Quote:
Originally Posted by ssiguy
^ not true.
BC's population has slowed considerably. International immigration is down 50% in the first half of the year compared to last and probably more importantly BC had a net OUTFLOW of migrants with the rest of the country. It's the first time in a decade as many are realizing that an $80k a year job is a one way ticket to poverty. Rest assured thou, real estate will keep going up in Vancouver.............SFH prices just hit yet another record high last month in Vancouver now averaging $1.388 million. It's just $1.2 million if you are willing to forgo a bathroom.
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Oh ... I had no idea . Actually , come to think of it , yeah , I seem to remember hearing something about that (population stuff I mean) but I guess I ignored it . Thanks for the info . Pretty surprising though , that's for sure .
As for housing prices , they've always been a bit ridiculous based on what pretty much everybody has ever told me . I mean , I certainly understand why a new home would be more expensive there but the Lower Mainland in general has GOT to be reaching a tipping point . I have no idea how the GVR is doing as far as population growth is concerned but if the province as a whole is seeing no growth , that must affect Vancouver somewhere down the line . It would seem that the region is , strangely enough , pricing itself out of its own market if such a thing is even possible .
Mind you , people have probably been saying that for decades now .
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