Jump to content

canadian (especially vancouver) real estate


gurjot
 Share

Recommended Posts

  • 1 year later...

I've been saying it's expensive for almost six years now, but that doesn't seem to mean anything.  There is still plenty of money flowing around, rates are relatively low and supply/demand pretty even.  I even sold my place in North Burnaby, which in turn I used to buy a much larger, nicer place in South Surrey.  I don't think you will see a correction until rates start to rise dramatically, and it doesn't seem like that is happening yet. 

 

You are getting small rises in rates, but that is only spurring on the market, as buyers reduce supply and get in at historically low mortgage rates.  While China money is slowing slightly, same with European money and U.S. money, you still have plenty of money coming in from the Praries.  The resource sector has been hit hard, so that might start to affect prices a bit, but still no real slowdown.  Cheers!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...