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Housing Bubble?
 January 5 2016     Posted by Siemens Group


Are we in a housing bubble? Some economists say yes but the Minister of Finance, Joe Oliver, says that we are not nearing a bubble given the steps that have been taken by the Canadian Government to slow down lending.


So far this Spring has shown a brisk real estate market in Vancouver and the lower mainland. It seems like most places are selling within a few weeks of being listed if the home is priced reasonably and have a good layout. The condo market is not as hot as that for single family properties in most areas.


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