Tag Archives: trend

Vancouver no longer on planet earth?

The Condo King has emerged from hibernation and seen no shadow: that means two more years of bubble.

“We no longer live in Vancouver. We live on the planet.”

With that remark, renowned Vancouver realtor Bob Rennie attempted to explain the evolution of this city’s exasperating housing market.

He made the comment last week to a conference of the Urban Land Institute, an organization representing realtors and developers who intimately understand what the condo guru was referring to.

Full article in the Vancouver Sun.

Will this be a better week for sellers?

Good monday to you all!

As we head into another week it will be interesting to see if the current dismal sales trend holds.

VHB puts it into perspective:

If we get another week like last week, we will be on pace for sub-2008 September sales. Pause and think about that. In the middle of the biggest financial crisis in 75 years, more houses were sold than now. Wow.

Wow indeed.

So let’s look short term – what do you think?  Will this week reverse the trend that kicked off the month or are we going to see more of the same?