public hearing blasts housing plan near river.

I am totally choked that this development has been approved for 26 homes. I have lived in this city for over 50 years and have seen the damage done when this river goes on a rampage, as it has several times.

I only hope that whoever purchases a home in this area is advised that they are on a floodplain and should keep their hip waders handy, because it will flood.

Skip Johnson

Maple Ridge

‘Cut cost of climate change’

Editor, The News:

Climate change isn’t some distant risk to our grandchildren. It’s been affecting us since pine beetles destroyed a forest the size of Sweden, costing $43-billion in lost lumber, $10.2-billion in lost stumpage fees, 27,000 direct jobs, and hundreds of millions for B.C.’s Pine Beetle Action Plan.

The cause is climate change driven by an increase in atmospheric greenhouse gases from fossil fuel combustion, leading to milder winters and hotter drier summers.

Climate change increased the frequency and severity of B.C.’s wildfires. In 2018, wildfires burned 1.2 million hectares, cost $568 million in fire suppression, and displaced 65,000 people. Climate change doesn’t just favour forest diseases, insects, and wildfires; it has other costs, such as melting glaciers and warming fish-bearing waters.

These expenses are the taxes we’re already paying in B.C. for the carbon we’ve dumped into the atmosphere. We need climate action now to cut the cost of climate change.

Robert Macrae, environmental

technology instructor

Castlegar

Just Posted

Moonstruck amateur historian chronicled lunar missions

Maple Ridge man’s 50-year-old scrapbook under the gavel on anniversary of the moon walk

Head of Ridge Meadows Sally Ann moving on

Darrell Pilgrim has taken new post on the Sunshine Coast

Campers forced to leave property after reports of trash being thrown in Fraser

A crew was on site Monday to clean out the wooded area in Maple Ridge

Charge laid in Abbotsford motorcycle crash that killed Maple Ridge woman

Megan Kinnee, 19, died in collision on July 13, 2018

VIDEO: B.C. MLA Michelle Stilwell takes first steps in nearly 30 years

‘It actually felt like walking. It’s been 27 years… but it felt realistic to me’

Report of dead body in B.C. park actually headless sex doll

This discovery, made at Manning Park on July 10, led police to uncovering two other sex mannequins

Grand Forks fire chief found to have bullied, harassed volunteer firefighter: report

WorkSafeBC, third-party human resources investigation looking into allegations complete

Dog recovering after being drenched in hot coffee, B.C. man charged

Man was taken into custody, charged, and released pending a court date

Taekwondo instructor, 21, identified as B.C. bat rabies victim

Nick Major, 21, an instructor at Cascadia Martial Arts in Parksville

Science expedition to Canada’s largest underwater volcano departs Vancouver Island

Crews prepared for a two-week research mission to the Explorer Seamount

B.C. shipyard to get one-third of $1.5 billion frigate-repair contract

The federal government has promised to invest $7.5 billion to maintain the 12 frigates

Worried about bats? Here’s what to do if you come across one in B.C.

Bat expert with the BC Community Bat Program urges caution around the small creatures

B.C. on right road with tougher ride-hailing driver rules, says expert

The provincial government is holding firm that ride-hailing drivers have a Class 4 licence

Most Read