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Canada

polly7

(20,582 posts)

1. Damn. That's sobering and scary.

Reply to Tindalos (Original post)

Wed Dec 7, 2011, 06:23 PM

Dec 2011

"Carney identified two drivers of Vancouver’s explosive housing market growth: low interest rates and the movement of Asian capital into “selected international housing markets as those investors seek out diversification and hard assets.”

Maybe it's time B.C.'s gov't needs to take a look into the benefits of these investments versus the harm.

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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