October 3rd, 2017, Owen Bigland
In this blog I will address some viewers' opinions as to why anyone would buy a Vancouver condo in this record high market. Why not wait for the market to crash then buy back in at a much cheaper price. Aside from the fact that I have heard this strategy for the past 25 years and Vancouver condo prices have continued to rise 3 fold in the past 20 years. I will explain why it’s so difficult to try and time a market and why I advocate a simple strategy of buying and holding for the long term and taking the guess work out of what the market will do in the short term.