I continue to see people focus on the short term predictions of what the Vancouver Real Estate market and the stock markets may or may not do. They look at amateur scenarios of buying a home today and what might happen if the price drops 5% to 10% in a few years… What are you going to do??? My answer is nothing, just hold and enjoy the home. Short term price volatility should be expected, its par for the course. Never let the possibility of a short term loss on paper (not a realized loss unless you’re forced to sell) keep you frozen on the sidelines paying rent. Buying your principal residence is a long term need, you should have little concern over what the price does in the short term.