Homework for the weekend.

Bob Rennie, a real estate marketing machine, starts talking at the ten minute mark and drops useful stat after useful stat.

Click here for his annual address to the Urban Development Institute 

If you want talking points as to why this market, and all of BC, will continue to boom tune in. Toronto stats are sprinkled in as well.

We are on the cusp of the greatest wealth transfer in history.

Vancouver boomers are sitting on $197 Billion worth of clear title real estate.

Just imagine ten percent of that $197 Billion being put in the hands of young first time buyers.

At 5% down that would equate to $394 Billion worth of real estate purchases. Most of which needs to be built to meet new household formation numbers.

Tune in, you will not be disappointed.