If you haven’t been hearing about the Vancouver housing marketas of late, either you’re not listening or you’re living in a bubble.
Residents of Vancouver also appear to be living in a bubble of sorts, a real estate bubble. Naturally, much of what is said on this subject is speculation, but if the patterns of the past are to be followed, Vancouver may soon be headed for a sharp correction.
*Financial Post (over the last three decades)
** Annual percentage declines taken from BMO
A lot has been said on Vancouver, but some have taken it one step further and made interesting visual representations of the market situation. We’ve collected some of the better ones and added appropriate commentary below.
Mr. Housing Bubble, not affiliated with Mr. Internet Bubble, is making a splash in the Vancouver market.
Meanwhile, this fella is afraid to make the jump.
In New York, housing is a human right, while in Vancouver it’s for the super-human, or super-earners, at least.
Actually, make that foreign earners.
Finally, let this video take you on the Vancouver real estate roller coaster…