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Home Prices Have Gone Parabolic
Description
Average home prices in Vancouver have gone up $100,000 in the first 6 weeks of 2022. Yes, you read that correctly. Prices, already detached from reality, have now entered a new level of insanity - as they are rising at the rate of $2,000 per day this year. Last month, Toronto saw the average home price increase by 6.9% IN ONE MONTH. In this episode we share some stories and insights into what's happening locally and nationally, and discuss how much higher it can possibly go - and how far it will come down.
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Dan Wurtele, PREC, REIA
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Ryan Dash PREC
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