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Old Posted Jun 30, 2011, 5:22 PM
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someone123 someone123 is offline
Join Date: Nov 2001
Location: Vancouver
Posts: 20,274
Vancouver is ridiculous. There are a lot of foreign buyers and locals have become acclimated to forking over a huge share of their money for mediocre housing. I know people who are still looking at buying suburban properties with long-term mortgages (only 30 years now...). Everybody's convinced that prices will go up forever and now's their last chance.

I expect there to be a lot of carnage.
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