And the prices go up yet again…and this will continue to happen, regardless of what measures are implemented. Its simple economics…supply and demand. We have too much demand for housing and investment properties and not enough supply.
It takes over 4 years, to procure a property, get the design done, get all permits, procure a contractor, and then start building. Of course, the demand will always stay high. Add to that our beautiful landscape, our amazing weather and you have a recipe for success.
So, now is the time to Invest in Lower Mainland and the Fraser Valley, with prices on average going up between 20%-30% every year!