Quote:
Originally Posted by b5baxter
Note that these estimates are for Canada as a whole. Over-valuation in Vancouver may be higher.
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Or lower. Fortunately, or unfortunately, whichever way you would like to look at it, Vancouver garners a lot of international speculation. The second prices drop by a bit, people are there to snatch up that improved value. So whilst high prices may make things unaffordable for many here, Vancouver still is often to be a perceived 'good value' on the international market. It IS a desirable place to be, whether full time or not, and is a city of the 21st century with even better things to come.
Only time will tell if there will be a correction of any sizeable proportion here.