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real estate trends are very persistent, so it is going to take some time for Vancouver prices to dip. the last 3 months of 2013 sales volume was already softening. but canceling of the investor program is definitely a catalyst to further price correction for the next 4-5 years imo. i still believe the real blood-bath will happen in 2016/2017 when rates go up and all the idiots who have leveraged up to their eyeballs renew their mortgage.
people have gotten way too much comfortable with their houses. i will buy when people start to cry talking about how much they lost in Vancouver RE.
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