Quote:
Originally Posted by misher
I made a mistake and didn't answer the questions.
The questions:
1. Where do you see the market 12 months from today? Lets focus on price, that's all that anyone cares. Benchmark, average, whatever.
-In 12 months I expect the average price to have gone up around 5-10%. Possibly more depending on what happens, there's a lot of factors. Likely stress test will have been modified or removed, China trade war will hopefully be settled and Meng released, and a few other things look good. However, there's a decent change something bad may happen in the world.
2. Where are we in the cycle? Predict a bottom!
-I'd say we're close to the bottom with maybe 3% more to go down in prices.
3. The long shot - when will YVR RE mark a new high?
Highest prices will happen when the FBT is removed and/or the Liberals regain power for a year. Both are likely to happen but it'll be a while. After either happens there will be a steady rise above inflation.
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Year to the day everyone. I suppose it would have been smarter of me to start this this thread on the 4th or 5th, so stats can be readily available.
That being said, safe to say that despite a global pandemic Misher is closest to the goal.
I will revisit this in early June when the REBGV stats are out.
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