For decades - as many of my Clients and Readers know - I have been expounding (ad nauseam ?) my belief in the underpinnings of Vancouver Real Estate values and the fundamental economic conditions that predict an inexorable continuing increase in those values. This opinion has often flown in the face of the opinions and predictions from the Major (Toronto) Banks and major (Toronto) news media. Well! Now my views seem to be shared by no less an authority than Bloomberg News. A recent Bloomberg article by Natalie Obiko Pearson titled “Why Bother with Stocks in Vancouver’s Relentless Housing Market?” describes Vancouver as being “...among a clutch of Cosmopolitan, attractive cities around the globe where the appreciation in home prices is seemingly unstoppable”. The article points out that “Vancouver, consistently voted one of the world’s most livable cities, shows just how difficult it is for policy makers to control runaway prices.” The Bloomberg article goes on to describe the resiliency of values in the housing market, and describes the experiences (in his own words) of a local real estate investor. This is a good read (Click here to read it) and, for those Naysayers in Toronto, well they can chill ‘cause Big Brother New York City has Spoken lol.
Printable PDF of this article - click here.
As well, please consider Bob a resource if you have questions regarding Vancouver Real Estate Values. Contact Bob anytime to discuss this topic and Real Estate.
“feel free to bother me!”