College kids are cheaply renting mansions in Vancouver from homeowners trying to dodge new taxes aimed at bringing housing prices down.
Natalie Wong and Natalie Obiko Pearson of Bloomberg
Fourteen students are paying C$1,100 a month for a nine-bedroom home with a steam room and billiards called"The Castle," Wong and Obiko Pearson said. And there are houses worth C$4 million renting for C$4,500 , a realtor told them. Vancouver was one of Canada's most expensive housing markets that slowed sharply in 2017 following new mortgage regulation and higher rates,
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