Quote:
Originally Posted by 4444
i cannot make solid decisions on anecdotes, and that's all that Vancouver has, anecdotes, stories, 'I heard' etc.
and, it's always 'different here' - i bet it's different in London, Singapore, LA, San Diego, NY, etc. all the other popular, overpriced cities (to name a few).
personally, I see the main driver being cheap money, I can prove that in the states based on transparent data, we know shit all in Canada
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its not really anecdotal. i have seen data for myself. but to post it on the internet would get most of us in trouble as that information is sensitive. like i said, the data is all there, the government just needs to report it, but they wont.
it is based on cheap money. im not denying that. I'm sure that's the number one factor contributing to the increase in price. ild say the second factor is our house horny culture where everyone has to OWN their home.
but to tell me that when you see thousands of foreign money buying million dollar homes and 3 or 4 half a million dollar condos doesnt affect the market is untrue. These people are pumping hundreds of millions into the market place.