Olympic Visitor, Foreign Buyer? Part 2: “CBC spoke to a realtor who had four phone calls since the Games started. One party was American, interested in purchasing a property in Vancouver.”

Stories of visitors to the Olympics buying RE in Vancouver. Or not. -vreaa

pricedoutfornow at vancouvercondo.info 21 Feb 2010 11:24 pm“CBC radio reported today that realtors are bored, sitting at home, watching TV during the Olympics. Apparently international visitors are too busy enjoying the games to think of investing in real estate. Who woulda thought??? Though they did point out one realtor who had an amazing FOUR phone calls since the games started. This realtor revealed that one party was American, interested in purchasing a property in Vancouver. I bet the Americans slammed down the phone after hearing the price of condos in our fair city.”

One response to “Olympic Visitor, Foreign Buyer? Part 2: “CBC spoke to a realtor who had four phone calls since the Games started. One party was American, interested in purchasing a property in Vancouver.”

  1. I dont imagine that many people would come here for the games and buy a condo on a whim. If they do visit and really like it here to the point of wanting a vacation home, I would expect them to go home, poke around MLS for a while and see if anything is to their liking and then make another trip to do some shopping. You would have to be a multi millionaire to drop 500K on a condo just because you like the city for a 1 week period.

    Then again there are some rich tourists kicking around the city.

    A friend of mine had tickets to the Canada USA hockey game and was pretty excited to go. They were great seats (Row 6) and it was looking like it was a pretty in demand game. He found similar tickets on the VANOC website that sold for just over $5000 for a pair. Even though he wanted to go he couldn’t justify seeing one game when he could almost get seasons tickets to the canucks if he sold them.

    So he sold them to a couple of guys from Montreal. He couldnt believe someone would pay almost $2000 per ticket to see a hockey game that wouldnt even result in a medal. Then I thought about it for a while and realized that since house prices are far cheaper in Montreal, then they have to be spending the rest of their money on something, maybe this is it.

    So the question is, what would you rather have, overpriced hockey games or an overpriced condo?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s