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With RE prices at 1/2 to 1/3 of Vancouver, it's not a huge surprise for those that don't have strong ties to BC to make the move. A lot of my friends have trended eastwards in the city as the years piled on but it gets to a point where moving to Calgary/Edmonton probably makes more sense than moving to Abbotsford from a convenience stand point.
US Fed is signaling decreasing rates starting 2024 and I'm going to assume BoC will follow soon after the US Fed ACTUALLY reduces rates. Together with gov't and tech sector ending remote work, the RE market is going to be insane again.
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