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Vancouver Real Estate - Do you know of Vancouver real-estate is so expensive. And to put it plainly, Vancouver is merely running out of land to grow. Using the location of Vancouver and her climate this wherewithal to expand is compounded. Vancouver has three geographical factors which can be causing this land value problem . The American border prevents expansion south. Vancouver has ocean about the west and mountains for the north. So with nowhere to build but up, so go the prices. You need almost a million dollars to get the typical home. There are many stories from real estate professionals Vancouver of homes purchased and torn right down to develop a newer, more Luxurious home on a single property. Blocks of homes have been got at across the selling price driving the overall prices in your community up. Vancouver property is highly desired through the Asian investor . Baby boomers from across Canada seeking a warmer climate are also fueling the real estate market. Vancouver's weather conditions are also appealing to people from Asia. Where else can you golf and ski go out for a five star dinner. Canadians that tend to move to the Vancouver region are predominantly older baby boomers. Many use their retirement assets to get a property. This is simply not the popularity you might expect. Retiring where homes are less costly is the thing that we'd expect to see people do. Vancouver - The biggest foreign group buying Vancouver property is from Asia. Chinese people economy appears to be creating many business minded people ready to invest in Vancouver. Vancouver property prices appear to be a bargain compared to other cities in China. The established Chinese community in Vancouver is attracting people overseas. The community around China town as well as in the Richmond area are enticing. China community is well-established and quite large Using a definite Asian feel. Everything they require are available in in these areas. Whatever you might want is close by . Vancouver continues to be listed as the second most expensive city. If the average household income is when compared to cost of running a home, Vancouver ranks second behind Hong Kong with cities like The big apple arriving tenth. The incomes in Vancouver are generally low and also the Vancouver real estate prices high causing this kind of high ratio. The skilled labour force in Canada is diminishing but at a larger rate in Vancouver. The reason for this can be house prices being too much and wages lacking numerous do not want to call home there. This makes it a hardship on new skilled labour to maneuver back in. These tough economic times hit the Canadian economy in 2008 and Vancouver real-estate prices fell while they did everywhere. The difference here was the decline was less as well as the recovery sooner .Once more they went up against the trend and rose sharper than most other real estate markets. With all the continued interest in the Vancouver real estate market from the Asian investor as well as the Canadian retiree, the market continue to surprise professionals. There's talk of a market correction because how high really can the values go. This is also the discussion in 2002 when prices in Vancouver were much lower. When the prices increase further who will be capable of afford to are now living in Vancouver. But history has shown that Vancouver can be a desirable city to live in and individuals will pay whatever it costs to live there. Real Estate - Is really a correction coming, no-one can tell .If people continue to desire to reside in Vancouver or purchase Vancouver real-estate, prices should stay strong.