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Old 04-06-2017, 08:08 PM   #9523
MelonBoy
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Join Date: Oct 2005
Location: Vancouver
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Anyone else notice the mass amounts of land lot assembles? In my neighbor hood alone. There is at least 4-5 spots, with multiple houses bought up. On sale for investors.

Personally. I think all the sales and how well the market is doing is all hype. Driven by the real estate companies in a way for them to continue to make $$$. Seems to me the majority of the sales are investors purchasing for resale (rebuilding houses or condensing them into assemble lots)

Basically scaring people into buying overpriced condos/townhouses. Since they can't afford the 1m+ houses


That being said. I think the housing prices may stay relatively flat or dip a bit.. BUT the condo/apartment market is waaaay inflated. There is so much space to build more towers and townhousing. It hard to fathom that the prices will stay that high. Especially when there are hundreds of high density buildings being built up
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