Forget about a looming housing crash—it’s not going to happen.
Let’s be clear: despite what some in the media would have you believe, Canada’s housing market is not at the edge of a cliff, ready to plunge into free fall. “There are articles saying we’re going to have the same kind of crash we had in the United States, but that’s not going to happen,” says Jane Londerville, a real estate and housing adviser at the University of Guelph.
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Buyers waiting for housing bubble to burst could be in for a long wait
While prospective sellers are waiting in the Lower Mainland housing market, the numbers indicate that prospective buyers are a bit shy too. While prospective home buyers appear to be waiting for an everelusive real estate bubble to burst in Vancouver, people thinking of selling their homes also appear to be willing to wait.
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Why Chinese Investors will soon return and Vancouver's real estate prices will again rise.
Bloomberg recently published a chart highlighting the relationship between Vancouver real estate and China's economy, suggesting that what happens in China has as much influence on the city's housing market as Canada's own economic policies. Correlation isn't causation — and Vancouver's real estate market is certainly complex — but the Bloomberg research supports my prediction that C...
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19 June, 2013
Your next home is right here in South Surrey / White Rock.
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