Quote:
Originally Posted by Fighting Banana Slug
Agreed. The Vancouver market seems destined for a crash. It is a shame because it seems this bubble could have been avoided (or at least mitigated substantially), by enforcing current law. Anti-money laundering enforcement seems like an obvious starting point. The primary residence rule on capital gains should be a very simply issue to deal with which would make the Vancouver market (and Canadian market in general) less appealing. None of this unnecessarily targets foreign buyers or should invoke claims of racism either.
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Our government officials should all be tarred and feathered. Their complacency will make us all suffer.