Did you know in Canada, even this “burned out house, open to trespass” house is worth $ million? For Vancouver, housing and income don’t add up KERRY GOLD The Globe and Mail It’s no secret that the rich investor class is buying up properties in cities around the world, including Vancouver. In Manhattan, the super rich foreign […]
For Vancouver, housing and income don’t add up
KERRY GOLD | The Globe and Mail It’s no secret that the rich investor class is buying up properties in cities around the world, including Vancouver. In Manhattan, the super rich foreign class is driving a boom in luxury condo towers that is widening the gap. Places such as London, and Sydney are feeling the hard […]
Vancouver Housing Bubble: Absurd Prices Highlighted
Amid the weekly up and down reports on Vancouver’s housing market is one constant: a regular blog feature called “Absurd Vancouver Property” that highlights the city’s ridiculous property prices. Melissa Carr aptly calls the section “Are you f*%#ing kidding me?” on her blog, the thirties grind. Starting in March 2012, Carr finds eyesores, teardowns and just plain dumpy housesoften selling […]
Economist predicts big drop in Vancouver housing prices
Thinks prices will fall 25 per cent over the next few years Richar Dettman A Canadian economist is breaking ranks and predicting a much bigger drop in home prices than others in his field.David Madani expects housing prices to fall 25 per cent “over the next few years,” with Vancouver leading the way. That’s a […]
Vancouver Housing Bubble: Robert Shiller, U.S. House Price Guru, Says He’s ‘Not Investing In Vancouver Real Estate’
Vancouver’s housing bubble is more extreme today than California’s was a few years ago, says one of the U.S.’s most renowned housing market analysts. Robert Shiller, co-creator of the Case-Shiller Index, which measures U.S. house prices, told BNN late last week that “Vancouver looks like part of California” when it comes to its housing market. […]