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Vancouver's housing market has been experienced rather ridiculous growth over the past few years; however, in the past months things have slowed drastically, and the bubble is looking like it might burst. Why do you think it might? ( Edited by karj )
http://thetyee.ca/News/2007/07/09/BubblePop/
Vancouver, housing, bubble, burst, interest rates, real estate
Tell us what you think....
I think the housing market in Ontario is at its peak too...from anything that I've read or heard on the news - things seem to be cooling off.
My fear is that it will be rather unaffordable for some time to come. That being said, it might be "less" unaffordable then. The market has already cooled in the last little while though, so I think we'll see a little bit of price correction even by fall. (Then of course, I'm a designer, and not an analyst, so what do I know?)
so whens the best time to move to vancouver then? 2011 when people just want to sell the houses for what they can get when there is less demand?
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