Comments on: Vancouver Real Estate Prices Rip Higher, As Detached Homes Rise $44,000 Last Month

By: Tom

Tom — Thu, 04 Mar 2021 18:44:51 +0000

After 25 years living in Vancouver Area, it’s time to leave. 300,000 (UK pounds) approximately $528,000 (Canadian Dollars) buy a new brick built house in a nice area in the UK.

By: Agreed

Agreed — Thu, 04 Mar 2021 03:02:31 +0000

In reply to Doomcouver. Oh there’ll be a few who are going to say that. They’re the same ones currently arguing it’s too big to fail... mania has set in.

By: Doomcouver

Doomcouver — Wed, 03 Mar 2021 18:45:59 +0000

Whenever Vancouver real estate prices collapse in on themselves if I hear anyone saying they “didn’t see it coming” I’m going to lose it. This is the most obvious and long running setup for a tulip-mania’esque real estate price implosion you’re ever going to see.

By: RW

RW — Wed, 03 Mar 2021 18:32:48 +0000

In reply to Daniel.

Except those charts show you wouldn’t have made anything over the past 3 years, during the biggest bull run in equities history.

Buy a house because you want it, not because you think it’s a “great investment.” They’re money pits that are constantly wrung for tax dollars. If you don’t have enough to be hit with school taxes, and you’re looking at a cheap condo, maybe. That’s a different story though.

By: Daniel

Daniel — Wed, 03 Mar 2021 04:24:07 +0000

With basically the lowest real estate tax rate in North America and an expected immigration boom, it is just a great investment. With the exception of short blips in ’08, ’13 and ’19, keeps going up.

By: Jason Durhee

Jason Durhee — Wed, 03 Mar 2021 01:57:10 +0000

I get the feeling there’s some overlap between this and the residential investment peaking.

By: Dave

Dave — Wed, 03 Mar 2021 01:55:42 +0000

Sounds healthy.