This is the end! The end of another work week!
That means its time for another friday free-for-all open topic discussion thread.
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments section below and have a fantastic weekend!
Sales down, inventory up and prices are down for condos in the greater Vancouver area :
The price of a condo in Greater Vancouver is coming down. REBGV reported a benchmark price of $658,600 in January, down 0.8% from the month before. This represents a 1.7% decline compared to the same month last year. In the City proper, condo apartments in Vancouver East fell to $530,500, down 3.9% from last year. In Vancouver West prices fell to $783,400, down 3.6% from last year. Prices are falling, but they still have a long way to go for typical incomes.
Read the full article here.
It’s the end of another week and that means it’s time for another friday free-for-all!
Let’s do that open topic thing.
–rising interest rates no problem
–Valley condo prices see sharp change
–BC Hydro bail out
–money laundering investigation
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comment section and have a great weekend!
Not only are we almost certain to have the worst sales numbers for February in recent history, but – for the first time ever, it appears that we may increase MOI from Jan-Feb (that never happens).
Now the weather will have some impact for sure but this February is not going well and many people are waiting things out as prices settle down.
You know what time it is?
Friday free-for-all time!
It open topic time. What are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!