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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (40563)	1/5/2004 5:31:23 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69291

I have seen a real estate boom happening in Vancouver also. The scary part is that they are building a lot of condos. From articles I have seen 1/2 of all condos locally are being bought by investors. That is an outrageous amount of condos. At the same time rental rates are pretty weak as low interest rates are allow people who used to rent to buy. My question would be who is going to buy all those condos when the baby boomers want to retire? The population coming up behind is a lot smaller in numbers, so the demand will be lower. I am already seeing a lot of olders couple down sizing from larger houses as their kids are now all gone. The better health of retirees is allow them to be more active, so they tend to want to be near to community centres and golf courses. A lot of them are looking for small town houses or luxury condos. As far as I know the high end of the market has not risen all the dramatically the last few years. It has all been in starter homes for the tail end of the baby boomers. Given the low job growth, a lot of these baby boomers are in their peak earning years, but they are not able to get the big salary increases of their predecessors.