I believe "high-end" in Vancouver means $3M+ and point grey where the sky is the limit. It is the sales of these properties skewing the median and average and with a slowdown in transactions, the whole area gets skewed. A house that is just 21X of the average income ($900K) is nowhere near "high end" and I doubt much of those exist in Vancouver or GTA.AMRadio wrote: ↑ one thing i think we need to keep in when defining "high-end market"
when the median price for a home is 21x the average income, everything is "high-end market".
in other words, it's all ONE market, and repercussions will be felt throughout.
that is: when/if whatever is gonna happen, happens.
Mining & Workstation EPYC 7764 64 Core & Dual 5950x Rigs | ASUS STRIX RTX 3090 OC | 3X NEC PA301W | 64GB DDR4 ECC |5 TB Samsung NVMe Storage