Infographic Vancouver Real Estate Mania
The story of a humble 86-year-old home in Vancouver’s Point Grey neighbourhood was widely circulated by national media outlets and became a lightning rod for local frustration with skyrocketing property values. The “knockdown”, with its rotting walls and $2.4 million asking price, perfectly underscored how crazy the region’s overheated housing market had gotten. A month later, the house was sold for $80,000 above its asking price, rekindling public outrage. How did Vancouver reach this point?...