Quote:
Originally Posted by Hondaracer
Yea some of the realtors I follow on Facebook are kind of touting thay right now
"Great time to get out of thay condo and into a home with a suite!"
Yea ok lol
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Yeah, the marketing is not really in the best interest of upgraders because there isn't a lot of inventory. But if you find a diamond in the rough and can get bridge financing, you should feel pretty secure because your condo will probably sell above asking price.
Detached homes in East Vancouver are creeping up again. Heck, even strata townhouses in my area are moving at prices higher than the supposed peak last year.
So much for the foreign buyers tax, eh? As far as I know, banks are still giving out HELOCs which is keeping renovations going and helping millennials get into the condo market.