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Vancover RE market crashing


               
2016 Aug 18, 4:02pm   7,972 views  20 comments

by LarryPatrickMaloney   follow (0)  

http://www.zerohedge.com/news/2016-08-18/vancouver-housing-market-implodes-average-home-price-plunges-20-1-month-market-devas

While August is typically one of the slowest months for real estate transactions, MLS sales data from the first two weeks of the month shows what many have been hoping for during the last few years of escalating prices. According to realtor Brent Eilers, using MLS listing data, there were only three home sales in West Vancouver between Aug. 1 and 14 this year, compared to 52 during the same period last year.

#vancouver

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17   Ceffer   @   2016 Aug 21, 2:03pm  

I remember those days before the perpetual Japanese stock market crash. Japanese banks would give loans to doorposts. Japanese would invest in any LA property at grossly inflated values. Sharpies sold the Japanese all kinds of building, shopping centers, resorts, golf courses etc. at grossly inflated prices. Some of the original sellers bought the same properties back a few years later after the Japanese crash at pennies on the dollar.

19   MMR   @   2016 Aug 21, 3:53pm  

just any guy says

Vancouver, WA

Yeah that's like saying concord is 164/sf

20   anonymous   2016 Aug 22, 7:51pm  

Ouch, that's embarrassing.

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