tag:blogger.com,1999:blog-14015236.post7007248586701384441..comments2023-10-26T01:52:13.390-07:00Comments on Pelalusa: Metro Vancouver Real Estate Hits BottomRobert W.http://www.blogger.com/profile/11450265399740128136noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-14015236.post-25822444721857782832009-02-16T09:37:00.000-08:002009-02-16T09:37:00.000-08:00I have to agree with Mike, we had some good years,...I have to agree with Mike, we had some good years, now we have to resist some bad years. People will sell and buy properties also this year, just the proportion will change. We have one advantage (when compared to the USA) - our market is slowed down, but not overflowed with mass of extremely cheap foreclosures and I donĀ§t think there will be dramatic change in this...<BR/>Best wishes<BR/>JayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14015236.post-6408838388054682092009-02-06T10:30:00.000-08:002009-02-06T10:30:00.000-08:00I think you're right, Mike. What is likely di...I think you're right, Mike. What is likely different now that in years past is that we may very well be near the end of a nearly 40 year period that historians may call "The Era of Credit Insanity".<BR/><BR/>So many individuals (and cities & provinces & states & countries) have spent way more than they've been taking in for a long time now. This has all come to a head and I wonder if it'll be some time before people can spend more freely again.Robert W.https://www.blogger.com/profile/11450265399740128136noreply@blogger.comtag:blogger.com,1999:blog-14015236.post-48547023567403925952009-02-06T10:08:00.000-08:002009-02-06T10:08:00.000-08:00I don't think we've seen the bottom of Vancouver's...I don't think we've seen the bottom of Vancouver's Real Estate Market. Unemployment just jumped to 7.2% (mostly in Ontario, thank god) so look for more softness. I'm an optimist, but its going to be a while before we hit bottom and we won't know until the bottom was hit until after we've hit it.Anonymousnoreply@blogger.com