If there is one thing Vancouver has a lot of, it’s expensive houses.
As we showed earlier in early June, the world’s biggest housing bubble defied impossible odds, and less than a year after the British Columbia government imposed a 15% property tax on foreign buyers, soon after an initial dip, home prices rebounded right back to all time highs, rising 5% to a record C$1.8 million in May, while the number of properties sold was the third-highest ever for that month.