If It Weren’t So Expensive It Would Be Funny

Posted by Michael Campbell

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In a superb lesson in market timing, after all of the howls of protest peaked and Vancouver passed a law to make housing more affordable sales have just collapsed.

The law has barely taken effect and recent numbers released show single family Vancouver home sales down over 70%. Down 86% in the suburb of Richmond!

It is going to be expensive for some people. Is it a bear market or correction?

…more from Ozzie Jurock: The Shocking Drop in Vancouver Real Estate