Could ethical investing help ease Vancouver's affordability crisis?


cbc.ca | Published August 6th, 2017

By Bethany Lindsay

Wealthy foreign investors have taken heat for Vancouver’s out-of-control real estate market, but now researchers suggest they could be part of the solution to the affordability crisis.

A new report from the University of British Columbia’s Centre for Social Innovation and Impact Investing (S3I) sets out a few ways that socially responsible investment funds could create more affordable housing options in Vancouver and across the country…

…But there is a similar experiment underway here on a much smaller scale. Just two years, ago, New Market Funds launched Canada’s first affordable housing investment fund, raising $11 million to invest in four new housing projects on land owned by the city. The targeted annual return is six per cent.

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