FACE TO FACE: Is the Agricultural Land Reserve to blame for our house prices?
Rising house prices is a classic “good-news, bad-news” story. But it’s also a tale of unintended consequences.
A few weeks ago, the Canadian Real Estate Association reported that the Vancouver area led the country in the rebound of its residential real estate market, with a 22% increase compared with the same month a year before.
It’s good news for owners and sellers alike but also bad news for buyers, especially first-timers. The picture’s even more daunting considering that the Vancouver area already has the priciest residential real estate in the country.
Thursday, January 14, 2010
