There is a bubble in real estate across this country, but Vancouver is the biggest bubble of all, with Toronto and Calgary tailing behind them. Here in The Queen City, rent has doubled in a few years and starter homes have gone up 4x in ten years. When the west coast bubble obursts, there's 2 ways that I can see things play out.
The bubble bursts across the country, and home prices in Cities crash, and farm land price explodes, maybe doubles.
Home prices in the interior BC and the prairies rise drastically as people flee the big city markets.
But No one knows for sure what and when will happen.
Also throw in that our Glorious Leader ain't making any friends overseas, the Asians may all of a sudden cut and run from Vancouver with whatever they can get for the property!
Good analysis E.
When “normal” returns, a pile of junk in kitsilano will no longer be 4mil.