Quote:
Originally Posted by jasonturbo
Recently I've started to form the opinion that Vancouver's premium housing market is being impacted by a looming economic crisis in China. I believe that the upper business-class Chinese are aware of the current, and largely unreported, economic situation in China, and are laying the framework for a quick and painless exit.
|
Jason,
Would you care to elaborate on what you mean by "impact"? Without any clear indications, I cannot guess whether you mean our Vancouver market will be "impacted" positively or negatively. As a matter of fact, even the words "positive impact" and "negative impact" can have totally opposite meanings, depending on whether you are speaking from the perspective of the average Canadian home owner, or the RE agent.
Cutting the chase, do you think the Vancouver housing market (premium or otherwise) will go higher or lower?