[Krissy]

Originally Posted by squeezied

Here's my prediction, with China's slowing economy, homes being snapped up by mainland Chinese (who seem so ever so willing and eager to purchase anything expensive) will eventually die down. However, in the near future we'll still see an exodus of Chinese money continue to flow out of China, perhaps even greater than before, due to the growing lack of confidence in China. But this trend won't be sustained forever without a booming economy and will eventually die down. Unless there's another major foreign source of money flowing into our real estate market, thereby replacing China's role in elevating the market, I'm expecting a major correction. The party doesn't last forever.

In the past decades we've had a continual succession of wealthy Iranians, Taiwanese and Hong Kongers immigrating to Vancouver maintaining an real estate market. Immigration of these groups have substantially died down; the same will happen with the mainland Chinese, it's only a question of when. More importantly though are there any groups that can and will replace the magnitude of mainland Chinese money flowing into our real estate market? India certainly has the potential to with its growing economy and population, but in the foreseeable future, I don't believe that will happen anytime soon.

So that's my hunch, we're going to see a major correction within, say 5 years. Thoughts or other predictions?

I certainly hope so! Good times don't last forever!