"A couple in their 50s bought a house in Shaughnessy in 2005 for $2,000,000. It is now listed for $6,800,000."

The first couple will clear >$4M (tax free) for holding a house for 5 years. This is very likely more than they could save through conventional means through an entire lifetime of hard work, saving, and investing. Such circumstances, where property prices rise at rates that dwarf income and savings, are simply unsustainable. -vreaa

VRENGD at vancouvercondo.info 14 May 2010 12:38 pm - “Two sellers that I know personally: One is a couple in their 50s who bought a house in Shaughnessy in 2005 for $2,000,000. It is now listed for $6,800,000 – based upon the list price for similar houses in the area. Another is a couple in their 30’s who bought a small bungalow on Ontario street in 2004 for $450,000. Wanting to list for $1,200,000. This is a 200% increase in five years. It is a similar story for many properties in Vancouver. Prices have risen 200% in five years.”