Robust, resilient, growing: these are just a few words that are often used to describe the Vancouver condo market. As much of the United States and even parts of Canada suffered dramatic declines in housing sales and prices, the Vancouver market continued to grow despite economic uncertainty. Some experts point to the interest of foreign investment, or the standard of living in Vancouver, and even the climate (despite all the rain) as reasons why the market in Vancouver remained strong. Nevertheless, the condo and townhouse market in Vancouver has been subject to more controversy over the past several months, with some suggesting that the market could be heading for a meltdown.
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