Posted Feb 8, 2016, 9:44 AM
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Registered User
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Join Date: Jun 2006
Posts: 3,916
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Density in Vancouver is not a problem. Metro Vancouver's growth is slowing and has never been lower, contrary to popular belief. Yes it should be easier to build higher density housing in the core. No this will not solve current problems of speculation and offshore money. What needs to be done is a re evaluation of the real estate industry in Canada. Canada is not unique and many other places in the world face or have faced similar problems. Only problem right now is everyone is too afraid to act, yet alone act in a heavy handed manner as is required to punish speculators in such a way that no one will speculate again. In any point current trends are not sustainable and eventually the market will correct, either rapidly through collapse or like Japan through a combination of collapse and stagnation. What I find most interesting is how so many people can be so irrational about prices and actually miss the obvious when prices are out of reach of locals. People don't realize what say a million dollars is. If they did they would run and stop speculating.
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