We have yet another top caller in the Vancouver Real Estate market. The US based ratings agency Fitch, just came out with a report saying that Vancouver Real Estate Market has been driven by strong local and foreign demand as well as low interest rates. No Kidding! tell me something else I don’t know. They are calling for the Vancouver market to eventually correct saying this kind of price appreciation is unsustainable in the long term. And people pay these guys for this kind of insight!
Calling for Vancouver prices to eventually fall is like predicting we're going to have rain this Spring. It also reminds me of the old Wall St saying about top callers. Top callers are never wrong... they're just early! Also in this blog ...I talk about when is a good time to consider selling a principal residence or investment unit? Hint it’s certainly not because a company like Fitch says were headed for a correction.