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Vancouver’s record-high real estate prices ‘an eternal problem’ Add to ...

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It was inevitable, after a record-breaking year for real estate sales in Metro Vancouver, that January’s round of property assessments would trigger demands the government do something about the rising cost of housing.

Assessments have spiked in a number of B.C. communities but in Vancouver, where the average selling price for a single detached home exceeded $2.5-million late in 2015, affordable housing is more of a political phrase than a reality.

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