[Harvey Specter]

Originally Posted by 4444

Do you realize that this 'if we build it, they will come' attitude towards condos is a short term phenomenon?

Who is going to buy places in the Indian area? People who want to live in a condo, but at high prices required nowadays to build it, you'd might as well buy closer it cambie, kits or downtown

Vancouver is not special. It is not different. Currently, you build, they will buy works on 3% mortgage and a feel good hippy song time about real estate! this will all end soon, and it will end ugly - you can't just sprout off a neighbourhood and say 'ya, I see hipsters (most of which live paycheque to paycheque, so no buying real estate from these losers), I wish I could buy there'

Why don't u want to buy in Ladner, they've just released plans to build a replacement for Massey tunnel, that price will be built into real estate there before it gets built, buy now or buy never, this bridge will make mass development come to Ladner/tsawwassen.

If you believe a word of that last sentence,you're either an idiot, or a realtor (same thing) - in the Ladner/tsawwassen case, the fact it's tolled will kill any development, as will the fact that it's one of two significant bottlenecks, the other is still there, also, prices are already way too high there, so by 2017, prices will be lower than they are today

That area is changing and like I said a lot of EI families are moving out. But in general I agree there's better opportunities outside of Vancouver.

I was looking at units in south Surrey and Langley, some really good deals out there but I don't see much of a rentals market and I don't see values of the units going up anytime soon because there's such a supply of units available. Every corner you turn you're seeing a brand condo development going up. And funny you mention Ladner, I have family friends who just unloaded agricultural land around the city hall area for just over $4 million to a Asian developer.