Posts Tagged ‘expensive’

Real estate speculation: high home purchase and rental prices in Vancouver & beyond

Thursday, May 26th, 2011

Photo of Vancouver by Colleen Hardwick

Vancouver is in the throes of a real estate gold rush. While Australia, Hong Kong, Singapore and China have passed legal deterrents such as property speculation taxes on second homes, Vancouver (and all of British Columbia) have not. This has left us open to rampant real estate speculation, largely from buyers in Mainland China who, quite reasonably, want to invest in land and will do it wherever they can escape punitive taxes or other barriers.

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