Should I be buying a house in Vancouver Canada? They say the real estate market will never crash because we have so many foreign investors. I have the money for a down payment for a $2,500,000 house.
Will it actually be crashing in the next 5 years? Someone red pill me on the Canadian real estate market.
Its incredibly overpriced because of Chinese buying property. It is in a bubble. If you want to make money wait for the crash and buy 10 properties for the price of one.
So as a real estate Agent, unfortunately not in Canada, but the US, I can say we are in fact in a bubble, my predictions are we are going to crash within the next year or two.. I honestly would hold off as long as the bubble carries over to Canada..
Hope you factored in plumbing expenses
Buy a house is the dumbest investment.
Rent a house and apply the rest.
>>2892030
BUY IT YOU DUMB NIGGER.
I actually do work as a Canadian plumber so I can do all the plumbing my self. I usually make around 5000$ a day.
I just want to know the best time to buy. Thanks anons
>>2892098
Top kek
>>2892356
Why aren't you selling it?
>>2892452
Because even after the 15% foreign buyers tax last summer it keeps skyrocketing in value.
Everyday there are more and more chinese millionaires who want to buy it.
There is no other asset in the world, stock, bond, shitcoin, etc. that grows this fast
>>2892458
I feel like people said the same thing about digibyte
>>2892072
didnt china ban its citizens from investing in real estate outside of china? are they doing it anyway?
>>2892498
ya there are capital restrictions. You cant take more than 50k outside of the country.
They all have ways of smuggling it out anyway. Bitcoin is probably decent for that.
>>2892491
digibyte pumped for 2weeks.
Vancouver housing has been pumping for 15 years.
There is an endless supply of millionaire chinks who want to move here.
>>2892030
If you want to get blown up then sure, put a big ass fence around house
Where are the chinks moving to besides the bay area and Vancouver ?
>>2892630
They only like to go where there are already lots of chinks because they dont assimilate or want to learn much english.
Toronto is the other very popular area for them.
>>2892112
Is this even english?
>>2892630
Seattle, my community college is 90% fob ass chinks and koreans