Quote:
Originally Posted by dave123
I havent logged into RS for almost a year now, I posted this back in Oct 2013.
So here we are about a year later.
No burst, prices in vancouver have all gone up.
Even though the immigration visa rules changed, the flow of china money keeps coming.
There's also a huge transition of wealth from older generations to the young providing down payments to first time home buyers.
Looking back at last year, Ive noticed that pockets of Burnaby have gone up quite a bit.
I'm interested to know what you all think now???
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Only people that are crying are the ones who didn't put their money into use. While I'm not getting 20% returns like that chart, I'm still doing better than owning property. My returns pays for more than my rent and I don't need to pay interest/mortgage or property tax. Think I'm doing ok.