blog link: https://blogs.ubc.ca/tianyirong/2013/10/16/increase-in-housing-price/

I agree with Rong’s opinion in some extent but I believe whether the housing price in Vancouver will increase in the future still depends.

There is some buyers are waiting for the depreciation of the value of housing in Vancouver because Department of Finance Canada impose restrictions on terms of the credit loan，cut down length on the loan. They banned the buyer of the house that has value of more than million dollars to apply for the loan insurances. Which decreased the demand of high-priced housing, many potential consumers cannot afford and just can buy the apartment with lower prices or renting house in suburbs. And the department of immigration suspends investment immigration applications.

The demand of the housing in Richmond decreased a lot after the 2011 japan tsunami because Richmond is low-lying areas and more costumers prefer housing in Burnaby. Large amount of demand of housing in Vancouver comes form the rich Asian emigrations. And the supply of new housing is decrease these years because both suppliers and customers are not confident about the market of housing with flexible price.

So in my opinion, although more and more immigration move to developed countries such as America and Canada, the price of housing won’t always increased a lot. There are many other factors and government policy will change the price of housing.