[cressydrift]

Seems like a lot of doom and gloom in this thread sprinkled with some good points.

I think some people are forgetting why Vancouver + GVRD is so good. Weather (best in Canada), leisure activities (any outdoor sport imaginable), standard of living, and general overall vibe. Canada in general is attractive to foreigners with Vancouver being the best city in it. Secondly the GVRD is only so big and has so much land. If you drive within Vancouver city limits you know that their are no areas of vacant land to be developed so demand is high and supply is low. Yes I understand that taxes are high and the night life sucks and the traffic is terrible but these are minor. Im sure if you go back through 15 pages all of this has been covered.

Next, the population last year on earth hit 7 billion. 7,000,000,000,000 fuckin people and its still RISING. With Canada being a hot spot for immigration and Vancouver being the most diverse culturally they are going to keep coming to town. Coupled with massive natural resources projects within B.C I see no possible way a "bubble collapse" will happen. Speculators are always going to give a bunch of bull shit and personally I feel they stand to benefit.

With all that being said prices are higher than they should be (especially Vancouver), and a small correction and cool off would be a better prediction.