Well, I think there is definitely going to be over capacity issues in the next few years.They are just building way more townhouses, condos and apartment buildings then there are buyers. A 720sq ft apartment is starting at $335,000 in my area, that's just too $$$ and it's only worth about 10x less than that.bankonit wrote: ↑Driving around this town, I can't believe how may SFDs are being torn down to make way for condos in the city. Whole communities that used to be single family homes are now suddenly gone. I can't imagine SFDs close to the core will ever go down in price as they get scooped up by developers. Condos? Maybe they will have a crash as too many are being built?
This article just shows you how overseas "investors" really messed up the real estate market here. Things really started to go nuts back in 2003.
http://www.vancouversun.com/fight+vanis ... story.html