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Canada

Tindalos

(10,525 posts)

6. I hope you're right about peaking.

Reply to Fiendish Thingy (Reply #5)

Sun Dec 11, 2011, 01:05 PM

Dec 2011

They've been predicting that for years and it hasn't happened yet. It's true the $5M condo is an extreme here. It irks me that they're knocking down lower income housing/rentals to gentrify the neighbourhoods. It makes housing even tougher for low income/renters. Real estate is cheaper out in the valley, farther from downtown, and they're getting more accessible as transit improves. One of my favourite things about Vancouver is the high urban population even downtown.

Welcome to BC!

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Sobering Warning from the Governor of the Bank of Canada on Vancouver housing costs [View all] Tindalos Dec 2011 OP

Damn. That's sobering and scary. polly7 Dec 2011 #1

Probably not until we get a new government. Tindalos Dec 2011 #2

Sickening. So sorry:(. polly7 Dec 2011 #3

Yes, the prices in Vancouver are so over-inflated.... Spazito Dec 2011 #4

Yes Tindalos Dec 2011 #7

The market appears to have peaked... Fiendish Thingy Dec 2011 #5

I hope you're right about peaking. Tindalos Dec 2011 #6