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Is Vancouver’s housing bubble about to burst?

Posted on 27 September 2011

Astronomical real estate prices combined with global instability have many wondering if the bubble is about to burst in Metro Vancouver. “I guess the first question is — is there a real estate bubble at all?” said Cameron Muir, Chief Economist of the B.C. Real Estate Association.
Muir says the average home price is being skewed, inflated by skyrocketing prices for detached homes in Richmond, West Vancouver and the West Side where prices have soared, nearly 80 per cent over five years — 27 per cent in the past year alone……………………………………….Full Article: Source


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