B.C. Real Estate Board and House Prices

foreign investors: Any suggestion that foreign investors, mainly from China, were fuelling the unconscionable rise in house prices was dismissed as data-less hyperbole, according to Globe and Mail. And if you didn’t believe it, the government urged skeptics to ask the B.C. Real Estate Board, whose mantra throughout the recent head-shaking rise in house values could best be summed up as: No Story Here. Until recently, the British Columbia government refused to recognize there was even a problem. This is a catch-all ASF view; only displays when an unsupported article type is put in an ASF drop zone Suddenly, there has been a dramatic reversal on the issue. Greater Vancouver average price for single-family detached houses sold last month was more than $1.8-million. It almost as if the B.C. government, and the new federal Liberal authority in Ottawa, realize that housing affordability is no longer merely an irritant but a genuine crisis. (www.immigrantscanada.com). As reported in the news.