Vancouver Real Estate Market. The best place to read about the CRASH!
Vancouver Real Estate is going the way of our American friends. Inventory is WAY up, sales are WAY down and it looks like this will be heading in this direction for some time(5-8 years +/-).
The mainstream media won’t be reporting it as honestly as bloggers will, for one simple reason. They are biased due to the HUGE amount of spending that Real Estate Agents spend on ads. They last thing they want to see is what they already know to be true… The Vancouver Real Estate Market is crashing.
If you want a front-row seat to the carnage and watch the bears and the bulls battle(Not that is much of a battle anymore., Everyone knows what is happening to the market), then here is a small list of some of the better Vancouver Real Estate blogs that you’ll want to read. Make sure you take the time to read the comments as that is where the real action is!
Remember, in a market like this, it’s the best time to sell(if you can. Price VERY Sharply). if you are looking to buy, invest your down payment instead, rent a place that can house you for 5-8 years, and then buy when the market has totally bottomed out. It’ll be the best thing you can do for yourself if you want to be a homeowner in the next few years!