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Vancouver Real Estate News

Tuesday, December 6, 2011

Sanctions on Iranian investments into Canada could affect North Vancouver Real Estate

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I have just been informed that if clients have an income from Iran or are resident from Iran there are sanctions imposed by the Canadian Government which make it illegal for these people to bring in this money to Canada to invest as down payments or be given lines of credit. With as many as 50,000 Iranian people on the North Shore of Vancouver this has to have an effect on the market in north vancouver and the west vancouver real estate market.
 

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