Mayor of Vancouver Gregor Robertson, pictured in 2013 on a visit to Hong Kong, said on Sunday that due to “unregulated, speculative global capital flowing into Metro Vancouver’s real estate, we are seeing housing prices completely disconnected from local incomes”. Three years ago, he had labelled concerns about Chinese money and its impact on Vancouver prices as “ridiculous”. Photo: SCMP Picture

Vancouver mayor Gregor Robertson eyes vacancy tax amid debate over Chinese money and offshore investors

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Mayor of Vancouver Gregor Robertson, pictured in 2013 on a visit to Hong Kong, said on Sunday that due to “unregulated, speculative global capital flowing into Metro Vancouver’s real estate, we are seeing housing prices completely disconnected from local incomes”. Three years ago, he had labelled concerns about Chinese money and its impact on Vancouver prices as “ridiculous”. Photo: SCMP Picture
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