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Vancouver realtors, developers told ‘the end is nigh’


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2018 May 15, 6:38pm   1,109 views  3 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://www.vancouverisawesome.com/2018/05/10/vancouver-real-estate-end-is-nigh/

High-profile real estate developers, marketing executives and real estate agents are bracing for a sustained downturn in the housing market after sales in April – usually one of the most active months of the year – plunged by double-digits across Metro Vancouver. ...

In the resale sector, April sales of detached houses plunged 34% through the Real Estate Board of Greater Vancouver, compared with a year earlier, while townhouse and condo sales were down 25% and 24% in the same period.

“I have been seeing more and more price reductions in the detached housing market,” said Tina Mak, a top-producing Vancouver agent with Coldwell Banker Wesburn Realty. Mak, known for her eight-figure land assemblies, said investors should not expect a quick return on investment if they had bought recently.

Comments 1 - 3 of 3        Search these comments

1   HowdyThere   2018 May 15, 7:16pm  

It is about time. See VREAA.
2   MisdemeanorRebel   2018 May 15, 7:21pm  

FAP FAP FAP FAP FAP

And it'll be great if NDP gets blamed for it all.
3   steverbeaver   2018 May 16, 12:56am  

(FAPS IN UNISON)

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