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UltraWoof
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Desperation Invades Vancouver Housing Bubble, as Hot Money Still Pumps up Toronto, Hype Overflows

- Wolf Richter -

Yup, a home is a great investment. It's always going to be worth something, but not more than what another is willing and able to pay for it. So you better don't owe too much on it.

Commented 2635 days ago

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Beginning of the headline :In Toronto, “home ownership continues to be a great investment,” which is what they said about Vancouver a year ago. So the bottom has fallen out of the Greater Vancouver housing market, a process that started after the crazy peak in July. According to the Real Estate Board of Greater Vancouver (REBGV), sales of homes of all types – detached, attached, and condos – plunged 40% in January compared to a year ago, with sales of condos dropping 25% and of attached properties 32%. Detached homes got... Read More

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