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October 5, 2016 07:31 am PDT

July: Vancouver imposes a 15% tax on foreign real estate speculators; September: home sales drop by a third

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Vancouver has been wracked by a white-hot property bubble driven primarily by offshore speculators, mostly Chinese, who have driven up the price of housing beyond the means of working Vancouverites, crippling the city's daily life as workers, students and families struggle to find somewhere -- anywhere -- to live. (more…)


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/G26Q92KK_GM/july-vancouver-imposes-a-15.html

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