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Real estate association releases Q3 forecast

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Justin da Rosa | 25 Aug 2016, 09:27 AM Agree 0
Record starts and forecasted price moderation are on the horizon for one of the country’s hottest housing markets
  • MFenn | 25 Aug 2016, 11:25 AM Agree 0
    Piling on taxes and anti-foreigner (sometimes a euphemism for anti-Chinese) sentiment can, I suppose, be masked by euphemisms such as 'moderating'. Just as 'opting to support the stability of the neighbourhood' can be a euphemism for realtors setting up a hidden racial filter in some BC neighbourhoods. But it's far from moderation all round. Piling on taxes on some buyers - not others - is a way of saying that nativists have less confidence in the Canadian property market than buyers of overseas origin and so the overseas buyers need to be penalized for their confidence. What an odd way to try to increase market confidence!
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