While driving through Squamish today we saw a few for-sale signs.
We took one sheet from a realtor listing box at one house.
And then almost died.
Almost a million dollars.
Only a three bedroom home in Garibaldi Highlands.
I'm very curious what has driven prices there to such stratospheric levels.
Especially since 3 or 4 years ago when people wondered if Squampton would ever be a place where real estate appreciates.
When does it bust?
Does it ever?
What is driving this?
.. And don't give me the usual Chinese investor BS. because they only have 2 Chinese restaurants in Squamish and one of them is actually Japanese Sushi.
I don't believe that. Perhaps for West Van and Westside, UBC, Spanish Banks etc.
And as for the stats, well they don't have any reliable ones.
We know someone that knows someone that is an "Asian Investor" because he is Chinese and bought a home in Vancouver.
Ahem. but he has been a Canadian Citizen for 20+ years. So has his wife, also a Chinese Canadian citizen.
The whole Asian Investors thing is overdone and ripe with racism.
If I had foreign money and my realtor took me to Squampton, I would fire them and throw hot wok oil on them as they walked out the door.
Not to bag on you, but between this and the OneUp thread, you seem to be a little bit out of touch with the plight of the average Canadian these days.