Vancouver is a vibrant and lively city that is located in the splendid British Colombia, Canada. It is well known to be the perfect destination for property investors...
Vancouver Housing Market
Will There Be an End to the Vancouver Real Estate Bubble Fatigue?
Reports show that the Vancouver Real Estate has had price declines several times now since 1980’s. The fifth time is here, and seems to be staying in for a while. Has this trend formed what is called the Vancouver Real Estate Bubble Fatigue? Wikipedia describes real estate bubble or property bubble as a type of economic bubble that occurs periodically in local or global real estate markets, and is characterized by rapid increases in valuations of real property (such as housing) until they reach unsustainable levels relative to incomes and other economic elements, followed by a reduction in price levels. The constant price dips, have resulted to more experiencing a bubble fatigue. And even with an evidence of a small but significant increase in the sales to active listings–ratio conveyed by the Greater Vancouver Real Estate Board—still, several believes that a bubble fatigue would still be seen in the next […]