Quote:
Originally Posted by Lubicon
When I graduated university in 1989 Vancouver was one of the places several of my friends moved as it was the centre of hard rock mining. At the time houses were something like $300k (I don't recall the exact about but probably double or more what they were in Edmonton/Calgary.) We couldn't fathom how anyone could afford to buy a place there or live there. There was no way housing prices could continue increasing, there would have to be a crash eventually. That was 30 some years ago.
|
I have this conversation every day for 14 years now.
Now I'm going into bidding wars with clients for houses against 21 other people and it's the craziest market I've seen since 2016.
There's ebbs and flows, but the overall trajectory is always been steadily upward. It's a crazy thing.