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Buy now or buy never. You gotta love these real estate agents. It's like asking a barber do you need a haircut. I don't have a crystal ball on where the Vancouver housing market is heading. But I do know that when a 2-bedroom 700 square feet condo is selling between 400k-500k in Burnaby this is grossly out of reach for most first time home buyer. The real blood bath will probably come when rates go up in a couple years but as with the high consumer debt and sluggish BC economy a lot of folks are already dumping.
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