[Hondaracer]

all the high density multi family stuff will fall off eventually. People who bought in the past 2-3 years thinking they won the lottery in the equity they built will be brought back down to earth when 300+ units are built within close proximity and the asking price for these brand new units is what people think their 3-10 year old unit is worth.

Langley 208th area, Clayton, Panorama in surrey, etc.

Creating crazy density is a two-way street

in the absolute best times, developers sell out on pre-sale, raise the prices as they lose inventory, and basically inflate the artificial equity of the surrounding units

however, prices become so that why the fuck would you buy a brand new unit at XXX when you can buy a 5 year old unit for 15-30% less for essentially the same building?

When prices reach those levels and older units begin to stay on the market, that "equity" you built by having new units go for higher prices than what you paid is essentially gone, and multiple units within the same complex staying on the market for extended periods of time = bye bye equity

obviously the only "safe" bet is detached single family homes, and the closer to Vancouver you are, the safer it is imo