Description:  Brokers are rock stars, cabbies flip condos, and shacks are going for $1 million
Source: Businessweek.com
 
Date: 06/24/2010

Link: http://www.businessweek.com/magazine/content/10_27/b4185064551500.htm 

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?