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Since I've moved to Vancouver in February of last year I've become accustomed to daily news updates on the real estate market. There are other towns like Squamish that are on the winning end of the housing crisis in Vancouver -- these towns are getting young families that will one day help their town prosper.
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The Loonie is the lowest it has been in 15 years, a barrel of gas is trading for less than $30 -- compare these factors against the rising U.S. greenback and you get one gloomy economic forecast. However, there is one section of our economy that seems to be unaffected, as real estate is showing little signs of slowing down.
"The goal is to support those living in parts of the province that have seen skyrocketing real estate prices."
When you think about heritage in Vancouver, you probably think about old houses. But it's not just the city's historical residential homes that have value worthy of preservation. The real history of Vancouver lies in its industrial buildings.
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The executive director says she feels "complicated" about taking the money.
"Greater Vancouver is a special place in terms of property ownership. People come here from all over the world, and feel safe and at home. This has created a firestorm with respect to owning property, not only from our neighbours to the south, but also China, South Korea, Iran, India and other parts of the world."
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The 26,000 sq.-ft. house spans two lots and dwarfs its neighbours.
The announcement comes a day after this year's property assessment was published.
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You need deep pockets to live here.
No. 4: Prices are expected to continue climbing.
The prices keep climbing while the supply dwindles.
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As many as 70 per cent of those living in the complex speak Mandarin.
The Liberal Party promised to "undertake a review of escalating home prices in high-priced markets -- like Vancouver and Toronto -- to determine whether speculation is driving up the cost of housing, and survey the policy tools that could keep home ownership within reach for more Canadians." But this may be one of the first promises to fall by the wayside.