I’m still trying to figure out the logic of this argument. Who (exactly) is going to be purchasing homes based on the Olympics? Amateur ice-skaters, ski jumpers, or bobsled teams?

OK that was cruel. It must be those workers who are building the Olympic infrastructure then. What income will they have after the job is done? Are they locals, can they afford it? Hmmm… maybe not the construction contractor’s employees then…

Ah I have it now, all the visitors to Vancouver from all over the world will suddenly want to buy a house there because of… the Olympics! Just like they will do for housing in Beijing this summer.

LMAO.

True to form, the Vancouver Sun story ends with a “BUT we are special and different here!” quote or two.

I wouldn’t trust a word that the rag “Vancouver Sun” prints.

The Vancouver Sun knows who butters their bread: real estate agents and companies who advertise with them. That is why by far the VAST majority of stories in the Sun about real estate in the past decade mostly quote “studies” and “professionals” whom it is obvious have a biased interest in seeing the bubble only keep going up.

As long as Vancouverite lemmings keep believing what Sun prints, the Vancouver Sun will keep printing the, “But we are special and different here!” stories.

For example, every year there is a study put out that ranks the “least affordable cities in the world”. And, every year for the past few years the Sun gleefully makes the story front page news, as if to continue hammering the idea to Vancouverites that Vancouver is an expensive metropolitan city…and so yes, the insane prices should remain insanely high!

For example a couple years ago, the headline was, “Vancouver ranked 13th least affordable city in the world!”
Of course, the BIG problem with with the study, ,and the headlines, is that the STUDY ONLY LOOKS AT SIX COUNTRIES IN THE ENTIRE WORLD.
For people who realize that, makes them wonder if the Vancouver Sun is either full of ignorant fools who haven’t read the study once over the past few years, or is full of staff who realize the truth but want to keep the lies going and the lemmings alive.

Wouldn’t it be better if the local economy doesn’t sustain the rise? When home prices are in line with wages, people have a chance to spend money on other things- like food and clothing. It’s a lot easier on families that way.

Home sales in Salt Lake City have declined drastically, and prices will soon follow. Perhaps home sellers should point out “But we hosted the 2002 Winter Olympics”! I’m sure buyers will then want to pay more. : )

I hope the local economy can sustain the rise in prices.

Calgary was way over inflated. Most wages just don’t support $500,000 houses. It’s really hard on families.