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B.C. studying foreign ownership in real estate market, premier says

2016-02-02 08:08:00| Real Estate - Topix.net

The province is examining the potential impact of foreign ownership on real estate in B.C. Premier Christy Clark says the agency that manages and administers subsidized housing in British Columbia is studying the level of foreign investment in the real-estate market. Housing affordability is a hot topic in Vancouver, where the rental-vacancy rate is below one per cent and the average price of a home on the west side is now more than $2.5 million.

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