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BC is by far and away the most impacted region. Let's list some quick housing prices examples: NL - Amsterdam up 15% in 2016 [-1] AU - Sydney up 17% over 5 ye
by RandyRanderson 10y ago
BC is by far and away the most impacted region. Let's list some quick housing prices examples:
NL - Amsterdam up 15% in 2016 [-1]
AU - Sydney up 17% over 5 years [0]
NZ - up 13% oct 2015-2016 [1]
BC - Metro Vancouver up 31.4% August 2015-2016 alone. BC (not just vancouver) housing prices have almost tripled since 2004. [2]
No, these new rules the BC government has put in place are not going to work. I've commented on the reasons before here:
https://news.ycombinator.com/item?id=12873156 https://news.ycombinator.com/item?id=12873156
https://news.ycombinator.com/item?id=12215490 https://news.ycombinator.com/item?id=12215490
[-1] http://www.globalpropertyguide.com/Europe/Netherlands/Price-History http://www.globalpropertyguide.com/Europe/Netherlands/Price-...
[0] https://en.wikipedia.org/wiki/Australian_property_bubble https://en.wikipedia.org/wiki/Australian_property_bubble
[1] https://www.bloomberg.com/news/articles/2016-11-02/the-rich-have-found-a-place-to-escape-the-horrors-of-the-world https://www.bloomberg.com/news/articles/2016-11-02/the-rich-...
[2] http://www.cbc.ca/news/canada/british-columbia/26-slump-in-vancouver-real-estate-sales-called-a-return-to-historically-normal-levels-1.3745825?kkk http://www.cbc.ca/news/canada/british-columbia/26-slump-in-v...