I don't understand Vancouver house prices

[Delightful Life]

Oops

http://www.vice.com/en_ca/read/is-canada-really-sitting-on-a-real-estate-bubble-thats-about-to-burst

 

[Jaebius]

From what I've seen on television, this is the way housing in Vancouver works...

First, you buy a house you can afford but that's a "fixer-upper," which is to say - it needs work.

Second, a decorator and a real estate agent visit you. The decorator fixes up your house while the agent shows you a few others that are currently for sale.

Third, you visit your house and see what the decorator has done to it.

Fourth, you make a decision between keeping your current house or else putting it up for sale.

Apparently this kind of thing goes on in Toronto as well.

 

[Mendalla]

From what I've seen on television, this is the way housing in Vancouver works...

First, you buy a house you can afford but that's a "fixer-upper," which is to say - it needs work.

Second, a decorator and a real estate agent visit you. The decorator fixes up your house while the agent shows you a few others that are currently for sale.

Third, you visit your house and see what the decorator has done to it.

Fourth, you make a decision between keeping your current house or else putting it up for sale.

Apparently this kind of thing goes on in Toronto as well.

Been watching too much "reality TV" again?