https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/ Canada’s Fastest Growing Real Estate News Source Sun, 03 Sep 2017 19:54:28 +0000 hourly 1 https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5518 Sun, 03 Sep 2017 19:54:28 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5518 Anything over 1.5 million is just sitting, and there are only crickets at the open houses. With Canada’s GDP numbers so strong expect interest rates to rise 4 – 5 times in the next year. The age of free money is over. Then there are the new OSFI rules for mortgages, severe restrictions on Chinese money and the huge levels of debt Canadian’s are carrying. The party is over.

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5457 Thu, 31 Aug 2017 16:28:58 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5457 Came back from vancouver. Houses still selling well above asking price within a few days. Mainly cash Chinese buyers.

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5442 Thu, 31 Aug 2017 03:35:47 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5442 My Chinese colleagues are saying prices can go even further, it is still cheap compared to other big cities. But I don’t believe fairy tale stories. Supply/demand law is applicable not only to properties but also the family/single incomes. As prices have gone up many people would not be able to afford to buy a property simply because salaries are not indexed with the current market conditions. BC is totally f* up.

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5441 Thu, 31 Aug 2017 03:28:19 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5441 Met a Chinese girl recently and we spoke about the market. She told me that it is getting expensive even for normal Chinese people. This was a red signal for me telling me not to rush into buying a property and wait for the market correction. Sales listings dropped, sales dropped too, people are getting cautious and take the wait and see stance. Something big is looming that will scare the hell out of here, people will panic big time losing the big money they could have cashed out easily last and this year.

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5440 Thu, 31 Aug 2017 03:19:24 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5440 Reale estate crash is coming, a reason central bank to be in a hurry with the interest rate. Everybody will be thinking the prices will continue going up when suddenly in a matter of week-two the biggest ever correction will start. The clock is ticking tic-tac. Save your money and be prepared to buy then.

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5427 Wed, 30 Aug 2017 08:03:49 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5427 It will crash and burn, just a matter of time. Relators feeding on the flesh of hard working Canadians has to stop.

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5419 Wed, 30 Aug 2017 02:02:13 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5419 […] The detail is here. […]

]]> https://betterdwelling.com/city/vancouver/vancouver-real-estate-sees-the-highest-drop-of-new-listings-in-canada/#comment-5414 Tue, 29 Aug 2017 17:12:47 +0000 https://betterdwelling.com/?post_type=bd_property&p=7026#comment-5414 Where is the mention of Vancouver house prices booming and accelerating upwards? Because that is what is going on.

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