"People weren't able to achieve their goals in doing this and so they quit making payments."
"The market in the Okanagan has really come to a standstill on that speculative investment front, and that is really what has been a major portion of the court-ordered sale thing that has increased so dramatically."
Everyone seems to think the Asian money tap will never end. But as the negative press compounds, will Hot Asian Money turn Vancouver into Kelowna?
Or, as this Global TV news story tells us, will Vancouver remain the most expensive housing market in North America?
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