Aug 21

As The Vancouver Housing Market Implodes, The “Smart Money” Is Rushing To Get Out Now:

Just as the Vancouver housing bubble has burst, the “smart money”, which rode the bubble all the way up, has duly noticed, and wants out. Immediately. As Bloomberg reports, the Ontario Teachers’ Pension Plan is quietly seeking buyers for a minority stake in its C$4 billion real-estate portfolio in Vancouver, including office towers and shopping malls.

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