Greater Vancouver has best month for home sales since 1986

Best if you’re hoping for price drops on real estate that is.

We dont have official numbers for March yet, but realtor Steve Saretsky says that we just saw the lowest March sales numbers since 1986:

Saretsky said prices are in fact taking a dip, however the slide isn’t evenly distributed.
“You know you can probably get a 40 per cent discount at a house in West Vancouver, but you might only get a 15 per cent discount on a house in East Vancouver.”
He added that condo sales also saw an 18-year low last month.

Of course he did say this on April 1st. Read the full article here.

Sort by: newest | oldest | most voted

Friday free-for-all! April 5th 2019 | Vancouver Condo Info

Share On Twitter Share On Google

Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

[…] – sales tumble to 33 year low […]

Member

paulb

Share On Twitter Share On Google

New
234
Price Change
115
Sold
93
TI:13791

http://www.clivestevepaul.com

Guest

Bubble

Share On Twitter Share On Google

Why is New York City cracking down on Airbnb?
https://youtu.be/pvR9YN8Mpgc

Guest

bullwhip29

Share On Twitter Share On Google

Vancouver realtor, Steven Sion Hok Oei, fined for giving false info about the age of a house
https://www.citynews1130.com/2019/04/04/vancouver-realtor-fined/

>>> in this case buyer should be granted an option (of at least 1-2 wks) to back out of deal due to fraudulent misrepresentation. if seller’s agent lied about this, who is to say other details in the PDS weren’t fudged as well? if, at the end of new subject removal period buyer still wishes to proceed, then seller’s agent should forfeit all of his commission which should then be awarded to buyer as further compensation

Member

Dave

Share On Twitter Share On Google

I can tell you stories…

Guest

Bubble

Share On Twitter Share On Google

Flipping gone wild:

1896 WESBROOK CRESCENT, UBC area, Vancouver

Someone bought this piece of land for $6,100,000 4 years ago, and tried to sell it for a big profit. Many realtors are involved.
Price reduced from $11,780,000 to $6,980,000

Date Comments MLS® Number
2019-Mar-22 Listed $6,980,000 R2351669
Royal Pacific Realty Corp.
2019-Mar-22 Terminated $7,980,000 R2348747
2019-Mar-11 Listed for sale R2348747
Royal Pacific Realty Corp.
2019-Mar-01 Terminated $11,900,000 R2334241
2019-Jan-21 Listed for sale R2334241
Homeland Realty
2019-Jan-21 Expired $11,900,000 R2304292
2018-Sep-10 Listed for sale R2304292
Homeland Realty
2018-Aug-17 Terminated $11,900,000 R2285926
2018-Jul-01 Listed for sale R2285926
LeHomes Realty
2018-Jun-19 Terminated $9,980,000 R2263908
2018-Apr-27 Terminated $11,780,000 R2232948
2018-Apr-26 Listed for sale R2263908
Royal Pacific Realty Corp.
2018-Jan-17 Listed for sale R2232948
Royal Pacific Realty Corp.
2017-Dec-01 Terminated $11,680,000 R2215054
2017-Oct-17 Terminated $11,680,000 R2188320
2017-Oct-16 Listed for sale R2215054
Sutton Group-West Coast Realty
2017-Jul-13 Listed for sale R2188320
Sutton Group-West Coast Realty
2017-Jul-10 Terminated $7,990,000 R2176710
2017-Jun-12 Terminated $9,600,000 R2165946
2017-Jun-11 Listed for sale R2176710
New Coast Realty
2017-May-12 Listed for sale R2165946
New Coast Realty
2017-May-11 Expired $10,000,000 R2129549
2017-Jan-06 Listed for sale R2129549
Royal Pacific Realty Corp.
2016-Nov-23 Terminated $11,780,000 R2102793
2016-Aug-21 Listed for sale R2102793
Royal Pacific Realty Corp.
2016-May-31 Terminated $11,780,000 R2059976
2016-Apr-18 Listed for sale R2059976
Royal Pacific Realty Corp.
2015-May-02 Sold $6,100,000 V1097400
2014-Dec-30 Listed for sale V1097400

Guest

Oracle

Share On Twitter Share On Google

Was it sold outside of the MLS system each time is was MLS Terminated?

Check the BC assessment site.

Member

Simple Solution

Share On Twitter Share On Google

No sales history in the last 3 years.

Member

Laibach

Share On Twitter Share On Google

Cash changing hands in China? Macau gambling token?

Guest

bullwhip29

Share On Twitter Share On Google

this looks like a cookie cutter New Coast money refining special

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

How so?

Guest

bullwhip29

Share On Twitter Share On Google

Cryptocurrency firm owners fight suit that alleges they perpetrated a $30-million fraud
https://vancouversun.com/business/local-business/cryptocurrency-firm-owners-fight-suit-that-alleges-they-perpetrated-a-30-million-fraud

Member

Laibach

Share On Twitter Share On Google

It is a well known and widely implemented business model in BC that involves various business experts from China? The same model implemented by Istuary Innovation Lab Ltd which was highly regarded by Canadian PM. It is professionaly known as “Ponzi scheme and sham”.

https://www.cbc.ca/news/canada/british-columbia/lawsuits-allege-vancouver-tech-company-a-ponzi-scheme-and-sham-1.4310897

Member

Laibach

Share On Twitter Share On Google

They seem to be business savvy…

“The three-bedroom townhouse with views of Coal Harbour was bought in late 2017 by Hobbs and Cheng for $4.1 million in cash, but was recently listed for sale at $7.88 million.”

Guest

bullwhip29

Share On Twitter Share On Google

Just a day after it emerged that St. Paul’s Hospital was up for sale, another significant Vancouver property has hit the market
https://globalnews.ca/news/5131470/international-village-for-sale/

Guest

bullwhip29

Share On Twitter Share On Google

B.C. to consider ‘some relief’ for drivers who can’t afford gas prices
https://bc.ctvnews.ca/b-c-to-consider-some-relief-for-drivers-who-can-t-afford-gas-prices-horgan-1.4366530

>>> LOL…wtf?

Guest

Canada is for Canadians

Share On Twitter Share On Google

New York nearly got a version of Vancouver’s empty homes tax — before the real estate industry killed it

https://globalnews.ca/news/5114312/new-york-vancouver-empty-homes-tax/

Guest

SAD!

Share On Twitter Share On Google

Are Chinese Girls “Breed Ready?” | China Uncensored

A hacker discovers China’s database of “breed-ready women.” Is this the CCP’s plan to combat the disastrous consequences of their One Child Policy, falling birth rates and an aging population?

https://www.youtube.com/watch?v=fR-JFTByewI

Member

Dave

Share On Twitter Share On Google

One for the anecdote file…

A new courier came to my office today and I recognized him as a realtor. It’s not surprising that some realtors are going to need second jobs, but I saw it firsthand today.

Member

Simple Solution

Share On Twitter Share On Google

“realtor”…

Guest

Screwed

Share On Twitter Share On Google

Was it Rennie?

Member

Dave

Share On Twitter Share On Google

I think Rennie will be fine. He’s a middle man and isn’t that exposed. He doesn’t have large capital or fixed costs in my view. He can always lay people off to get his costs down. Since he’s at the top, the question is whether he makes $50 Million or $10 Million this year. Either way, he’s making good coin.

Member

Doomcouver

Share On Twitter Share On Google

Wish we still had the realtor hunger index. They’re hungrier than ever right now.

Member

Dave

Share On Twitter Share On Google

I’d rather see the sugar-baby MILF index. I bet a lot of Milfy realtors pursue that as a side gig. How else you gonna pay for that leased BMW, Holt Renfrew card and shoe budget? Prices are headed down… for sure. What they’re going to learn is nobody pays for Milfs because you get them for free.

Guest

YVR

Share On Twitter Share On Google

Are you saying open house traffic does not pay the bills?

Member

Dave

Share On Twitter Share On Google

Not unless you’re finding a sugar daddy or mommy in that open house traffic.

Member

Dave

Share On Twitter Share On Google

Price decreases seem to be ahead of what you would expect from Months of Inventory. I think the reason for that is sales are so low relative to a couple years ago that realtors are starting to push their clients to cut prices, just so they can make a sale.

Member

Laibach

Share On Twitter Share On Google

That guy got lucky to look for another job early and get a good one (courier ) while they are still available.

Member

Dave

Share On Twitter Share On Google

A lot of realtors lease cars, as do couriers, so that might be a good cross-over job, at least in their minds.

Member

Hyper-mega-Bull

Share On Twitter Share On Google

How China Turned a City Into a Prison

https://www.nytimes.com/interactive/2019/04/04/world/asia/xinjiang-china-surveillance-prison.html

Member

Best place on meth

Share On Twitter Share On Google

I was expecting this to be about Vancouver.

Guest

Make Trudeau a Drama teacher again?

Share On Twitter Share On Google

Lets hope they hate Trudeau

Daphne Bramham: Concerns raised about Chinese interference in Canada’s fall election http://vancouversun.com/news/local-news/daphne-bramham-concerns-raised-about-chinese-interference-in-canadas-fall-election

Member

Best place on meth

Share On Twitter Share On Google

No china man should be allowed to set foot in this country unless they sign a declaration denouncing the communist party.

Member

Laibach

Share On Twitter Share On Google

Rather not allowed in at all, because to get them to “sign” whatever is pointless. They certainly signed those fake passports too.

https://www.cbc.ca/amp/1.3886719

Member

Dave

Share On Twitter Share On Google

Who doesn’t?

Member

Laibach

Share On Twitter Share On Google

Canada has become “a battleground on which the Chinese Communist Party seeks to terrorize, humiliate and neuter its opponents. As one of the organizers, Li spoke last. She urged Chinese-Canadians to speak up in support of non-Chinese critics when Chinese officials and their supporters try to silence them with accusations of racism.”

Fucks apparently became deeply infiltrated. VCI is a good example with remarks from their regular shitheads.

Guest

bullwhip29

Share On Twitter Share On Google

Ten months after B.C. outlawed real estate agents acting for both a buyer and a seller of the same property, the controversial “dual agency” ban has barely raised a ripple
https://biv.com/article/2019/04/impact-dual-agency-ban-downplayed

Guest

StupidityCheck

Share On Twitter Share On Google

Just checked, and BullwhipLikesLinks.com is available. Maybe you could spend your time there, instead?

Guest

SilentBob

Share On Twitter Share On Google

I for one appreciate his efforts.

Guest

Canada is for Canadians

Share On Twitter Share On Google

so do I.

Guest

bullwhip29

Share On Twitter Share On Google

To combat illegal cash transactions at Richmond City Hall, the finance committee is endorsing a limit of $10,000 for any cash payments
https://www.richmond-news.com/news/paying-taxes-with-cash-frowned-upon-in-richmond-1.23779894

>>> so, in other words, virtually every owner can still pay their property taxes with cash. as Rmd coun. greene pointed out that even a $7000 limit would have captured 95% of tax bills

Guest

bullwhip29

Share On Twitter Share On Google

A proposal for rental-only zoning in Richmond was punted back to staff after the planning committee concluded there was still need for more information and consultation
https://www.richmond-news.com/news/richmond-rental-only-zoning-bylaw-sent-back-to-staff-1.23780000

>>> well that was fast…

Member

paulb

Share On Twitter Share On Google

New
283
Price Change
114
Sold
68
TI:13733

http://www.clivestevepaul.com

Member

Specuskeptic

Share On Twitter Share On Google

14K by Friday? If not, we’ll see that Monday. That will have us crossing well into the upper half of historical norms. Love the trend line at the moment…. https://vured.blogspot.com/

Not counting chickens before they hatch, mind you.

Member

Doomcouver

Share On Twitter Share On Google

5-year high on TI for March and a 33 year low on sales. Impressive… I’m extremely interested to see April numbers. Should start breaking some big total inventory records soon as well.

Member

Best place on meth

Share On Twitter Share On Google

Today is the highest inventory since May 2015.

Member

Best place on meth

Share On Twitter Share On Google

Doesn’t matter if we’re a little over or a little under by Friday.

This downward trend has not only taken hold over a long period, but it’s gaining momentum as the market continues to deteriorate.

Enjoy the high listings, low sales and rapidly increasing inventory. This trend is not turning anytime soon.

Guest

SAD!

Share On Twitter Share On Google

China’s Secret Invasion of the US | General Robert Spalding | Trump China | China Uncensored

https://www.youtube.com/watch?v=PHgqPaqUt80

Member

Best place on meth

Share On Twitter Share On Google

It’s heartwarming to see everyone now despising china.

Still, I don’t understand why it took so long.

Guest

YVR

Share On Twitter Share On Google

Trump was talking about China and their criminal trade practices 25 years ago. Too bad it took him so long to run for president.

Member

Laibach

Share On Twitter Share On Google

Right, decoupling by all means.

Member

Hyper-mega-Bull

Share On Twitter Share On Google

the most important video you can watch this year to understand the world we live in.

Guest

Watcher

Share On Twitter Share On Google

Several areas recorded month over month price increases in the Single Family Detached category in the latest REBGV stats report. Price increase areas include North Van, North Burnaby, South Burnaby, Ladner, Maple Ridge, Pitt Meadows, Sunshine Coast. Richmond was unchanged.

This combined with the disastrous headline about lowest sales since 1986 makes one wonder if this the bottom is in.

Member

JT sucks

Share On Twitter Share On Google

Fake News!

Member

Dave

Share On Twitter Share On Google

The bottom isn’t in until I say so. 6-18 months to go. Trust me on this.

Guest

Oracle

Share On Twitter Share On Google

I’m thinking 5-10 months and off we g

Member

Dave

Share On Twitter Share On Google

The market can only take off at certain times in my view… Fall or Spring, which is either October or say April. That’s where my months come from. I’m saying October 2019, April 2020 or October 2020. Bears need to realize we’re well into this now and real estate corrections aren’t typically long. The last two major corrections bounced quickly. We’re a couple years into the detached home correction and almost a year for condos. We had a failure to bounce this Spring. The next test is 6 months away and prices will be down at that time along with interest rates with pent up demand. And if we don’t bounce then, there will be that much more pent up demand and even lower prices for the next test. If you’re looking to buy, I think you gotta watch for… Read more »

Member

Laibach

Share On Twitter Share On Google

That is odd, a slump even hardly started?

Guest

Watcher

Share On Twitter Share On Google

We are two years from the peak.

Guest

real estate

Share On Twitter Share On Google

see our list in http://www.roomvu.com

Guest

bullwhip29

Share On Twitter Share On Google

Richmond housing is a gold mine for big Airbnb players – some live abroad
974 Richmond Airbnb listings are reported, including 26 run by the same operator
https://www.richmond-news.com/news/richmond-housing-is-a-gold-mine-for-big-airbnb-players-some-live-abroad-1.23778572

Guest

Canada is for Canadians

Share On Twitter Share On Google

“The city of Richmond should know about it and do something about it. If they ever need my help gathering the data, I’m happy to help,” said Rezel.

except that the city of Richmond is only paying lip service to this issue because they are scared of being called “racists”. I have never in my time seen so many levels of government seemingly powerless to stop any type of crime (drugs, money laundering, Airbnb, frauds, etc. ) unless it’s for writing revenue producing speeding tickets, then they have lots of resources for that.

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

Evidence that they’re scared of being called racists? Zero.

Guest

Canada is for Canadians

Share On Twitter Share On Google

And it’s the same reason that they won’t enforce their signs bylaw.

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

Why doesn’t the City of Vancouver enforce its dog leash laws? What are they scared of in your opinion?

Guest

YVR

Share On Twitter Share On Google

It could be dogs are nice to be around and do the city no harm. On the other hand…

Member

Best place on meth

Share On Twitter Share On Google

As far as I know, the city does enforce leash laws?

And why are you comparing chinese to dogs?

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

If you ever ventured outside your palace you would see people in parks, at the beach, and on streets violating dog leash laws. They don’t give a fuck, and there’s no enforcement.

There are also people smoking within 6 meters of doorways and windows.

They’re clearly too afraid, right?

Member

Best place on meth

Share On Twitter Share On Google

Ok, let me try to explain this to you, as painful as it is to do so.

Dogs are moving targets and only in 1 place for a few minutes. Therefore it’s difficult to catch them all.

Smokers are a moving target and only in 1 place for a few minutes. Therefore it’s difficult to catch them all.

Signs in chinese on the other hand are……fuck, never mind.

Guest

bullwhip29

Share On Twitter Share On Google

The St. Paul’s Hospital site in Downtown Vancouver has quietly been put up for sale. But details are hard to come by
https://vancouversun.com/business/commercial-real-estate/st-pauls-hospital-site-in-downtown-vancouver-up-for-sale

Member

Bag it and tag it

Share On Twitter Share On Google

I’m sure they already know who’s going to buy it. They’re just pretending that it’s on the open market for optics. Oh yeah, Moonbeam is no longer mayor, so maybe I’m wrong on that.

Member

patriotz

Share On Twitter Share On Google

“Oh yeah, Moonbeam is no longer mayor, so maybe I’m wrong on that.”

CoV doesn’t own St. Paul’s or any other hospital in the city. The article itself says it’s owned by Providence Health, which is a non-profit that operates all the historical Catholic hospitals.

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

These losers don’t do facts, only opinions.

Member

Best place on meth

Share On Twitter Share On Google

Calling everyone here a loser is in FACT just an OPINION.

Chew on that for a while, bitch.

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

Racists are losers by definition. Duh.

Member

Best place on meth

Share On Twitter Share On Google

Calling everyone here a racist is another one of your incredibly worthless opinions.

You’re just full of opinions, among other things.

Guest

Shut It Down Already (original)

Share On Twitter Share On Google

If you use racial slurs or support the use of them then you’re a racist. That’s a fact.

Life must be so difficult for you. No wonder you’re quite the failure.

Guest

YVR

Share On Twitter Share On Google

False

Member

Best place on meth

Share On Twitter Share On Google

Nobody cares what you think, but it’s time for you to go harass patriotz again.

It’s been over an hour.

Guest

bullwhip29

Share On Twitter Share On Google

Vancouver fails to build any affordable market rental in 2018 for households making $30K to $50K
https://www.cbc.ca/news/canada/british-columbia/vancouver-council-reforms-1.5081363

Guest

bullwhip29

Share On Twitter Share On Google

Even as the B.C. government reviews a pair of reports on money laundering, court documents obtained by CBC reveal an investigation into a Richmond man allegedly linked to thousands of dollars worth of suspicious casino transactions. According to information sworn to obtain a search warrant, the Richmond RCMP’s organized crime unit arrested the man for money laundering during a traffic stop last month.
https://www.cbc.ca/news/canada/british-columbia/money-laundering-casino-rcmp-1.5081509

Member

Best place on meth

Share On Twitter Share On Google

“By some estimates, as much as $2 billion in dirty money flowed through B.C. casinos before the government cracked down on the problem.”

It’s a sickening thought, and some folks might black out if they try to ponder this, but what if Krusty were still premiere?

Guest

YVR

Share On Twitter Share On Google

The NDP are forecasting casino revenue to increase in the next 3 years over what it was under “Krusty”. So if we ponder it then we would see less money flowing if Krusty was still in power.