Quote:
Originally Posted by JDMDreams
I'm just curious do you guys realistically think prices will keep going up? Detached in East Van hit 3 million? In like next 10 15 years? I don't see Vancouver being a global hub like HK, NY to support it.
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Until interest rates start going up, it’s a no brainer investment for most.
Purchase home. Wait - few years. Value is now 20% higher. Bank qualifies you for HELOC for now higher value of home. Use said extra money for new DP on new property. Pushing prices even high. Rinse and repeat.