We all know that procrastination and putting things off seldom leads to anything good in life. Personally, I've always believed in rolling my sleeves up and getting to work now!  I like making decisions quickly and changing them slowly. However if you put off buying a downtown Vancouver or Richmond Condo the past 5 years ...guess what? Your procrastination has paid off!  It's funny -  people's perceptions are that the Vancouver market has been on a rocket ride the past 5 years and prices are now finally starting to come down a bit. Well that has been the case for detached homes but for condos and townhomes there has been little or no appreciation in the past 5 years to begin with and prices are now softening more. If you paid $500,000 for a condo in 2007. Your selling it today for $480,000. Also keep in mind that the cost of borrowing today is much less than it was in 2007 . So maybe now is the right time to buy? Selection is very good there's no bidding wars like we had 5 or 6 years ago, we're in a strong buyers market for condos with some very motivated sellers out there. Or you could push your luck and wait another 5 years to see if prices come down further before you jump in.  It's your call.  Just keep in mind chances are your cost of borrowing will be higher 5 years from now, they sure can't get any lower than what we have now. I personally think that buying in a buyers market and holding the property for at least 10 years or longer is always going and to be looked back upon as a smart purchase.  Vancouver Real estate history has showed us this for decades.