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7 signs of Vancouver’s housing bubble

Vancouver Canada News 7 signs of Vancouver’s housing bubble
July 16, 2012
Posted by | 7 »

Vancouver is an expensive city, in fact it is claimed to be the most expensive city in North America. People complain about the rain, the jobs, lack of pay and yet house prices are still astronomical. How can that be? Here are some hilarious, yet still somewhat truthful, posters describing Vancouver’ housing bubble. 


Images created by Royce.McCutcheon

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  • http://pulse.yahoo.com/_UM3H6DSGRTCZZWYW73EUNDDFWY gokou3

    It’s more like “You’re more f-ed up than you think.”

  • http://pulse.yahoo.com/_UM3H6DSGRTCZZWYW73EUNDDFWY gokou3

    It’s more like “You’re more f-ed up than you think.”

  • DATRUTE

    A bit of a failed attempt at making a statement here. Not sure what is meant by “it’s not different here”, or some of the other comments. Aside from complaining, what is the point here? It certainly can’t be about education. 

  • Snowy-one

    yea it sucks if you are starting out in real estate ownership. not many can afford in vancouver. try langley or abbotsford. the entitled spoiled kids make me laugh. never had any responsibility their entire lives living with mommy and they think they deserve a house. this aint getting a new nintendo for xmas kiddies. you can’t cry and whine your way to get what you want with this one.

  • Mainlander

    Unfortunately as far as the bubble goes, it IS different here.

  • Chem

    I think you’re missing the picture snowy one, it’s not one of entitlement but the fact that Vancouver is such a bubble that hard working citizens can’t afford homes. The entitlement is the person who bought in the 70′s and thinks they are entitled to the million bucks their home has risen to in this bubble and anyone who can’t afford 1m is a whiner. BTW, what percentage of income was required to buy that home in the 70′s? That’s where it should get back to, % of average income.

  • less_whining_pls

    Yes, Chem, those who bought a house in the 70s ARE entitled to a million bucks for their home. This is simple economics, you may not think it’s fair but it is true. I am really tired of everyone crying about house prices, how it’s unaffordable to an average family etc. This is the new reality and whining doesn’t lower house prices. Buy something you CAN afford and then trade up later, just get in the market. Don’t wait around like some people waiting for a crash. It is a long term investment so like most investments, it will fluctuate over time. Just get used to the commute for now.

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