Metro Vancouver has a finite land base and a steady stream of newcomers chasing a limited housing supply. But there is another factor contributing to the dire housing situation: the fear factor. Observers agree that the fear of selling one’s home and not being able to find another property is part of the story behind a low inventory of real estate listings, both in Vancouver and Toronto. The situation is handicapping buyers and sending prices skyward.
from http://www.vancouversun.com/business/real-estate/barbara+yaffe+fear+loathing+vancouver+real+estate/11755231/story.html
Tuesday, March 1, 2016
Barbara Yaffe: Fear and loathing in Vancouver’s real estate market
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