Tag Archives: sold out

Open Topic

Friday Free-for-all!

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204 Comments

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

–Vancouver housing slows to crawl
–Telus Garden sold out?
–Maybe not so sold out. 
–Inventory growth slows (chart)
–Metro van sees sharp sales drop
–REBGV Press Release (PDF)
–Agent grumpy about bubble talk
–Housing bubble sentiment chart
–1980’s all over again?
–Senators grumpy with Carney
–Housing market pumps GDP
–Australia down 10%
–China’s ‘epic’ property bubble

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!

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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.