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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.95

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Nov 13 4:00 PM EST

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To: Elroy Jetson who wrote (113854)	10/18/2015 3:39:23 PM
From: Slumdog	Read Replies (1) of 217749

>>A real estate price bubble is an irrational demand to own real estate which is not consistent with the desire to live there.<< Prime Minister Stephen Harper promised new measures to track foreign home ownership in Canada and even hinted at restrictions on buying, during a press conference in Canada’s most expensive housing market. “There is another matter I hear a lot about, especially here in the Lower Mainland of British Columbia, that is Canadians struggling to afford a home,” Harper said at a press conference in Vancouver. “There are real concerns that foreign, non resident real estate speculation is the reason some Canadian families find house prices beyond their budgets. Without citing any sources, Harper reiterated local claims that as many as 15 per cent of condos in Vancouver are sitting empty. “No dreams are living there. If such foreign ownership non-resident buyers are artificially driving up the cost of real estate and Canadian families are shut out of the market, that is a matter we can and should do something about.” business.financialpost.com

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