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In Vancouver, property pays better than stocks or bonds

But its "liveable" qualities are also making it unaffordable as soaring demand makes rise in home prices seemingly unstoppable

The Vancouver situation shows just how difficult it is for policymakers to control runaway prices. Despite a string of measures, including a 15 per cent tax on foreign buyers, the price of the typical detached house surged to a record C$1.6 million in July.


IN the spring of 2012, Dustan Woodhouse, then a 40-year-old Vancouver mortgage broker, broke the cardinal rule of saving for retirement: he liquidated his retirement fund, took the tax hit and ploughed the rest into the local real estate market....

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