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Housing prices are already correcting in the U.S.

Sometime in the future, this shooting star is going to correct itself. There is no way this can keep going forever. Vancouver is now the 3rd less affordable city in North America to live in. Housing prices has gone up so fast that income can’t keep up. You want to know which Canadian city has the most expensive housing price? I’m living in it. When I brought my first place I felt it was very expensive. Now I think I got a great deal! So I’m not scare to pay some pretty ridiculous prices for real estate at this time because I don’t see prices correcting themselves until about 2009 – 2010. So, for the next few years, I’ll be in buying mode.

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