Is Vancouver in the midst of a real estate bubble?

Real estate speculation and affordability was the topic of a Daily Hive article.

As long as foreign investors are drawn to Vancouver, demand and prices will continue to rise, according to Thomas Davidoff with UBC’s Sauder School of Business.

“When demand grows, we don’t get more supply, so much as we get higher prices,” Davidoff told Daily Hive. “In the long run, there’s going to be more rich people chasing after Vancouver real estate for sure.”