Time for my annual forecast for the coming year. As I have said every year for the past decade on this vlog. I really have no idea what the Vancouver or Lower Mainland Real Estate market will do in the short term. It could have another fairly strong year like it does most years, or it could take one of our run of the mill corrections of 5-10% Nobody knows. We are all just guessing at it. What I do know that is over the long term, 10-15-25 years, the value of Vancouver Real Estate will do very well. I recommend you keep it simple by purchasing your principal residence, enjoy it and keep it for long periods of time.

Time for one of my Saturday morning motivation blogs on what it’s going to take to achieve financial success in an expensive city like Vancouver.

The Downtown Vancouver rental market remains very strong with vacancy rates and rental prices now at, or in some cases above pre-Covid numbers. I expect the rental market to get even tighter and a vacancy rate less than 1% as we move further into 2022.