Is the Housing Bubble in British Columbia starting to deflate? Will the Housing Crash in the US have an impact on Canada's Real Estate......Canada's Economy?
You know... I see the postings, I read the links... and yes it is ugly in places in the south... but where is the evidence for GVRD? We all know its not going to last... but where is something of anything to show a change? Has to happen or I am out of here
Check out the latest STATS on my sidebar, near the bottom I have links.Calgary and the Fraser Valley both have increased inventory.It may take a couple of years for this to play out. I am willing to bet, it is heading down not up.
Runups of the kind we have seen in the last 5 years are always followed by a decline. Either a crash like in 1981, or a slow decline like in the late 1990's. Look at the REBGV price graph.Only exception was at the end of WWII when prices took a big increase and stayed up. And I don't think I have to explain why that happened.
Thanks for the link. We just finalized a bid and we are headed in to the option period on a cute little bungalow....
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