This is an interesting article found in the Vancouver Sun by James Schouw. James is the developer and mastermind behind the beautiful Grace condominium building in Yaletown with a few more of similar calibre and quality in the works.
I think he has alot of valid points. I especially agree with him saying that the demand for housing will stay high in Vancouver. As a place to live, Vancouver is very desirable and we are practically next door to other major Asian cities. Talk to any realtor and they’ll tell you that Vancouver’s market in the last 6 months was almost single handedly driven my asian immigrants. Add our beautiful setting as a city and the most temperate climate in Canada and you’ll see why immigration will still be high which will translate to ongoing high housing demands.
So those who are still waiting for the bubble to burst?
(You can read the Vancouver Sun article here)