"Our building is one of the best in Kitsilano: concrete, well maintained, no leaks, tennis court, outdoor pool, gym. Units usually sell very quickly but not now."

“I am 58, she is 50, debt free, both working, conservative and diversified investments. Our humble 1 bdrm condo was purchased for 149k in Dec./96 and paid off years ago. Anyway, things are definitely slowing down here. Our building is one of the best in Kitsilano: concrete, well maintained, no leaks, tennis court, outdoor pool, gym. Units usually sell very quickly but not now. A one bedroom has been on the market for a month. Original asking price was 400k, now lowered to 359K and still no takers. Yet, the skyline is full of cranes as new condo buildings continue to be built on a massive scale. Who is going to buy them? In fact, as has been pointed out, prospective buyers (younger people) are up and leaving the city.”
- anecdote relayed by Garth Turner at greaterfool.ca 18 Oct 2011