Tag Archives: rennie

Open Topic

Friday Free-for-all!

168
168 Comments

It’s the end of another work week and that means it’s time for our regular end of the week news round-up and open topic discussion thread. Here are a few recent links to kick off the chat:

–‘House of cards’will implode
–Inventory squeeks back to record level
–May sales to list so far is 41%
–CEO welcomes Vancouver price drop
–Are Canadians ready for higher rates?
–Condos need depreciation reports
–Rennie wants to see numbers
–20% drop in Toronto condo sales
–Canadian Mortgage Market Primer
–No US style 30 year mortgage
–Money contracts in China
–How to format a link on VCI
–

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

Open Topic

Friday Free-for-all!

86
86 Comments

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!

opinion, presales, prices

Sold Out!

67
67 Comments

Hey! A opening day presales condo in Vancouver SOLD OUT!

Marine Gateway, and the 415 pre-sale units that sold, is big news because at a time when listings are soaring and sales have been falling off a cliff, the pre-sales at this development have bucked the negative trend.
In fact it has completely turned that trend on it’s head.
Hmmm.

Let’s put that into perspective.

A sell-out of pre-sale condo unit offerings hasn’t happened in Vancouver in over six years.  As Global TV noted in this story, you have to go back to the Woodward’s presale in 2006 – before the collapse of the world financial markets – to match an opening day pre-sale sellout of a condo development.

Either the market is on the upswing again or Rennie is back with his marketing magic…  Although he does seem to have lost the ‘be bold or move to the suburbs’ thing.

Check out Whispers from the Edge of the Rainforest for an examination of this sell-out.