Want to buy the mayors house?

According to real estate reporter extraordinaire village whisperer, the Mayor has put his home in Vancouver up for sale.

Or at least his corporation has put his home up for sale.

As far as we know there has been no announced plan for the Mayor to move away from Vancouver so it’s curious to see this listing.

Perhaps he’s trading in his city farmhouse for a more Vancouverish condo lifestyle, some posters here are saying they’re beginning to find deals in the long stagnant condo market. Or maybe he’s just going to couch surf for a while.

You don’t think we’ll end up with a Mayor who rents do you? My God! What would the neighbours think?!

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logic
Guest
logic

meh, Gregor is old Vancouver money. It’s not as if he _needs_ the almost 2 mil he is asking for.

Naked Official Returns
Guest
Naked Official Returns

this will buy a lot of private instruction at the hot yoga on Cortez Island.

Democrass
Member
Democrass

Mayor is asking $350,000 above assessed value even when assessed value has dropped $168,000 YOY. This site has the listing and the assessed values for the past two years:

http://www.ecorealtyinc.ca/listing?id=260358033

Let’s see how long this place takes to sell.

Democrass
Member
Democrass

Should say “assessed value has dropped $160,000 YOY”

George
Guest
George

Vancouver real estate market is “in transition” and CMHC market analyst is forecasting “a moderate 2013 leading to stronger growth in 2014.”

http://www.vancouversun.com/business/real-estate/Lagging+home+sales+point+Metro+Vancouver+real+estate/8637601/story.html

George
Guest
George

Condo building in Maple Ridge plastered with “For Sale” signs:

http://vreaa.wordpress.com/2013/07/10/nothing-wrong-here/

George
Guest
George

Has the Mayor of Vancouver gone bearish on real estate? He’s trying to sell his west side house for $1.95 million.

http://whispersfromtheedgeoftherainforest.blogspot.ca/2013/07/guess-whos-trying-to-cash-out-of-real.html

Mayor
Guest
Mayor

My house is owned by a Corporation. If prices fell, the Corp would declare bankruptcy. If they rise like they did, I will pocket the gain.

Joe Mainlander
Guest
Joe Mainlander

Hmmm. Vancouver Sun says Van RE market “in transition”. (post #5).

Huffington Post says, “Vancouver Housing Prices Drop: Royal LePage Survey”

http://www.huffingtonpost.ca/2013/07/09/vancouver-housing-bubble-prices-dropping-royal-lepage_n_3568473.html

“Vancouver’s real estate market proved the exception to Canada’s rule in the second quarter of 2013, as housing prices continued to show a drop over the same period in 2012, while nationally the trend was up.

The average price of a detached bungalow in Vancouver dropped 3.2 per cent to $1,052,500 over last year, while standard two-storey homes dropped 2.3 per cent to $1,151,250 and standard condos dropped 3.3 per cent to $490,475, a Royal LePage survey found.”

Mothership
Guest
Mothership

mayor is planning to return to his home planet.

Whose making money?
Guest
Whose making money?
All this talk about renters suck, owners are making a mint just does not add up. The average person in the GVRD who bought in the last 5 years has not even made inflation Using the Frankenindex HPI (which is heavily manipulated) straight from the offical website http://www.rebgv.org/home-price-index?region=Greater+Vancouver&type=Residential&date=2013-06-01 Benchmark Price $601,900 June 2013 3 yr. return 4.6% = 1.53% per year 3 yr. return after inflation = -0.97% per year Total 3 yr REAL loss (assuming 1% for PPTY tax per year) -5.91% 5 yr. return 5.7% = 1.14% per year 5 yr. return after inflation = -1.36% Total 5 yr. REAL loss (assuming 1% for PPTY tax per year -11.8% This is before strata, maintenance, special assessments, closing costs and PPT. So I ask again? WHO IS MAKING MONEY? My rent hasn’t moved since 2008 so it has gone… Read more »
Harvey
Guest
Harvey

when your kids are 20 they will not remember didly squat from Italy trip but them having a free basement living in paid off hosue would be darn good boost at that time.

Best place on meth
Member
Best place on meth

Hey, all you people stop dissing Mayor Moonbeam.

At least he’s not Rob Ford.

Best place on meth
Member
Best place on meth

@Harvey

“when your kids are 20 they will not remember didly squat from Italy trip”

Apparently you must have been 6 years old during the last real estate bust because you don’t remember that either.

Nix
Guest
Nix

We will see if this plays out in Canada as well. Many of us haven’t spent much of our adult lives in a rising interest rate environment so it will be interesting to see how it plays out.

http://www.cnbc.com/id/100876300

Melba
Guest
Melba

“mayor is planning to return to his home planet.”

I don’t think they’d take him back. How do you think he ended up here in the first place?

Best place on meth
Member
Best place on meth

@Nix

” The spike is causing a sense of urgency now, a rush to buy before rates go higher, but that will be short term.”

Exactly why we’ve seen an increase in sales over the last few weeks which is completely out of character for this time of year.

Lots of people are pulling the trigger on their rate holds of 2.79% because those rates are long gone.

Burnabonian
Guest
Burnabonian
This will be a fantastic personal wake-up call for His Worship. One assumes that most of his context on Vancouver RE comes from the stories of how great and stable and profitable the market is from the banks, developers, and realtors. He’ll now spend the summer, fall, and winter in the shoes of an actual rank-and-file Vancouverite: waiting, suffering empty open houses, incrementing his price down, readjusting his expectations. Slowly coming to the realization that not even his assessment is realistic; never mind the wild dreams of bajillion-dollar profits that his realtor has convinced him of. If the cartel had a brain, it would send an angel in to buy Robertson’s house at above asking price. It might even send in two or three of them to have a mock bidding war. His Worship must be protected from exposure to… Read more »
George
Guest
George
Yalie
Guest
Yalie
Talking about BC real estate, the analyst in this article says “the worst is behind us.” One of the first principles of journalism is that the writer should always consider the potential for bias or conflict of interest in the source. Any reporter who thinks about it for more than two seconds would realize that the person in question is not an an “economist” or “analyst” but instead a marketing/PR spokesperson for the bank. Given that this is the level of inquiry and due diligence that goes in the news nowadays, I have virtually no trust in anything at all produced by the MSM any more. On that note, a big thank you to the Pope, Whisperer, Jesse, VREAA, GT, Observer, Fish, Ben, and all the other *real* journalists out there in the blogosphere doing the job that the MSM… Read more »
franko
Member
franko

China just reported it’s first export decline in 17 months.

Just another indication that HAM won’t be back anytime soon, and no wonder that listings and price cuts are on the increase in Richmond and the British Properties.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

surely, the mayor selling his house is a sign that the bubble will finally collapse. all of those other signs were false, but this one is for realz.

jesse
Member

Scandalous that a mayor sells property from time to time.

gokou3
Guest
gokou3
Best place on meth
Member
Best place on meth

So the mayor wanted to move further west to get away from the shootouts near Douglas Park – sounds like a smart move.

I’m sure the security perimeter at his new undisclosed location will be top notch.

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