Quote:
Originally Posted by blankall
Vancouver will continue to follow a similar pattern unless there's an extreme widespread global economic collapse. They'll be adjustments, but the general trend will always be up. Everyday there are fewer detached houses available and more people move to the area. Many people living in the burbs would prefer a more central place.
Obviously, if you can time the adjustments properly, you can make out like a bandit. Buying a place down 20-30% that goes back to pre-adjustment value in 2 years is a massive win. Timing the adjustments is easier said than done though.
The idea that Vancouver proper housing will drop and then be affordable to every working person is absurd. There simply aren't enough houses to get anywhere close to reaching that demand.
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Plus Canada's largest industry is facilitating money laundering and Vancouver is the corporate headquarters
