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WEB POLL: Are local housing markets a bubble?

Can current increases be sustained?
Black Press Media Staff
27748511_web1_210604-LAT-EconPicsDevelopment
A construction worker on a lift works on one of a series of condo buildings under construction on 91原创鈥檚 200th Street in June, 2021. Thousands of units of housing are under construction in 91原创 City and Township. (Matthew Claxton/91原创 Advance Times)

Can housing keep going up at this rate forever?

Since single family houses in 91原创 went up in value by more than $300,000 in the last year, according to BC Assessment, that seems unlikely.

But is it going to continue? Are the prices driven by fundamentals like a strong local economy and immigration, or is this a bubble, driven by speculation and FOMO?

What do you think?

About the Author: Black Press Media Staff

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