Peter Mitham writes in Business In Vancouver, a story in which foreign investors, cheap money and sparkling properties all meet.
“Yes, money is cheap, but it’s a very classic supply-and-demand situation where there’s a lot of capital chasing very few assets,” observed Maury Dubuque, managing director of Colliers International. “There are some challenges, but it doesn’t seem to be holding up a lot of the larger deals that are happening downtown.”
Frances Bula has written similar views on this market, earlier in the Globe and Mail.
Thanks to Colin Brander for the tip.