Price Waterhouse Cooper: The sky might fall.

No! Say it isn’t so!

I go out innocently looking for news of a bright and shiny future in the vancouver condo market and instead I am most rudely confronted with this:

The Greater Vancouver condominium market may be at an inflection point in the real estate cycle. One result could be an over-supply and/or over-priced product in many markets. There appears to be a very real risk of over supply beyond the forecast demand given the escalating market prices in some new condo submarkets in Greater Vancouver.

That bit of news from the PricewaterhouseCoopers (PwC) June 2006 issue of the Greater Vancouver Condominium Market Review release today. The news release is here.

Who are these PricewaterhouseCoopers anyways, and how can they SAY that?! It not supposed to happen here! Vancouver is different!

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Sounds like PWC hit the nail on the head. From the looks of your blog, anyone who issues a negative report about Vancouver Real Estate is going to become the devil for the day.

the pope

If that report included exactly what's going to happen in the next 12-24 months, I'd pay. If it's just what's likely to happen I'll skip it.. I can already guess what likely to happen.


Well, you gotta pay for the report, so ferget it.

the pope

This report has the objective of answering two major questions. What's happening in the market now? What's likely to happen in this market over the next 12-24 months?If you could just tell me exactly whats going to happen in the next 12-24 months then I could be extremely rich. I would appreciate that.thanks.