Quote:
Originally Posted by Harvey Specter
(Post 9176016)
Slightly OT, but I do wonder if, in 5 or even 10 years, these duplexes will hold up as good long term value, especially since most of the ones listed in Vancouver are already well over $1.5m+, or if owners will end up taking losses.
| The way I see it is with the Liberal win, we'd continue our trajectory of expenses. The real inflation rate will be crazy and the general idea is that 2M would be the norm for some of Vancouver townhouses/duplexes while SFH would be north of 3M on average. They may come down a bit, I'd say maybe 10-15% correction, but then it's up from there.
Of course it might sound crazy, but I think if you add say $25-30 minimum wage, relaxed lending policies, the figured I mentioned above is not out of touch. | 