Sorry ETB2, the stats prove otherwise. Do you remember 1982 when Vancouver's SFH prices plummeted by between 40% and 50%? Immigration was steady throughout that year and continued throughout the years of home price stagnation which followed.Demand is coming from population growth. If population retracts prices will do same in lock step. Tell me that immigration is subsiding and ill believe that prices can decrease for more than about six months.With record sales volume for 2016 - has it occurred to you that perhaps we have borrowed from future demand? There is nothing left to "pent up". And there won't be anything "pent up" for years because nobody can afford to live here - well at least SFH.Sorry, I dont see that happening. If recent history has taught us anything, its that a lack of sales creates a backlog of demand. Buyers have sat out the last 3 months...almost entirely. This pent up demand will most certainly halt the 2016 slide in prices.
And sales volume was first of 2016 and mads thereafter. I fully expect market April and onward to be brisk in 2017.
You make Geyser look like Albert Einstein.Other than the irrelevant picture, unrelated to any poster, educated people know that Gays , especially in downtown vancouver have an above average income compared to the general population.
to the moon!
I must admit that Albert and I do share some physical characteristics, but he was always much better at doing sums.You make Geyser look like Albert Einstein.Other than the irrelevant picture, unrelated to any poster, educated people know that Gays , especially in downtown vancouver have an above average income compared to the general population.
to the moon!
This is irrelevant. The globe and mail article is about the 2017 assessment. That's based on historical data from mid 2016. You really have no clue.not some john smith with a godaddy account
http://www.theglobeandmail.com/real-est ... e33473392/
Educated people know that the past is not a predictor of the future.That is related. The globeandmail article is about the assessment for last year. That's based on last years data. I really have a clue and you do not.