Is there a Vancouver condo crisis?

(December 18, 2013 , posted in Vancouver Real Estate)

Recent reports that nearly a quarter of Vancouver’s condos sit empty for most of the year caused quite the stir in recent days. Headlines like this make it easy to jump to conclusions and conversations which quickly seem to revolve around the fear that foreign investment is the only reason for high Vancouver housing prices. However, articles such the one written by Gary Mason from the Globe & Mail suggest we need to “Get Over It” and after reading it and considering some other stats and numbers, I couldn’t agree more. Give it a read.