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Re: Re Oil and the
market
Check out this remarkable story about the Canada real estate
bubble. Vancouver detached homes up from $400K in 2003, $800K in
2009, to $1,825K last month! This despite their economy tanking
with oil. I assume their tumbling dollar is a big factor here,
drawing in foreign buyers and likely pricing out many locals who
are still getting paid what they did some years ago.
zerohedge.com/ne...illion
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