Quote:
Originally Posted by Mathgod
We going to pretend that real estate speculators and anonymous buyers (often foreign) aren't playing a big role in this?
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The two issues are linked. A lot of the same people are both migrants and speculators. In Vancouver, for example, there's a surprising number of students who can afford multi million dollar priorities. The only reason speculators are involved in the first place is because there's a shortage. They know that prices will rise as people fight for homes, so it's always a good investment.