The painful bursting of that growth, which fed into the Great Recession of 2008, is elevating questions on whether or not the market is repeating historical past. High-end buyers are flush with money, due to record-high inventory costs and a powerful restoration for skilled employees, who have been less prone to lose their jobs within the pandemic than working-class staff Real Estate News. At an all-time low Data from 10 real estate boards across the province paints an image of rising prices, excessive demand, and low supply. Three years in, has B.C.’s speculation and emptiness tax made a difference? Rental rates in Metro Vancouver have fallen just lately however remain high and housing costs proceed to rise. Prices in the housing market follow this tendency for mean reversion, too.
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