The Metro Vancouver Real Estate Thread

[rofina]

Lets be objective here - I think we can all agree prices are trending down. Its not apocalyptic out there, but there isn't much pressure on prices to move up.

I don't see why there would be any upward price pressure going forward, borrowing costs are up, trade wars abound, plenty new completions coming soon.

Like I mentioned above, I don't think were headed for US 2008 - but I do think we have a few years of stagnation ahead.

This also doesn't mean that I don't think that in 10 years things wont be significantly more expensive - its like that old saying best time to buy RE was 10 years ago, second best time is today.
Probably not far from the truth, but everyone is always scared to catch a falling knife, more confidence to get into a bidding war than pay under ask.

Such is the investing world.