A pair of economists say it’s totally unfair to compare Canadian housing market to the pre-bubble U.S. market

Posted by Benjamin Tal & Andrew Grantham - CIBC

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One of the world’s most influential investors — Laurence D. Fink, head of the world’s largest asset fund, BlackRock Inc. — recently declared Vancouver property is not only as good as gold, but better.

“The two greatest stores of wealth internationally today are contemporary art, and apartments in Manhattan, Vancouver and London,” he told a conference of investors in Singapore.

Jonathan Cooper of MacDonald Realty Vancouver says evidence is mounting the city is, in fact, a special market.

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