Quote:
Originally Posted by Alex Mackinnon
The New Reality sounds rather melodramatic, I have to say.
Cyclic and bubbly markets have always been the reality, haven't they?
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Yes, but keep in mind someone posting here now and is 21 year old "came of age" during the 8-10 year period when rising amounts of Chinese money was flooding into Vancouver. To them that is the "normal".
My hypothesis is that particular set of circumstances won't be repeated. It won't just pick up where it left off if the NDP were voted out next year.
Of course construction won't stop, but land prices will have to fall to make projects viable for a more local market.