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To counter that
Vancouver has no real economy
Most of those 7billion people are way too poor to live in and afford Vancouver
Vancouver prices as a multiple of earnings (see my first point) are way out of whack
Trust me, Vancouver ain't that great, 6 months of rain and constant cloud cannot be made up for by 4 months of pretty nice weather
Fundamentals rule, one can always make an argument as to why real estate should go up, short term prices are based on emotion - long term are based on fundamentals
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