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Achi news desk-
Politicians are desperate for developers in Vancouver to build more homes to ease pressure in one of the continent’s most expensive real estate markets. There’s just one problem – not enough buyers are showing up.
With mortgage rates still near their highest levels in more than a decade, some condo developers are struggling to generate enough early interest in projects to build them. House builders in the province of British Columbia are constantly against the clock: it has a law that gives them only 12 months to market their projects, collect enough deposits and secure the financing to build.
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