“The Deals Are Collapsing” – Vancouver’s Housing Bubble Has Burst

Wednesday, August 3, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 3, 2016

As a new dawn breaks in Metro Vancouver’s real estate market, realty companies are reporting the first anecdotes of deals falling through as foreign buyers forfeited deposits on binding deals rather than pay the new tax, while local buyers withdraw offers in expectation that the market will tumble. In short: the Vancouver housing bubble has burst.

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