Have we hit bottom yet?
I don’t know if the real estate market in Vancouver has ever only declined for one year, particularly at the beginning of a global recession, and I know what most of you think about that question anyways, so I won’t ask if you think we’ve hit the bottom of the real estate correction..
I am however seeing encouraging signs that we’ve hit bottom of the bursting real estate bubble blog bubble though, despite the disappointing news yesterday of Condohypes closure. We originally called this bubble at the beginning of 2007, and at the start of this year we reported on the apparent bursting of the bubble blog bubble. Now however, we get news that Fish is back. That link has been updated on the links to the right, along with a belated correction of the link to Housing Analysis.
Is this just a spring bounce or the return of the Vancouver bubble blog bubble? Either way we’re always like to see new independent sources of information and opinion on the Vancouver real estate market, even if they’re old sources.
So when you change your mind Condohype, we’ll be happy to welcome you back.
April 2nd, 2009 at 9:18 pm
There might still be hope:
https://www.blogger.com/comment.g?blogID=59224638…
"
Gavin said…
Where did the stats go????
I was told by the fine folks at real page that they were upgrading me to a new "improved" site today and EVERYTHING would be transferred over. To my suprise i see not only does it look like crap but all the stats are gone and i now have no access to the back end.
I will call them first thing in the AM to see whats going on.
I'm not amused!!"
April 2nd, 2009 at 7:23 pm
REBGV detached benchmark for March down again to $649,342. Now -15.8% or $121,979 off peak.
So much for the market bottom and spring rally.
http://robchipman.net/blog/
April 2nd, 2009 at 6:10 pm
So much for Paul Boenisch's buddy Gavin Hughes keeping the website going, he has replaced it with this ugly mess:
http://www.nvcondos.ca/
The worst part is that he has linked in to MLS's horrible, non user friendly map based search tool so too bad for us that are tracking using the standard Vancouver West, False Creek North criteria.
Does anyone know of another agent that provides email updates based on the old system like http://www.realtylink.org?
I was going to use Paul as an agent but don't know about this Gavin guy.
April 2nd, 2009 at 5:57 pm
blueskies:Bear realtors and bear economists have no place to live these days even chicken shack price went up.Market was showing stability since you never find $400.000 price reduction.When was that last time? September 2008——- gone baby gone.
April 2nd, 2009 at 5:48 pm
Metro Vancouver Real Estate Sales bounce back. but i suppose march sales are always better than feb? and i would guess it's still lower than last year…
April 2nd, 2009 at 5:36 pm
Enduser:
yes i noticed that gavin h has a
"real estate" site
no blog for comments
and no price stats
or charts……WTF?
April 2nd, 2009 at 5:29 pm
Warren:
#52 What good is the gyrating stock market to the unemployed? Will they take thier last EI cheques and become day traders?
April 2nd, 2009 at 5:24 pm
#55 – here are the latest rbgv stats if that helps:
http://www.rebgv.org/sites/default/files/REBGV%20…
April 2nd, 2009 at 5:12 pm
xyz:
#49, Intrest rates may be at an all time low but as the Credit Suisse banker said " A 10 to 20 % discount may not be enough when prices are still 50% to high".
Hmmmmmmmmm a banker with no commission on the line or a shit for brains real tard who needs an excuse to go and get pissed. Tough choice, not!
April 2nd, 2009 at 5:10 pm
We used to get updates on nvcondos.ca for the latest monthly stats. With the new website version, does anyone know where we can find the March figures?
April 2nd, 2009 at 5:08 pm
Spectrum:
#47 Spectrum, The owner of 'Brix' bar restaurant in yaletown was just interviewed in the Province newsrag a few days ago and he said that the bars and restaurant business was so bad that most business owners were barely hanging on hoping for better days. I think I'd believe that guy rather than some others who have no direct knowledge or experiance.
April 2nd, 2009 at 5:07 pm
The stock market is going through a bear trap right now, before the next bear run will start.
April 2nd, 2009 at 4:56 pm
No bottom yet for RE that's for sure. Possibly for the stock market though.
April 2nd, 2009 at 4:07 pm
also supraboy it's no one on here's fault that you live with your parents and have never even kissed a girl.
Why don't you go for a drive to Surrey in your surrey supra