Quote:
Originally Posted by Winsor_Pilates
Where did you get this number?
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CBC news.
https://www.cbc.ca/news/canada/briti...ures-1.4456657
I don't get why there's so much residence to recognizing this fact. It's also not just Vancouver. It was a global market phenomenom, where every hot real estate market in the world was hit with a massive surge of foreign investment from 2015-2018. That investment then dried up overnight when China cracked down on capital exports.
Vancouver saw housing prices rise dramatically. They've now fallen to 2016 levels, but are likely to go further. It was the same pattern in London, New York, Sydney, San Francisco, Seattle, Toronto, etc...