Vancouver has industrial roots but, unlike Hamilton or any of the “rust belt” cities, the past few decades have seen Vancouver become more of a capitalist city than an industrial one. Until recently, Vancouver’s real estate market was a somewhat laissez-faire system with houses flipping faster than fingers at a Main Street cyclist. Fortunately, regulations were put in place to tether the sky-high price escalation and the escalation slowed, for now
But the sky’s the limit because real estate marketing is based on lifestyle and promises for the future while valuation is based on estimating an inevitable scarcity of supply. It’s an impossible equation: dreams of future security against an out-of-reach probability.
Acrylic on canvas, 11″ x 14″
Located at: York Theatre on Commercial Drive.