The reasons are here:

1. Vancouver is open up straight to Asia. China and India people in this century will be making the big big money. However, people who live in Vancouver locally will continue to wonder why they have so much money. Well, they will have more and more money!! and they are not afraid of buying!!

2. Commodity price all over the world. “Everything” is going to cost more in this age. “Everything”, but money (currency). Drastically, the cost of building the same building will cost much higher. You have China having crisis with the earth quake. They are going to buy extra extra resource with whatever it costs. It will beat up the commodity price even more.

US dollar weakness. The weakness is going to drive up the commodity even further.

3. The resource in Canada. Canada, itself, has a very low population, big land and lots of nature resources. Canada has a huge potential, and a lot of people in the world knows that. What do you think just the people in India and China are going to think?

I have pointed out a few things that I hope you are going to really think about clearly. Be open minded, the globe is a lot bigger and changing a lot faster now. Don’t trap yourself and being stubborn. Do what you can still and be wise.

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Not a fantasy. Granite contains small amounts of radiation. According to Wikipedia it's about 10 to 20 ppm.

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Thats a contradiction. A correction is a drop in price and isn’t this a market? Would you consider a realtors view more educated? Rob Chipman is on record as expecting a ‘correction’ of up to 20%. How many thousands of dollars does that represent off the average house in Vancouver?

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The smell in the misty air and the taste in the taste in the murky water is healthy.

If you can steal and loot the villagers property or children deservedly earn enough to come to Canada then the property market just won’t crash.

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This is yet another one of those "Canada is not like the US" myths. Lets look at some numbers from the 2001 and 2006 censuses:

2001:

Population – 30,007,094

Housing Units – 12,548,588

Population/Units – 2.39

2006:

Population – 31,612,897

Housing Units – 13,576,855

Housing Units Required – 13,227,154 (Population/2.39)

Overbuilt – 349,701

The population of Canada has been growing at about 321k/year. This means we need an additional 134k housing units/year. (2.39 people/unit) But we've been building over 200k/year for several years.

In 2007 there were 228,343 housing starts, and in 2008 there should be about 214,650. If there is a need for 134k/year, it means 174k were/will be added to the excess supply in 2007 and 2008.

Adding this 174k to the 2006 total of 349k brings the total to 523k, or almost 4 years worth of overbuilding!

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I'm not sure what assumptions are so unreasonable. If you seriously want educated opinions why real estate in Vancouver is likely to crash, we can answer a lot of questions you may have. If you are just upset that this will happen and want to vent, we can't help you.

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