It just keeps going up.....

Vancouver housing starts are up 2.7% in 2014 year over year. Their prices have risen as well. Here is a funny story. I have a newspaper article that has a picture of a man in front of his house with a for sale sign and a sold sticker on it. The caption reads, "I cannot believe that I sold my house for that much money. Prices cannot continue to rise like this." The story was done in 1955 and he sold his house in North Vancouver for $13,500. People have been saying that prices cannot keep going up for a long time. They just keep going up. When Canada stops being the best place in the world to immigrate to, that trend will stop. The growth in our economy and Real Estate market is fueled primarily by population growth. 70% of Canada's population growth comes from immigration. We are blessed to live in the best country in the world and the rest of the world knows it. 

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