Tsur Somerville, professor and director of UBC’s centre for urban economics and real estate, was quoted in a Vancouver Sun story about the latest property assessment data.
Somerville said the big jump in strata property value is worrisome.
“When you see a lot of price appreciation in the thing that’s really the entry-level product, then you’re really more concerned about people being shut out, particularly when you see these kinds of increases out in the Fraser Valley,” he said.
