Vancouver's Real Estate Market

[snowball]

I rode the rates up all the way to 7% or whatever the hell it was, I'm sure as hell gonna ride it back down too. Variable ride or die, bros.

[JDMDreams]

I don't think we will get back to 6 7% as there's no way the economy can support it, boc is fucked if they do fucked if they don't again. Cuz at that point unemployment will spike. Considering hbc will fire like 9000 ppl alone. Inflation this time isn't caused by ppl balling out, it's just the tariffs and we still refuse to go full China.

[Harvey Specter]

I can't remember the last time we had this much RE inventory locally, tons of houses for sale and an insane amount of condos, including pre-sales. If the spring market is a bust, I think we'll see some sellers slashing prices even further as we head into fall and winter.

Speaking of condos, one of my investment properties was featured in the Globe & Mail 'Done Deal' section. I had multiple condos in the Brava towers in YT and sold my last investment unit back in 2020, it was a one-bedroom and I sold it for $643,500. It recently sold again for $639,000. It was a great building before social housing moved in and junked out the area.