This decision is really dependent upon the specifics of your situation. If you are waiting for the Vancouver real estate market to go down - donât hold your breath.
Three years ago I had a client who was convinced that the Vancouver real estate market had finished itâs run and the bubble was about to pop. Three years later, prices are even higher and he now cannot afford to purchase.
The Vancouver real estate market has seen a steady increase for the last 10 years. This is in large part due to two factors: one, the fact that we have very limited land space in which the city can grow; two, we have a steady stream of immigrants from China who keep pressure on the market which in turn keeps our Vancouver and Richmond real estate prices from collapsing.
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