Quote:
Originally Posted by fuzebox
IMO right now is a bad time to buy in Vancouver. Property values are hella overinflated, 2010 olympics or not, if you buy now you'll have lost money in 2 years.
|
If you think property values will decline in any significant manner, I'd be willing to be you are dead wrong. Hell, I have a couple properties so I guess I am betting you are wrong...
Will some people lose their shirt when interest rates go up? Yes, but only cuz they bought shit they couldn't afford.
Will housing prices drop by any significant %? Doubtful. This is Canada, not the USA. A little bit different market...