Nov 22 2007
Well, you heard it there first. But I suspect it won’t happen. The economic fundamentals (a strong resource-rich hinterland, highly educated population, extremely livable urban environments and overall Canadian political stability) are just too strong for people and capital to stop flowing into the area.
Sure, there will likely be a big dip as the American economy bears the shocks of an overdue recession. And real estate prices have to go down at some point. You don’t have to be an economist to see what’s coming down the road. But the way things are going in Vancouver and the rest of the province, it seems as though the good times have just begun.