Quote:
Originally Posted by noclue
So recently I did a loop of the lower mainland and I'm shocked at seeing the amount of condos under construction. From the tricities to especially 4th avenue false creek. WTF theres like 5-8 condos going up in that area.
Vancouver can't sustain this growth, even a hipster city like Portland has a strong fortune 500 company backing it, along with massive investments into data centers from google/facebook/amazon/intel.
However my house assessment rose this year so I guess SFH still have some steam left. But if you bought a condo in the past few years.......  |
I used to think Vancouver was absolutely insane with how many new starts were under way until I started spending some time in Toronto.
Toronto leads North American high-rise construction - The Globe and Mail
Quote:
|
According to Emporis, Toronto now has 147 high-rises and skyscrapers under construction, compared to 72 in New York City. Vancouver ranked third with 21.
|
If that doesn't blow your mind, I don't know what will. I don't have great hopes for Vancouver which is why I have put my hunt for a condo on hold, but I can tell you it would be a cold day in hell before I bought a condo in Toronto in the near future.
Mark