reallyreal2 wrote:That's great for you....
Problem is many people have bought recently and stretched to do so. Many people bought presales with price gains baked in and have to close on higher rates than expected.
Really? Where's your reference that show this?
The mortgage delinquency rate in Vancouver is less than half the national average.
So it seems that high prices and being "stretched" are not related. Maybe, just maybe there are some very wealthy people buying here.
Notice how when I make this statement I back it up with a source. Try that.