It’s not a surprise to see Vancouver’s detached home prices reach a new record high. Casual observation suggests continued increases may be the standard for the single family homes. While we all wish to own property in the ‘best’ parts of the city, the limitation of available land precludes this notion. It seems inevitable that ownership of a single family homes in Vancouver will continue to be ever more precious.
Dreams don’t always come true. Visions where everyone should own a detached home on a plot of land in Vancouver may is a different reality. Ever increasing prices for detached properties re-confirm that Vancouver is not egalitarian.
Click 'comments' below to contribute to this post.