According to a report by Swiss bank UBS, when it comes to overpriced real estate, Vancouver’s “bubble risk” is unmatched on the planet.
According to the UBS Global Real Estate Bubble Index released this week, the ascent in Vancouver’s average housing costs with the growth in average wages, rents and other economic factors make it the destined to encounter a sudden descending rectification compared with 17 other vast cities around the world. The report likewise cautioned that investors are less inclined to see growth in property value in high “bubble risk” cities.