Comments on: Greater Vancouver Real Estate Prices Jump, While City Condos Slump

By: f. ayell

f. ayell — Sat, 02 Oct 2021 17:38:21 +0000

1 million was s threshold for homes a few years ago. Covid pushed the timeline and suddenly houses across Canada not only in select pockets like Vancouver, Toronto and Montreal were being snapped up.
Now as per Stats Canada highest number of FOMO and local speculation and increased immigration/multi family purchasing power combined with provincial red tape on building the supply cannot keep up with the demand. A great economic forum recently laid out the answer as social housing to meet the demand not incentives to the buy side which only fuels the demand.

By: Bryan

Bryan — Fri, 12 Feb 2021 18:27:26 +0000

Inflation doesn’t effect foreign investors, so don’t expect a devalued loonie to regulate housing

By: Frank Dock

Frank Dock — Tue, 09 Feb 2021 23:12:27 +0000

In reply to Tom Fawcett. Past performance does not predict future gains. Canadian, and in particular, Vancouver real estate has risen so dramatically that it would take decades of hyperinflation to slowly return to a normal market. Local incomes cannot support these prices. My money is on a crash.

By: Tom Fawcett

Tom Fawcett — Fri, 05 Feb 2021 21:22:04 +0000

In reply to Bob Walter. Bob...arm chair experts have be calling for the crash for at least 15 years. An yet prices keep going up. The price of the house is in Canadian dollars. If Ottawa keeps spending you can count on inflation, which makes the dollar worth less. My first car was a 1980 Firebird Formula. I bought it new for $9689. My parents bought their fist home for $14,500 in 1965. Inflation is coming, a crash not so much.

By: Bob Walter

Bob Walter — Wed, 03 Feb 2021 02:27:48 +0000

The higher they fly, the farther they fall.