The real estate market in Vancouver is truly a mania
The combination of a ceaseless flow of Chinese money and the mass delusion that this can go on forever led to the best year for Vancouver real estate in at least 35 years.
Detached homes -- and these are very modest homes -- rose in the $200,000 or $400,000 range. The average price for detached properties sold within the City of Vancouver hit a record $2.53-million in November.
This 2+1 bedroom, 1 bathroom West Vancouver home is currently listed at $2,188,000.
That's insanity.
