The trendy Yaletown area in Vancouver, Canada. New taxes triggered a transaction slump in the city in August but did not have a comparable effect on prices. Photo: Xinhua

What Vancouver can learn from Hong Kong on cooling housing markets

Albert Cheng warns that the British Columbia premier’s policy of extra taxes on foreign homebuyers could misfire; the best way to make homes affordable for locals is to build more public housing

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The trendy Yaletown area in Vancouver, Canada. New taxes triggered a transaction slump in the city in August but did not have a comparable effect on prices. Photo: Xinhua
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