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Task Description: ] Vancouvers housing market - looking at the issues plaguing the overheated Vancouver housing market (CC Toronto housing market )

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Content: use HTML Edit Content <h1 style="text-align: center;">CREATE-article# 4945</h1> <h1 style="text-align: center;">vancouvers housing market - an overview</h1> <h2>[previously]</h2> <ol> <li><strong>[2016-02-06]&gt;[00:00] NEW task IN&nbsp;</strong></li> <ol> <li>x] # 5984 - CREATE-<a href="/view/task?id=5984" target="_blank">article# 4945 - vancouvers-housing-market</a>(this)</li> </ol> <li><strong>[00:00] NEW article IN&nbsp;</strong></li> <ol> <li>x] # 4945 - <a href="/view/article?id=4945" target="_blank">vancouver-housing-overview</a></li> </ol> <li><strong><strong>[2016-02-08]</strong>[00:00] UPDATE task IN&nbsp;</strong></li> <ol> <li>x] # # - UPDATE article# 4945 - vancouvers housing market - x] ADD links news - &nbsp;x] # # - when will the van housing bubble burst? x] &nbsp;# # - van housing - by ryan holmes&nbsp;</li> </ol></ol> <h2>[currently]</h2> <ol> <li>] &nbsp;</li> </ol> <h2>[next]</h2> <ol> <li>]&nbsp;</li> </ol> <div> <div><strong>] comment - housing - foreign investment</strong></div> <div>Let's assume the gov grew a pair and said hey this is an important issue for Canadians living/working in these cities, so foreign ownership is no longer allowed. What happens next?&nbsp;</div> <div>- Will the economy tank?&nbsp;</div> <div>- Will the price of Housing in these markets drop?&nbsp;</div> <div>- Will their be an uprising of the silent majority(homeowners) who feel that the values of their homes maybe impacted?&nbsp;</div> </div> <div> <div><strong>] article - should foreign investment be controlled or stopped?</strong></div> <div>+ TAX - foreign&nbsp;</div> <div>- a new temporary national tax on foreign ownership</div> <div>- 20% tax paid to federal government on all home purchases (GTA,GVA)</div> <div>- anyone caught gaming system would by subject to property forfeiture</div> <div>- income generated from the tax is directed to building "affordable" housing in targeted areas</div> <div>-&nbsp;</div> <div>+ TAX - speculation</div> <div>- a new temporary tax on homes resold &lt; 5 years after their previous sale in selected markets(GTA, GVA)</div> <div>- individuals can claim a 1x exception&nbsp;</div> <div>- ex buyer joe buys house in Vancouver in 2012, in 2014 joe gets transferred to toronto and sells house. buyer bill&nbsp;</div> </div>