This year promises to be particularly exciting for real estate investors. For the first time in many years, we may actually see the interest rates creep up from their historical lows. The head of the US Federal Reserve, Ms. Janet Yellen, indicated on numerous occasions that the rates would go up incrementally as their quantitative easing was coming to an end.
Whenever a new condo tower is announced in Vancouver, public outcry is often not far behind. This has never been truer than in recent weeks with news headlines about Vancouver residents voicing their concerns over what condo developments will do to their sense of community, and the character of their neighbourhoods. It's a debate that's raged for decades. Is suburban sprawl or urban densification the answer to city growth? Is it better to go up or out? Each has its proponents and buckets of data to back up their views.