> So how did Vancouver tame its roaring housing market?
Tamed? The article makes it sound like over a decade of faster-than-inflation price appreciation has been wiped clean with a one year decline of 3.7% and cooling sales.
The real estate market moves in very long cycles due in part to the difficulty of trading in an out of it. Believe what you want, but I suspect now is not the time to dive into the Vancouver real estate market.
Also, no mention of China and the strong desire of many citizens to move their money out of the country and into offshore assets like Vancouver real estate:
Tamed? The article makes it sound like over a decade of faster-than-inflation price appreciation has been wiped clean with a one year decline of 3.7% and cooling sales.
The real estate market moves in very long cycles due in part to the difficulty of trading in an out of it. Believe what you want, but I suspect now is not the time to dive into the Vancouver real estate market.
Also, no mention of China and the strong desire of many citizens to move their money out of the country and into offshore assets like Vancouver real estate:
http://www.huffingtonpost.ca/stephen-punwasi/chinese-buyers-...