Description: Brokers are rock stars, cabbies flip condos, and shacks are going for $1 million
Source: Businessweek.com
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Date: 06/24/2010
Link: http://www.businessweek.com/magazine/content/10_27/b4185064551500.htmÂÂ
Questions for discussion:
Summarize the arguments presented that explain real estate price movements in Vancouver.
- Do you think a bubble is forming?
- What might trigger prices to fall?
- Do you think that any of the economic and banking differences that exist in U.S. and Canada significantly affect the real estate markets in each country?
- What is the primary factor that determines the value of real estate in any location?
- How important are interest rates in predicting real estate prices?
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