Category Archives: Open Topic

Friday Free-for-all!

It’s that time of the week again, let’s do our regular end of the week news roundup and open topic discussion thread!  Here are a few recent links to kick off the chat:

Van prices fall for 5th month
Bubble popping changes?
CMHC now handled by OSFI
RBC: Van Vulnerable to correction
Vancouver Price Drop Champs
Vancouver Inventory Chart
Lending change will cause…?
BC Population growth stats
Mark Carney still fretting
Van top 4th hated city?
More than 1 mil US underwater
Former bears call US bottom
Chinas impending crash

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!

GVREB Press Release request for data and anecdotes

GVREB has been issuing month-end press releases in the style of the REBGV using entirely factual data and anecdotes, but without the same spin.  You’ll find last months press release here.  

As we near the end of the month the GVREB team is looking for information to be included in the press release for April.  Here’s their message:

April is almost over. As the GVREB will release the monthly stats promptly on May 1, we are seeking industry insiders to give factual and unbiased stories of the market.

You will not be named and you don’t have to identify yourself. The release is not intended to be biased but to state the facts. In order for this to continue to be more useful to the public than the biased release from REBGV (they are not to be confused with GVREB) we need to have these stories.

I would prefer these to come directly from people in the industry with real stories. The most important is to say what they see is changing. It is the changes that are interesting.

Preferred industries are:

1.) Mortgage Brokers
2.) Bank Mortgage loan officers / credit risk managers
3.) Real estate agents (your factual and unbiased opinions are helpful).
4.) Builders of single family homes (professional or one-off amateurs)
5.) Condo project mass marketing agents (standard or groupon model acceptable)
6.) Helicopter Pilots (preferred if colour is yellow).

Press release will be completed on Sunday night so please send your stories as soon as possible so they can be vetted for truth.

contact is

gvreb1 – at – gmail – dot – com

Shopping for deals? Vancouver Price Drop.

An Observer has started up a new Vancouver RE blog focused specifically on tracking price drops!

Right now at vancouverpricedrop you’ll find number of asking price drops by area and a ‘top eleven’ list of price drops in the Vancouver and Fraser Valley region.

These drops are all over the map, some have dropped asking price by a million and are still a million over assesment.  There are a couple that seem serious though with new asking prices several hundred thousand dollars under assessed value.

It’s fantastic to see a new addition to the Vancouver bubble blog crowd, especially one that is focused on specific data.  Looking forward to watching this one in the future!

Here’s that link again: