I’ve considered the question of Vancouver housing prices for some years, and will venture a conclusion.
Housing prices are high and rising in the City of Vancouver because people want to live in Vancouver. (And at a benchmark price of $2 million for a detached home on the west side, those prices are spectaular.)
Housing prices are lower and declining around the urban perimeter, for example in Mission or Squamish, because fewer people want to live there. Does this seem too simple? Continue reading