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Vancouver Real Estate Mania

Vancouver Real Estate Mania

On January 29th, 2016, Vancouver went crazy.

The story of a humble 86-year-old home in Vancouver’s Point Grey neighbourhood was widely circulated by national media outlets and became a lightning rod for local frustration with skyrocketing property values.

The “knockdown”, with its rotting walls and $2.4 million asking price, perfectly underscored how crazy the region’s overheated housing market had gotten.

A month later, the house was sold for $80,000 above its asking price, rekindling public outrage.

OECD Warns Of "Disorderly Housing Market Correction" In Canada

OECD Warns Of "Disorderly Housing Market Correction" In Canada

With regulators and local authorities unable or unwilling to crack down on the unprecedented housing bubble in select Canadian cities, increasingly used by Chinese oligarchs to park hot cash offshore, the local banks are starting to take action into their own hands. Case in point, Bank of Nova Scotia has decided to ease off on mortgage lending in Vancouver and Toronto due to soaring prices, Chief Executive Officer Brian Porter said.

Forget FriendFinder - Maple-Match 'Connects' Trump-Hating Americans With Considerate Canadians

Forget FriendFinder - Maple-Match 'Connects' Trump-Hating Americans With Considerate Canadians

Following the spike in searches for "how to move to Canada," 25-year-old Texan Joe Goldman had an idea - "to make dating great again." His creation - MapleMatch.com - is a new online dating site that 'hooks up' Americans leery of living under a President Trump with friendly caring Canadians.

 

 

 

As NBC News reports, "Maple Match makes it easy for Americans to find the ideal Canadian partner to save them from the unfathomable horror of a Trump presidency," the site declares.

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