Saturday, June 02, 2018

Vancouver's real estate bubble

British Columbia is trying to tax Vancouver's crazy expensive housing market into submission – and homeowners think it's great. "If I got to lose 200 or 300 grand to keep the kids and the future of this place, so be it." Condominium towers in Vancouver, British Columbia, where housing costs are up by about 60 percent over the past three years. About a fifth of local homeowners in a survey said they’d like to see prices fall by 30 percent or more.

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