Link: Justin Bedi: Don�t panic if Victoria house prices drop

But, even if prices dip for a few months or a few years, you can bet that they are going to climb right back up, and before you know it we’ll have another seller’s market on our hands. Because no matter what initiatives government might take up, they can’t build housing units faster than people want to buy properties.

Those who avoid panicking, and can afford to weather the potential storm, will likely come out with the return on investment they were hoping for, and potential buyers will have to relive the current situation.