Article from Realtor Link newsletter 10-20
The housing bubble. What do our experts say?
Since 2001, we have been hearing about our doomed housing market. From a serious downturn to a full-blown bubble burst, the naysayers continue to capture our attention and heighten our concerns. Is there any truth to the prophesized collapse?
To find out, we asked some experts. "The fundamentals underlying housing demand in Vancouver are positive and will remain so next year," reports Gregory Klump, Chief Economist at the Canadian Real Estate Association. These fundamentals include a strong economy, high employment and income growth and low interest rates.