Quote:
Originally Posted by afc wimbledon
There are plenty of people in Vancouver with a sight better education that are doing the same thing, this market is in an utter bubble, due for at least a 20 or 30 percent correction and yet no one in the indutry is mentioning it, when our interest rates go up 5 or 6 points it wont be any better here.
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Just as an aside in this discussion Vancouver is a bit of a different story especially over the last few years. Vancouver is seen as a very attractive market for housing for Hong Kong/Chinese well to do. There is a lot of Chinese money flowing into Vancouver, there is a long history there and a well established community to support this flow. When I travelled in China/HK recently I met a few people who told me they had condos/houses in Vancouver that they use as summer homes or for their kids education.
Apparently some of the best Cantonese cuisine restaurants in the world are in Richmond.