Quote:
Originally Posted by raggedy13
Thought this article was relevant to the thread topic:
By MATT KIELTYKA, 24 HOURS
While I'm certainly not a fan of having prices get even more ridiculous for those that already live here, I do at least like that a healthy market leads to a building boom. I'm getting real hungry for some new development proposals around here. Other Canadian markets like Toronto and Montreal seem to be getting some good stuff proposed recently so I'm hoping it is only a matter of time before we see some more action in this regard as well. Your thoughts? |
Wow. Vancouver's top real estate marketer telling people to buy in the next six to 12 months, lest they be "priced out forever!" What are the odds that a real estate marketer would be telling people to buy homes?
How many of you have purchased a condo(s) in Torino, Salt Lake City, Albertville, Lillehammer, Nagano? But Vancouver is different, they say. Vancouver's real estate market will do what it will and the Olympics will have nothing to do with it. Look more to local employment, income conditions, the level of securitization of residential mortgages by the CMHC, etc. The Olympics effect will really be minimal. The real estate marketer is playing on people's fear, greed--and most importantly--ignorance, to further his own economic interest.