Quote:
Originally Posted by 4444
In the 90's and early 2000's prices made sense from a fundamentals basis - we will get back to what fundamentals dictate. They did in the US, have done in Britain (where space is way more of an issue ham Vancouver), Canada and Australia are late to the party due to more conservative banking, natural resources, and the ability to lower interest rates... The were short term inflators
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Canada has friendlier immigration policies than any other developed country in the world (and generous social programs which allow the children of immigrants to be educated here at incredibly low costs) and Vancouver will remain an attractive place for the Chinese because of the high population of Chinese already here.
Plus... the underground economy is huge here. Some of that money has to get clean and once it's been through the restaurant and service industry, eventually it goes into real estate.