Less Talk and Taxes, More Action Needed from Government on Housing

It's neither. It's a property owned by launderers crisis.

If there truly is 1.7 trillion laundered, then lets say 25% of that is still sitting in property (the rest already taken out). This is 0.425 trillion or $425,000 million. Say the average property was $1million (mix of condos when they were $500k downtown to condos at $1million later on, and a bunch of houses too). That would mean there are 425,000 properties owned by "investors" just waiting to come back on the market as the prices crash. Investors will sell their excess properties like investors do, cut the loss, also getting their money out in-case the government decide to start seizing illicit gains.

/r/vancouver Thread Parent Link - theprovince.com