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

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…)
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