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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Short of massive rezoning that allows significantly more density (especially duplexes, quadplexes, and townhouses) to be built across the entire lower mainland plus higher interest rates I don't see this ever coming down.
You might see small drop here and there but the trend line will always be up as there's simply not enough housing of the type that people want right now. It's either a detached home of which the supply is actually shrinking or condos. Once you outgrow a condo you're forced to find every penny you have to get into bidding wars and the losers then either move further out or live in undersized homes.
(Me, I'm a super lucky a-hole. I'm fucking Forrest Gump. I don't know how I ended up in my situation.)
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Last edited by supafamous; 08-11-2021 at 03:25 PM.
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