Prices are up -
new study says that
over 70% of homes on the west side were purchased by Chinese buyers. That Chinese buyers have dominated the upper end of the real estate market is not news for any local realtor. That many of the new owners list their occupations as housewives or students is also no big surprise. Many families of all racial backgrounds, do the same thing. It is a perfectly legal way to avoid capital gains tax, So with the price hikes
can a crash be far behind?
not in Vancouver according to the federal housing agency. Full CMHC report is available here
. Get used to it, as a local columnist points out
governments are making too much money to do anything about it.