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Home tax threatens foreign tech talent in Vancouver

  Bloomberg Vancouver’s technology industry is in danger of becoming collateral damage in British Columbia’s push to rein in spiraling home prices. The surprise decision last week to impose a 15 percent levy on overseas property investors may make it even harder for Vancouver to attract foreign talent and reach its goal of becoming a Canadian version of Silicon Valley. ...

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Million-dollar suburbs soar in wake of Aussie housing boom

  Bloomberg The number of Australian suburbs where homes command a median A$1 million ($762,000) price has surged in the wake of a four-year long housing boom driven by declining interest rates and demand from investors. Suburbs nationwide where the median value is at least A$1 million jumped 29 percent to 613 in the year ended June, and more than ...

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Mumbai home price recovery is 2 years away

  Bloomberg Home prices in Mumbai may take a couple of years to resume gains amid a glut of unsold properties, according to Indiabulls Asset Management Co., an investor in residential projects. Mumbai’s property sales have been sluggish as prices in India’s most expensive market continue to hover near a record reached in December 2014, crimping affordability and denting demand. ...

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