Vancouver Real Estate Market Slowing
 

:ahwow:

450k for a 2 bedroom is still too expensive.

Is this a sign that our economy's preformance is decreasing or is the housing market just leveling off from a spike in demand?

economy sucks.

Saw that the other day. Here in Victoria I am seeing a lot more for sales signs. Properties are sitting on the market a lot longer.

The move to 25 year amortization was completely unnecessary as the market is already correcting itself.

maybe ill finally be able to afford a piece of real estate.

stumbled upon this site from a friend for a comparison of housing here vs rest of the world:

Absurd Vancouver Property of the Week (June 7, 2012) « the thirties grind

Time to buy a place in Burnaby to rent when its built in 2015 :troll:

i mean its slowing but i don't think its going to drop significantly over a long term time period. it probably will spike down over short term due to the way the market fluctuates but i believe that it'll still keep increasing in 5-10 years, just because the real estate market has historically been rising in price over the last 25 years or so

Well, I don't think it can go 'up' anymore...so it either stays the same, or goes down.

Mountain views only sell so much real estate before someone needs a bit more to Vancouver.

slowing as in from extremely overpriced to very overpriced?

meh

seriously mods can there be an "official real estate thread"?

mainlanders have had their fill?

"with our geography, hte mountains and the oceans, that's not about to change"

another FUCKING RETARDED comment by global, these chumps should not be allowed to write 'news' articles

fundamentals drive real estate, long term - a pretty place is just that, a pretty place, no real economy = no sustained increase in RE prices

i could go on, but i won't waste my time - buy now if you're a fucktard, a LOOONG way to go down, and there's nothing wrong with renting that $600K apartment for $1800 a month and invest intelligently elsewhere to end up WAY ahead of the game

ban foreign buyers and watch the market crash

And watch people lose there life savings.

our global economy is still not so great but is recovering. There is a large supplies in apartments meeting our demand, thus price is slowly dropping. ( if you circle around vancouver and burnaby there are lots of apartments undergoing constructions. =)

time to learn from Singapore, they have land policy "Singapore land for only Singaporean", no citizenship, can't buy fuck.

Now, why would the government do that? A lot of us are forgetting that the gov is earning a good chunk of change from taxes (property taxes, transfer taxes, HST on new homes, etc) and many of that is based on the house's appraised or market value

So much entitlement in this thread. The government didn't plan for all of you to work $40K jobs. Do something about your situation - Can't afford it? Learn things. Work smarter. Do something about it.

Am I the only one who thinks a house should not be your "life savings"?

So why does most the population live in cramped government owned apartments while foreigners live in large apartments and houses?

maybe not there whole life savings but a good chunk of it. you really want to be like the US?

I agree

Prime real-estate in West side Vancouver is still high; properties with view in Mackenzie Heights / Point Grey still go significantly over assessment value / multiple offers

The most ignorant comment posted in this thread yet

Thansk sunshine, I earn way more than that (well more than double) and i rent, b/c as was mentioned a house shouldnt be ur only or main asset, I own properties elsewhere as part of my investment portfolio.

This has nothing to do with income, other than income drives house prices, which are way above what Vancouver incomes, on average, can bear

See the use of average income... That's what's important here