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GAIA Host Collective
Hard to say IMO.
Places like Toronto for instance, will likely face the same crush of chaos externalities (energy/climate change) as say NY thus, RE value will adjust accordingly.
RE value in Vancouver on the other hand, should continue to rise as said chaos externalities will most assuredly not affect the westcoast as they will the east. (NOTE: this is why NORTHCOM splits the continent east/west).
Moreover, I assert that Vancouver is likely to become the last surviving city -as we conceptually define the term- in Canada, if not the North American continent as a whole for the list of advantages of this locale are staggering.
I'd recommend moving to BC now if at all possible Stoney.
Thanks for the invitation :) I've never been to BC and I hear it's very beautiful, but I couldn't possibly afford to live there. I'm afraid that Vancouver has one of the biggest property bubbles in North America right now, and I expect the readjustment to be vicious even without a subprime element.
Vancouver, viable? I don't know.
You have several million people crowded into a small valley surrounded by mountainous terrain. A very limited patch of rich farmland is rapidly being covered with suburban roads and housing. As long as the groceries are trucked in from California this is not a problem.
The Vancouver real estate boom is fed by Asian money, to no small extent. It also derives from the fact that Vancouver's climate is mild and its setting is very pleasing, esthetically. But that won't mean much in the face of any real economic hardship.
Right on JFP, we're a world class city since Expo 86 which only translates into one more place that can't feed itself.
Soon all the old homeless streetpeople will be getting ready to greet all the new homeless streetpeople who get chucked out of their fleabag hotels when Vancouver hosts the winter Olympics in 2010. They are painting a big sign that reads. WELCOME TO ALL YOU SILLY BUGGER TOURISTS COMING HERE JUST IN TIME FOR THE END OF THE WORLD.
Spirit of the West (a Vancouver band) wrote a powerful song on that topic in the 1980s - the last time Vancouver hosted something similar and exactly the same thing happened. I think it was called 'I'm Alright Jack'.