Canada’s subsidizing foreign millionaires

Anyone who has spent time in Vancouver recently knows there is one topic everyone talks about: real estate.

The frenzied housing market, where tear-down homes sell for millions of dollars, is showing no sign of slowing down. In fact, 2016 is already breaking records for sales.

According to the Economist, Vancouver is the most expensive city in North America and the second-least affordable housing market in the world, after Hong Kong.

The average detached home now sells for over $2.2 million.

This gonna make you vomit….