Hyde estimates the province is 25,000 listings short of what is needed for a balanced market and said the lack of supply may be further exacerbated by the 70,000 to 80,000 immigrants B.C.
Alex Goseltine, executive officer of the B.C.
He said a cooling off period as proposed by the government would allow buyers to purchase a home as a speculative financial asset, fix the price and then actually decide whether to buy it for real or not a few days later without needing to pay a percentage for that flexibility.
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