A few points from this North Van exchange: Houses are still selling. Perhaps the higher end has slowed more than the rest. Move-uppers are leveraging gains from earlier PR purchases into larger RE holdings. Some individuals are carrying two properties in extended ‘bridging’ situations (we know of some such examples ourselves). -vreaa
rofina at RE Talks 17 Aug 2010 9:41pm – “Most of my childhood neighbourhood has sold off to new families. Houses seem to be moving fast, Upper Lonsdale area of North Van. Houses priced in the mid 800′s are moving quick, of the 3 new neighbours that my parents met, all are move up buyers having purchased their first properties in early 2000′s.”
fishguy15 at RE Talks 18 Aug 2010 5:48pm – “You must be from my ‘hood. One new neighbour of mine who just moved in after a month of possession is still waiting to sell their townhouse. It’s the houses in the $2m range (in the same neighbourhood) that are not selling at all.”
