According to a recent report by the European bank UBS Vancouver is one of the most overvalued Real estate markets when you look at the fundamentals of the local economy. ( local income to home prices) News flash the Vancouver market like many other cities dose not work off fundamentals . It’s an equity driven market, low interest rates and foreign capital are also involved.
A link to a recent article in BC Business:
Another recent article on Vancouver lack of supply and getting zoning for new construction:
A link to a few of my older videos on this topic: