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Vancouver Real Estate - Do you know of Vancouver real estate is so expensive. Also to input it plainly, Vancouver is just not having enough land to expand. With all the location of Vancouver and her climate this inability to expand is compounded. Vancouver has three geographical factors which are 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 costs. You need almost a million dollars to get the common home. There are numerous stories from real estate professionals Vancouver of homes purchased and torn right down to develop a newer, more Luxurious home on the same property. Blocks of homes have been got at over the asking price driving the entire prices in your community up. Vancouver real-estate is very popular from 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 attractive to people from Asia. Where else can you golf and ski then go out for a five star dinner. Canadians that tend to go on to the Vancouver region are predominantly older baby boomers. Many of them use their retirement assets to get a home. This is simply not the trend one could expect. Retiring where homes are less expensive is exactly what we'd expect to see people do. Vancouver Real Estate - The greatest foreign group buying Vancouver real-estate is from Asia. The Chinese economy is apparently creating many business minded people willing to spend money on Vancouver. Vancouver property prices are a great deal compared to other cities in China. The established Chinese community in Vancouver is attracting people overseas. The city around China town plus the Richmond area are enticing. China community is well established and quite large Having a definite Asian feel. Everything that they require are available in in these areas. Whatever you might be looking for is near by . Vancouver continues to be listed since the second most costly city. If the average household salary is when compared to cost of having a home, Vancouver ranks second behind Hong Kong with cities like The big apple arriving tenth. The incomes in Vancouver are usually low as well as the Vancouver property prices high causing this type 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 high and wages too low so many do not want to call home there. This will make it a hardship on new skilled labour to go in. These tough economic times hit the Canadian economy in 2008 and Vancouver real-estate prices fell while they did everywhere. The main difference here was the decline was less and also the recovery sooner .Yet again they went from the trend and rose sharper than other markets. With the continued interest in the Vancouver housing market by the Asian investor and also the Canadian retiree, the marketplace will continue to surprise experts. There's talk of the market correction because how high can actually the costs go. This was even the discussion in 2002 when prices in Vancouver were reduced. If 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 reside and people will pay whatever it is to reside there. Vancouver Real Estate - Can be a correction coming, no-one can tell .If people continue to want to reside in Vancouver or purchase Vancouver real-estate, prices should stay strong.