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Trapped in a world-class city.

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There’s a tidbit in 24 about downtown residents irate about being trapped in their condos by the Vancouver International Triathalon.

Brandon Steele was ready to go on vacation yesterday morning until he tried to leave his condo at 1111 Beach Ave.

“I got outside and just saw a blue fence. It was like being under house arrest,” said Steele, who had planned to drive to the Interior.

Steele told 24 hours there has never been a problem getting out of his building during previous triathlons.

However, organizers explained, this was a world class event.

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steve

was this the same brandon steele that was one of the infamous stanley park 6 that beat the crap out of the drug dealer?wouldn't want to piss him off

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patriotz

Los Angeles is also a seller's market with 1 in 196.Using an aggregate figure is tricky, as LA is the US's most populated county and goes all the way out to places like Lancaster/Palmdale, which are in the same market segment as Riverside/SB.Not to mention places like Santa Monica and Compton are entirely different market segments, etc. But that's also true in most metros. And I would expect the inner-city market to collapse very quickly as it was supported entirely by subprime.I notice also the Seattle metro figure doesn't include Pierce County (Tacoma), which is the most downmarket segment.

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freako

"I think Vancouver is at least 200+ if you use listing per population. One post in old VHB showed that listing per total housing unit is about 1 to 200 for most GVRD and FV area. So inventory is still seller's market by historical standards, I believe."Sounds about right. Seattle has similar pop, and their inventory is running a little ahead of ours. I think we are about 1 year behind them.Not sure if 1 in 200 necessarily indicates a sellers market. In that case, Los Angeles is also a seller's market with 1 in 196.

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markx

Freako: I think Vancouver is at least 200+ if you use listing per population. One post in old VHB showed that listing per total housing unit is about 1 to 200 for most GVRD and FV area. So inventory is still seller's market by historical standards, I believe. Just not as extreme as in some periods.The regular inventory in US might be tapering, but foreclosure inventory is sure surging, up 90%.

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Jim

freako: Fair comment and don't take me too seriously. I am convinced VHB is Camelion(sic) Muir.

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freako

Oh, and as per bubbletracking, Seattle isn't doing to shabby in the listings per population. 1 per 143. What is Vancouver currently at? I presume we should combine GV and FV.Riverside County 1:64Las Vegas/Clark County 1:65Phoenix/Maricopa & Pinal Counties 1:67San Bernardino County 1:70Metro Sacramento 4 Counties 1:125Ventura County 1:139Seattle/King & Snohomish Counties 1:143San Diego County 1:144Orange County 1:166Los Angeles County 1:196Santa Clara County 1:302

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freako

"Is that how blogs usually work.. continue conversations in the most recent post regardless of its substance? "How much is there really to discuss about a man trapped in his condo? It was an amusing anecdote, which genuinely funny guys like the pope can't help but to post as "serious" news. I seriously don't think that he or anyone else expects a 100 post discussion about event closures."but Credit Union central offers some more balanced commentary on the local RE market."I haven't read it, but I am not willing to forgive Pastricknomics just yet."On a related note, it looks like Seattle inventory is creeping up"Yes adding at a good clip (most speculative U.S. cities are slowing their inventory growth). The Seattle median was up sharly year to date. Anybody have quality adjusted numbers such as Case-Shiller?"Rob chipman is outed as… Read more »

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Jim

satv: If you are going to hide behind your daft act then comments like:"thats what r.e. is all about hold it wait and watch", cannot slide. Rob chipman is outed as satv.

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Jade East

"thousands of leaflets were sent out to warn residents about the closures"Must have missed that under the pile of londondrugs, future shop and other spam.

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satv

doesn't matter what topic,this is vancouvercondo.info.this is regardless about housing.all good i am agree with all of you grant,the pope,jim,jesse you guys are all good on your point of view.jim thanks for the link,and there are more story that says EDMONTON eating all the cake 40% up mom.what vancouver's average 870,400 is unbeatable for det.470 for att.and 377 for condo.some one predict balanced mkt.ahead but next month is going to rock the party up and high.balanced or up there is no downward pressure .because when we look in percentage sale drop, that always looks high but in numbers 1000 att. house,500 det.and 0 appartments.so its easy to keep the spirit on and bank on future which is ^up and ^coming.thats what r.e. is all about hold it wait and watch.and there is one more news thats rental vacancy rate in… Read more »

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Gianni33

AHHAHAHAHAHAHAAHAHAHAHAHAHAHAAAA!!The Vancouver RE bubble bursting is going to be a world class joke 😉

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grant

Sorry to stray from the topics of triathalonsIs that how blogs usually work.. continue conversations in the most recent post regardless of its substance?

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jesse

From CUCBC: "B.C. housing starts are forecast to post a small decline this year to about 34,000 units from 36,443 in 2006. Most of the drop will be in single-detached construction, while multi-unit starts will hold up."With multi-unit construction going strong, it looks like dwelling formation will exceed population growth for yet another year. On a related note, it looks like Seattle inventory is creeping up. So much for the "Seattle is immune" theory. Dum-dum-dum… another one bites the dust.

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Jim

Sorry to stray from the topics of triathalons and the Chinese stock market, but Credit Union central offers some more balanced commentary on the local RE market.http://www.cucbc.com/publications/economics/pdf/briefing/current.pdfThey are calling a "unit sales" top in May or June. The decline in prices may become evident structurally in in Spring of next, year but seasonally in September this year.

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the pope

Stop being so reasonable grant, it was in the 'newspaper' so it must be a big deal!Its a world class story!

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grant

"… police were letting people through during breaks and thousands of leaflets were sent out to warn residents about the closures"

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