Is Vancouver Really the Most Overpriced Real Estate Market? HD

According to a recent report by the European bank UBS Vancouver is one of the most overvalued Real estate markets when you look at the fundamentals of the local economy. ( local income to home prices) News flash the Vancouver market like many other cities dose not work off fundamentals . It’s an equity driven market, low interest rates and foreign capital are also involved. A link to a recent article in BC Business: http://www.bcbusiness.ca/vancouver-real-estate-has-always-been-expensive-and-we-have-proof Another recent article on Vancouver lack of supply and getting zoning for new construction: http://www.peacearchnews.com/news/395022891.html?mobile=true A link to a few of my older videos on this topic: https://www.youtube.com/watch?v=nFWFIjX4fHE&t=328s https://www.youtube.com/watch?v=uokzPUo5tl0 OWEN BIGLAND MACDONALD REALTY Direct Ph: 604.889.1118 VANCOUVER BC HOMES & CONDOS GREATER VANCOUVER BC REAL ESTATE FOR SALE House | Townhouse | Apartments Condos | Real Estate Vancouver | Richmond BC