Quote:
Originally Posted by 68style
Government programs don't do shit when detached home prices start at 1.4M for a rancher in Ladner dude.
Even a doctor can't go detached unless they marry another doctor in the lower mainland.
And detached is the only segment staying at least a bit afloat.
Everyone living in a condo/TH they bought the last few years is staring at a valuation below their mortgage at this point.
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Erh, the vid is about condos hence my feedback. I don’t think anyone in lower mainland is buying detached as first time buyer unless you are some old money or with some inheritance.
As a matter of fact, the reason why detached didn’t fell as much is because there’s less speculation than condos. We basically priced out speculations in detached market.