Paolo's Blog

Our Bubble about to explode?

(August 17, 2011)

Vancouver is now a housing bubble and should perhaps be aproached carefully. Certainly normal metrics, like the ratio of average price to income, are extraordinarily high and could well be in danger territory.

Housing markets in Vancouver are not aligned in with any economic logic. Some say that Vancouver remains a balanced market, however I find it different. The Conference Board's Metro Resale In... read more.