People continue to purchase properties in the Vancouver area with the primary intention of selling them later at higher prices. ‘adamcory’ at BC RE Talks 2008 May Thu 01, 12:30pm answered the question “What was your last housing purchase and for what reason?” thus -
“Jan 2008 I purchased a fixer upper, 2000 sq ft house, w/ 800 sq ft shop, on 1.1 acres. In Cloverdale for $ 850 . A highly developed area that continues to sprawl rapidly. It is our principle, and hopefully will be for 5 years or so. Renos have consumed my life… so has the stupid yard. Plan to develop in the future.”
