[kr4l]

Originally Posted by iEatClams

depends, if an earthquake hits or somehow Vancouvers economy goes down the shitter where a lot of people lose jobs, then I can see some significant price jobs.

It's dropping in Alberta, Fort Mac has seen almost 20% declines in prices:

Fort McMurray sees plunge of nearly $125,000 in average home prices with more pain to come | Calgary Herald


Even then, the vancouver detached homes market went up 20%+ in 2015, so going down 20% will just bring it back to 2014 levels.

Alberta is all about o&g. Lots of my friends have been laid off due to the recession. The decline in price is no surprise as many are out of jobs and it's not like China wants to move there. Alberta also has a shit ton of land to build on. Every year I head back to visit, there is a whole new community on the south side.

Vancouver on the other hand doesn't have much except tourism. Everyone I know says they take a pay cut if they move to Vancouver which is true. I don't see a significant job loss coming because Vancouver doesn't rely heavy in any industry. It's not like people will stop coming to Vancouver and the tourism market will just die. O&g was the ONLY thing Alberta had going for them. Once that goes down hill, so does everything else.

Vancouver will always be a renters market. It's easy to suggest to just pack up and move elsewhere, but when the time comes, would you sacrifice your job, your significant others job, family, friends, and lifestyle to move away? Easier said then done.