Curbing foreign investment in B.C. real estate could cost $1B

Documents from the British Columbia Finance Ministry say the province would lose $1 billion in residential real estate sales and almost 4,000 construction jobs if government moved to reduce foreign investment in the housing market. The six-page analysis comes as economists, academics and real estate experts propose a tax on owners of vacant properties to generate a potential

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Vancouverites should not worry about the housing market: National Bank

Canadians should spend less time worrying about housing markets in Toronto and Vancouver and more time worrying about Montreal, Regina, Saskatoon and Winnipeg, suggests National Bank economist Marc Pinsonneault. Vancouver’s overheated prices and Toronto’s burgeoning condo supply tend to steal the spotlight, but Mr. Pinsonneault believes that more recent overbuilding of both houses and condos in

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