Tag Archives: crash

Friday Free-for-all!

Yeah, that’s right. It’s the end of the week and that means it’s time for our regular end of the week news round-up and open topic discussion thread. Here are few recent links to kick off the chat, the first one see’s our very own Vancouver Real Estate Roller Coaster show up on the evening news:

No Bubble in Vancouver (video)
Inventory now under 10 year record
Average house prices for the last year
What housing bubble?
Vancouver drags Canadian real estate
Canadian banks not immune to bubble
Half of Canada to retire with mortgage
CMHC insurance protects the lender
‘Condo king’ says bubble talk just hot air
‘Condo king’ on BC housing commission
Does Canada have ‘Dutch Disease’?
Professional women go it alone
Instant house
Real estate crash in China underway
VCI now on Twitter

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

BMO: Vancouver price drops for next 2 years

A Bank of Montreal report is predicting that Vancouver house prices will continue to fall for the next couple of years:

BMO Senior Economist Sal Guatieri says the price of homes in Vancouver and uncertainty over long-term mortgage rates are creating a buyer’s market.

He also says rich foreign investors who have driven up real-estate prices in Vancouver are now looking at cities that are less expensive.

“The sizzle is coming off the Vancouver housing market,” Guateri says.

Read the full article over at News 1130.

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: vancouverpricedrop.wordpress.com

Friday Free-for-all!

Yeah, that’s right.  It’s Friday and that means it’s time for another news round-up and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

Canada consumer debt up 3.4% in 1 year
It’s all about the resource economy
Another woah day in sales to list
New Inventory Graph: April will see 17k
Or will it be 18k?
Richmond at inventory crash levels
Can you combat off shore ownership?
Foreigners keep NY agents busy
Ain’t no bubble, chill out.
– Japan gives Canada advice on soft landing

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