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^ If you have to move then move.
I mean, sometimes you can't put a price on your sanity.
To say how much something is going to drop is difficult. I'd be bullshitting if I gave you an exact amount. It's really impossible to tell.
It all depends on where in the Valley and what you're buying.
Keep in mind that if prices of condos in Vancouver drop, there is no chance prices out here are going to stay flat.
Example, if a house in Vancouver is $500,000 an equal home in Surrey cannot sell for $500,000. If a condo in Vancouver is $300,000, Surrey condos at $280,000 aren't going to cut it.
The closer you are to the city, the larger the premium. The irony is that in most cities, people drive into the city to work. In Vancouver, there are lots of people who live downtown but actually work elsewhere. If you don't believe me, look at any other large city and the way people commute. The idea of living near work has been eclipsed by the dream to live in the city.
Dream to live in the city? WTF? The only reason anyone lives in the city is because it's close to work! If not, why the hell would you live in a box when you could live in a nice home with more space and some freedom?
I lived downtown for a while and yes, it was nice but once I decided I didn't want to party anymore, there was little point for me to be there. There sure as hell isn't any work for someone like me.
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