RBC released a new report today on the near-future of housing in Canada. They predict house sales volumes and prices will rise next year from coast to coast to rocky mountains. If you live on the left side of our great nation, where you've likely been told for a generation that everyone wants to be and will pay a premium to live, and for the last decade or so you've know it as The Best Place on Earth!, you should expect your home to drop in value, statistically anyway, as fewer people plunge into this over-inflated market.
The average price of a detached bungalow is forecast to rise in all regions, expect [sic] B.C. alone, where prices are projected to slip by 1.7 per cent.Too late to re-think that best place slogan? How about "The best place on Earth to be a renter"? Or "The best place on Earth not to buy a home"? Or my personal favourite: "The best place on Earth to blog about real estate."