The Canadian Real Estate Market is so overheated that the IMF has come out and labelled it Risky, while RBC is claiming it could destabilize the economy. Both bodies point to taxation and tighter credit controls as a solution, (aka, taxing the demand) while 2 councillors in Vancouver are pushing to fix the permitting process to help with the supply side. All price, sales and listings are on track to set all-time high records this month, showing that any sign of a slowdown is likely months away.
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Ryan Dash PREC
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The Vancouver Life Real Estate Podcast