Vancouver RE ‘Jumps The Shark’ – Candidate Moments

To ‘Jump the Shark’ – Definition: ‘the moment in the evolution of a phenomenon where it moves beyond the essential qualities that initially defined its success, and begins a decline in quality that is beyond recovery.’

Has the Vancouver RE market ‘jumped the shark’? Only in retrospect will we be able to identify an exact defining moment, but, in the meantime, we here suggest prospective candidates. We’ll update as necessary, and link via a sidebar graphic. Please post any suggestions/’votes’/nominees in the comment section. The envelope, please…

1. VANHATTAN
BC Homes Magazine runs a front cover asking “Are sky-high real estate prices turning Vancouver into the next New York City?” [August 2011]

2. Cam Good Helicopter Tour Of White Rock
Local condo salesman takes Global TV crew and local realtors with mainland China marketing connections on a much-publicized RE promotional helicopter flight over White Rock. [Feb 2011]

3. Vancouver RE Mention In U.S. Republican Candidates Debate
“Why is it Vancouver is the fastest-growing real estate market in the world today? They allow immigrants in legally, and it lifts all boats.” [7 Sept 2011]

4. This House On The Market For $3.18M
Sold 15 Feb 2011 $2,830,000 back on the market August 2011 with an ask price of $3,180,000 [August 2011]

5. Craigslist Offer To “Be Your Dinosaur” In Exchange For A Home
“This is the only way you will ever have your pet dinosaur, and the only way I will ever be able to acquire a house in Vancouver.” [Aug 2011]

6. Gangsters Move To The US To Avoid Vancouver RE Costs
“RCMP report suggests the dramatic plunge in U.S. house prices has caused some gangsters to re-evaluate whether B.C. is really the best place to do business.” [Aug 2011]

7. Only One UBC Employee Can Afford To Own A Westside Home.
Poster UnagiDon, using public info regarding incomes, and bank mortgage guidelines. [July 2011]

8. Moderator Of ‘Vancouver RE Bubble?’ Debate Wears ‘No Bubble’ Button
David Podmore, CEO of Concert Properties Ltd., wears ‘No Bubble’ button to RE industry insider debate he moderated at the Vancouver Board of Trade regarding “whether or not Vancouver real estate is in the midst of a bubble”. The panel, unanimously, agreed: ‘No Bubble’.[Oct 2011]

9. ‘Affordable Housing Plan’ Results In Apartments The Size Of Two Parking Spaces For $850 Rent Per Month
[19 Dec 2011]

10. Basement Suite In East Vancouver Sells For $590K
[24 Feb 2012]

11. Laneway House, 500sqft, For $270K, Not Including Land Cost
[29 May 2012]

12. Trump Brand Coming To Vancouver
A high-rise hotel and condo project on Vancouver’s West Georgia Street is being rebranded as the city’s first Trump tower. [17 Feb 2013]
trump tower vancouver +

21 responses to “Vancouver RE ‘Jumps The Shark’ – Candidate Moments

  1. 4 doesn’t strike me as a “Jump the Shark” moment. It strikes me as “business as usual”.

  2. has the Vancouver RE market “jumped the shark”? Or has VREAA jumped the ledge?

  3. Lots of good candidates vreaa – #1 is my personal fave. Puhleez.

  4. Love the Fonz pic. I also say number 1.

    not so much the Republican debate – I think Huntsman was just trying to say: “let’s not be a bunch of xenophobes” in response to the recent anti-immigration state laws (AZ, Georgia, Alabama) and wasn’t trying to advocate insane housing prices.

  5. The “pet Dinosaur” is definitely the biggest shark jump…although IMHO with the price of Vancouver real estate not only should she dress up in any costume the house giver wants including dinosaur, she’ll have to perform appropriate dinosaur duties.

    • I believe her original offer specifically excluded anything involving ‘DinoDuties’. Then again, sometimes Dinosaurs PlayCoy. 😉

    • Given the amount of cosplay in Vancouver, I’m going out on a limb and stating that there’s a good chance that this person dresses as Yoshi on a regular basis anyways.

      At least she didn’t offer to dress up as a steampunk fascist. That would just be nothing but uncomfortable conversation around the dinner table, though I’m sure the dinner would always be served on time.

  6. Vanhattan is my pick for the biggest shark jump. NYC has things like Broadway, the UN, Wall Street, Tribeca, Every Major Publishing House, etc…. and first or second homes for many of the world’s cultural, political, and financial elites.
    Whereas we have mining, mountains, and ocean. The last two we share with vast stretches of the Pacific Northwest…

  7. Well at least the dino-chick isn’t fugly and somewhat cute. However for me to hand over a $1M house in Vancouver for just 1 year of service? She better be hotter than the 10 hottest models/movie stars combined and perform dino duties better than all of them, except she wouldn’t. Never mind….

  8. Vancouver real estate jumped the shark?
    Not according to these sales. Someone forgot to tell the sellers to start discounting

    905 23RD AVE E MLS® V908323 $1,089,000
    standard size lot, 1913 house.
    Sold for $1,250,000 on 13-Sept

    6591 VIVIAN ST MLS® V909273 $999,000
    50×120 lot, old timer (tear down)
    Sold for $1,148,000 on 13-Sept

    4536 QUEBEC ST MLS® V908045 $1,389,000
    59×121 lot, 1910 house
    Sold for $1,640,400 on 9-Sept

    2670 ADANAC ST MLS® V908030 $889,000
    33×110 lot, 1929 house
    Sold for $957,000 on 13-Sept

    2723 5TH AVE W MLS® V907746 $1,089,000
    33×120 lot, old timer (tear down)
    Sold for $1,350,000 on 11-Sept

    5737 PRINCE EDWARD ST MLS® V906737 $998,000
    33×124 lot, 1910 house
    Sold for $990,000 on 4-Sept

    2468 WILLIAM ST
    MLS® V908481
    $799,000
    33×108 lot
    2180sqft home built 1991
    sold above asking on 12-Sept for $888K (anyone want to bet against an asian buyer?)

    2623 DUNDAS ST
    MLS® V907695
    $759,900
    33×122 lot
    1873sqft old timer
    sold above asking on 7-Sept for 770K

    1295 28TH AVE E
    MLS® V909023
    $729,900
    33×144 lot
    1020sqft old timer
    sold above asking on 13-Sept for 750K

    • Thanks for your input, eyesthebye. What’s your excuse for monitoring these properties? Not enjoying your piece of crap house on a trucking route anymore? Hahah.

    • Really smart money paying 20% above list! Obviously a market trading on solid fundamentals! Keep buying suckers!

  9. How about the “Gateway” as a “jumped the shark” moment?

  10. That Cam Good photo with the helicopter… is that really George Costanza?

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