- the source for market opinions


April 21, 2022 | Vancouver Real Estate and Rising Mortgage Rates

Bill Ferguson

Metro Vancouver Housing Collapse - The purpose of this group is to invite discussion about the largest housing bubble the Metro Vancouver area has ever seen, its probable causes, likely solutions, the impact it has had upon its residents and as a platform for sharing various News-related sources pertaining to it.

Housing Bubbles

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Archives April 21st, 2022

Posted In: Radio

One Comment

  • welk says:

    Hmm… I don’t know if the interviewee here understands the difference between real v. nominal price declines. With the level of inflation we have now, and with interest rates still well below the rate of inflation … well … we know what happened historically w/ real estate in times like these.

    As an example, looking back to the ’70s, RE prices may have declined in real terms, but not nominally + home owners benefited as their debts were also, to a certain extent, inflated away. In the meantime, rents during the ’70s sky-rocketted.

    The general financial advice is to buy hard assets during inflationary times & avoid renting. Yes some RE markets in Canada may correct even in real terms over the next year or so, but still — I don’t see a reason to depart from that general advice right now.

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