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Bank governor backs up agents

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Real Estate Professional | 29 Apr 2015, 08:04 AM Agree 0
The governor of the Bank of Canada is now singing from the same song sheet as real estate agents arguing the market is as safe as houses.
  • yc | 29 Apr 2015, 06:56 PM Agree 0
    Why are housing prices so high relative to what most local residents are able to afford in Vancouver? You're right in saying that it's not a bubble rooted to people buying up multiple homes to flip, most true Vancourites can't afford to so where is the money flooding in from? Are there too much foreign income sources that is flooding into Vancouver because there's too much leniency in immigration policies? I hear that even children of long time residents in the west side are getting squeezed out of their own neighbourhoods because it's getting way to expensive for even high paying professional jobs. Forcing them out to East Vancouver like Fraser and Mount Pleasant area which isn't the most desirable still for what you have to pay for theses days.
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