Why Downtown Condo Prices Will Continue To Rise

Very little new condo construction coming to Downtown Vancouver in the next 5 years. The little that is will be luxury condos at an average price of $2000 a sq ft. The rest has now been changed from stratified condo to market rental only buildings. In a nutshell... construction costs and taxes continually going up. More complexity and red tape. Market is chronically under supplied. Minimal new supply makes it hard to ever outstrip demand, means prices will likely continue to go up.

Thanks to all the viewers and commenters on all my videos. As a busy Realtor I may not have the time to reply to all comments here. Some of your questions can be answered by going through my many videos posted here on my channel. But I will do my best to respond when I can. Appreciate everyone who is watching and commenting!

Want more up to date information? Follow me on Twitter @OwenBigland

If you want to get in touch with me, please email me at [email protected].

Thanks for watching!

Get a copy of my book "Along for the Ride" available at:
Amazon.ca: http://bit.ly/Owen_Bigland
Amazon.com: http://bit.ly/OwenBigland_us

OWEN BIGLAND
Bigland Realty Group
MACDONALD REALTY WESTMAR
c: 604.889.1118
e: [email protected]
w: http://owenbigland.com

2018 - 2022 Medallion Club Member, Top 5% of Greater Vancouver Realtors
2018 - 2022 Macdonald Realty Westmar, Top Producer in Annual Sales

VANCOUVER BC HOMES & CONDOS
GREATER VANCOUVER BC REAL ESTATE FOR SALE

Watch more in depth topics on real estate, investing and my book in these PLAYLISTS:

Get Your Mind Right:    • Get Your Mind Right  
HOT & Helpful Topics on Real Estate:    • Waiting for a Vancouver Real Estate Correc...  
My Book "Along for the Ride" Videos:    • My Book: A Guide on How To Make Your Money...  
My Investment Strategies & Tips:    • Globe & Mail Newspaper Profiles my Investm...  
Real Estate 101 Series:    • Learn from Warren Buffett: Vancouver Real ...