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This is FAKE news. I heard from a construction manager white guy, he said lots of new projects are pending or cancelled because lack of buyers. The price downturn pressure is very high, while you might claim price increased but as people who play stocks knowing that when big short coming, the price always goes up but the volumes are low, keep in mind not rushing in at present low volume high price time stamp.
Next week I heard that the NDP in BC will introduce the new "Speculation Tax" which means you can buy multiple properties but you have to pay taxes if sell the property in holding short period of time. The shorter you hold the much higher taxes you will pay. |
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