Wanted to get a few things off my chest in this blog. First off, don’t fall for any of the headlines proclaiming Vancouver Real Estate prices are plummeting! There have been some price reductions on high-end detached homes priced over 3 million dollars, but of course very few people in Vancouver are a part of that market. For the other 99% of the market, which is condos and townhouse prices under 1.2 million, there has not been any noticeable reduction in prices. They may very well be on the way if inventory levels creep up later this Fall and Winter but for now prices are holding firm. I wanted to also address why Vancouver is still in the stone ages by not allowing Uber. As well as several new reports including one by the Fraser Institute questioning Vancouver City Hall and it’s never ending bureaucracy when it comes to getting building permits and approving more density. Vancouver City Hall continues to try and slow demand by introducing more taxes when they should instead be trying to green light more supply.