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Listing prices of Vancouver homes plummeting amid ‘significant headwinds’

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Ephraim Vecina | 09 Dec 2016, 08:15 AM Agree 0
One home sold over half a million dollars below its initial asking price
  • DIZZY | 09 Dec 2016, 11:36 AM Agree 0
    The Vancouver market was in decline long before the foreign tax came into effect. Real Estate was way over valued in Vancouver and the Canadian economy has not exactly been hitting on all cylinders. Currently there is a real estate bubble in Beijing as well as a faltering Chinese economy. These conditions will be felt in the Toronto market in about two months , if not already there now.

    Couple that with a German and French election coming up and Italy's continued recession , world economic melt down by 2018.
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