Average House Price to Hit $2M by 2030
Shocking perhaps to some, a recent article in the Vancouver Sun (March 25, 2015) describes a report from Vancity predicting the cost of an average detached home in Vancouver could reach $2.1 million by 2030.
CLICK HERE for the full Vancouver Sun article.
This article contradicts the expected naysayers that feel the current market is overpriced and due for an adjustment. Historically, while the Vancouver market has experienced minor variations as should be expected, there has never been a 'dramatic' negative price adjustment.
Only dramatic positive price adjustments. :)