If ordinary purchasers gradually drive up real estate prices via natural demand then it's a crime against humanity. If a public organization deliberately overpays by a mile on a big acquisition then it's good government at work.
Let the record also show that it's laudable when the government buys a very large downtown property, but it's an outrageous offense when a condo developer proposes to buy some useless little traffic islands near the JSB.
Off topic, but the following always grinds my gears. Any journalism instructor would have put a big red strike through this back in the day:
B.C. Housing tackled two immediate crises, the COVID-19 epidemic and opioid overdoses, when it bought Paul’s.
A journalist would say, "B.C. Housing claimed to be tackling two immediate crises..."
Nowadays, only ordinary individuals (typically critics of something) will ever claim or allege anything in a news story. The governments, the military forces, the supra-governments, and even big corporations no longer need to make claims. They just make declarations that are self-evidently true and thus incontestable.
"The army invaded to stop the humanitarian crisis," or
"The government imposed the new tax to ease the housing crunch," or
"The company rolled out the tracing app to combat the spread of disease," etc.
If the government or a billionaire says it then it can't be a mere claim, right? It's the truth. Has to be. Always has been, always will be (since the early 2000s or thereabouts).