Tag Archives: olympic village

OV condo unit sale gets big price drop

“If they got in early, they got burnt” says the selling agent about the Olympic Village condo development.

The Globe and Mail features this deal where a unit was purchased new for $1,565-million + HST in 2010 and recently sold for somewhat less.

He says prices dropped in 2013, when the city took over sales. At that time, he sold a 1,200-square-foot unit, with a water view, in the same building for $860,000. “That’s more like a Burnaby price,” Mr. Yan says.

Last December, he advised a client to purchase this unit, and she jumped on it. She’d been looking for three months in Richmond and Yaletown as well.

“I said to her, ‘If you had talked to me a year earlier, I would have got you an even better deal [in the building],’” Mr. Yan says.

Read the full article here.

FFFA! Income, Losses, Investment

Its the end of another beautiful week and a long weekend to boot!

And that means it’s time for our regular Friday Free-for-all post, this is our end of the week news round up and open topic discussion thread for the weekend.

Here’s a few recent links to kick off the chat!

19.8% Avg loss at Olympic Village 2011-2014
Retirement savings at risk?
Oliver sees no bubble
CMHC brings risk to taxpayers
BC buyers seek investments
Canadian RE among most overvalued
$1000 house

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

FFFA! Condo Hell.

Ladies. Gentlemen. Does anyone have a timepiece on them?

What time is it?

Oh, yes. I see. It’s Friday Free-for-all time!

So lets waste no more time and hop right into it.  This is what we do at the end of every week, our traditional link round up and open topic discussion thread for the weekend.

Let’s go!

Hell is life in a Condo
$91M saves $1.1B Boondoggle
Mo money, mo problems
$1M mouse infested house
Sad you can’t buy?
25% regret buying a house

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