Tamara Taggart: When you want to buy a home, you want to buy a home now..!
Linda Steele: You do
T: …you don’t want to wait until 2013. Oh and, by the way very nice apartment [featured earlier in clip] they were looking at, I like it a lot
S: I know…
S: They didn’t buy it, by the way..
T: Oh, so it’s still on the market! (smiles and waggles head) … What about off-shore people… are they jumping at prices?
S: Well, that’s kind of a fiction, the Chief Economist of the BC RE Board says not true, a lot of people have heard these rumours, but only 2-3% of the buyers are foreign investors from mainland China, the vast majority are just recent immigrants who bought homes to live in and they are your neighbours and they’re staying.
T: There you go, thank you… Real Estate stories are always great, they never get tiring, you know? Thanks a lot.
- from ‘Is Vancouver’s housing bubble about to burst?’, CTV 27 Sept 2011 [time 2:50 onwards]
Taggart demonstrates the excitable frisson that many owners of appreciating homes in BC demonstrate for the sport of Real Estate.
Watch as glee turns to disgust in coming years.
Hardcore contrarian bears will only consider buying when CTV ‘news’ is completely and utterly devoid of any RE stories.