Update: Vancouver IS the best place on earth; Everybody WILL want to move here: “The gods are on our side when it comes to real estate. The Vancouver boom is not over. It is just starting.”

Vancouver did indeed look glorious, on cue, for at least part of the Olympic fortnight. This causes the following reassertion of the theory that overwhelming demand will drive our RE prices forever upwards. These foreign buyers would have to be oblivious to pricing levels as defined by fundamentals, and they certainly wouldn’t want to be in need of local jobs to support their RE habits. -vreaa

Vancouver Rocks at vancouvercondo.info 27 Feb 2010 1:32 pm -

“The gods parted the skies and released unseen sunshine for 10 straight days rather than the usual rain and fog. And the cherry blossoms all came out. This despite the negative nellie bears that were wishing and hoping for terrible weather. Over a quarter million visitors were taken aback by the beauty, and many commented right on cue “Oh, everyone will want to move here.” Obviously, the gods are on our side when it comes to real estate. Looking forward to another 10% pop this Spring, which will make an increase of over 30% in the last year and a half. Hmmmmm….waiting for a 15% “correction” after a 30% increase took place is just a waste of time and rent….. The Vancouver boom is not over. It is just starting. All it will take is a couple of thousand visitors to buy, and the already low inventory will be eliminated. Sorry bears, but Vancouver will continue to go up and you will continue to be left behind…”

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