Let’s hope that we are entering a period where “smart, mobile young people” will no longer be chased away by Vancouver RE prices. -vreaa
CoB at greaterfool.ca 20 Apr 2010 8:49 pm -
“Today is the day my spirit has officially been broken. I had been keeping an eye on a condo in our building that was grossly overpriced (even for Vansanity’s prices). On Sunday it went off MLS after being on the market for 2-3 months. I was sure it would be relisted at a reduced price soon because the realtor’s sign was still in the front (with ANOTHER sign for ANOTHER overpriced unit). But alas, I came home today to a stupid orange sold sign and my heart broke. This hasn’t ended. When a dual engineer couple cannot afford decent accommodation in a city.. we do what all smart, mobile, young people do… we will relocate.”
Well, it just so happens, we have two, brand new, never been lived in condos in Whalley. Right on the Sky-train line, near Surrey Central City in two, beautiful high-rise buildings and we would like to sell them. You could get in before the high cost of the HST if you move now. If you wait you will be out of luck.
Mike-> If you wait, and if you don’t slash prices now ahead of the inventory avalanche & price collapse, you may be “out of luck”.
[Condos near the periphery will be the first to fall hard, but, eventually all property types will follow.]