August sales figures are out along with all the news articles.

I am actually pretty suprised to see sales didn't drop more. What's more interesting is this article.

Vancouver searches plunge on Chinese real estate site

Check this out.

Looks like Vancouver realtors are targeting Saanich now.
That 15% foreign tax in the Vancouver will only push investors outside of City of Vancouver.

Saanich home draws attention from Vancouver realtors | CHEK

https://cfvod.kaltura.com/p/1752871/...540/height/340

plunge! plummet! crash!

i feel the media should be more selective of its adjectives. makes it sound like we're on the brink of a firesale.

That was from over a week ago and that house is still unsold ... And with an MLS listing ID of 368210, it's likely been for sale for a few years now.

It's currently listed with RE/MAX and last year it was listed with Sotheby's. No sales history on BCAssessment.

This happens because you loud kids keep poking the new immigrants

5,000 jobs gone in four months, says Vancouver Home Builders' Association - British Columbia - CBC News


it's counter productive and hurt the very foundation of everything when you rev kids on Fentanyl keep being a pain "WHY YOU NO ENGLISH, GET OUT OF MY COUNTRY"
do you want Vancouver to look like Gastown from decades ago? fucking retards

Fail button is back for full retard here

Where can I check the estimated completion date of a condo? Specifically the Wall Centre Central Park on kingsway x bounday?

Right, because the fact we're moving into the fall and winter has nothing to do with the fact that traditionally a number of layoffs happen anyways.... The media is just awful

Says in the article will be a temporary thing just like in the past. But a but they are right a large number of layoffs / workshortage will affect other industries as well

i ever you guys are interested to get you own home i know a site where i actually bought mine. they actually help me big time. they won't leave you hanging as well. try it here

LINK REMOVED

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LINK REMOVED

:facepalm:

Well this page went full retard...

:inout:

lol fucking classic Garth Turner in response to the SFH price drop due to foreign buyers tax:

Two charts ? Greater Fool ? Authored by Garth Turner ? The Troubled Future of Real Estate

Has preached for years that foreign buyers were not the source of the bubble, sure he admits it might be 'IN LARGE PART':

But then quickly backtracks to his usual spiel of blaming dumb locals because they THOUGHT the foreign buyers were causing the high values. As usual, with no evidence besides his own rhetoric:

Then he shows this chart... lol @ the ominous red dotted down arrow and the big red question mark: http://www.greaterfool.ca/wp-content...4-modified.png

Which he compares to the US housing crash of 2008... omg the curves look similar, the bubble has burst, Garth was right all along!!! http://www.greaterfool.ca/wp-content...6/09/CASE3.jpg

Edit: appears Garth disabled hotlinking to his images. Perhaps he doesn't like it when his idiocy is criticized on the interwebs.

^

Your pics aren't coming up.
http://www.dfwstangs.net/coppermine/...%20red%20x.jpg



I was only gone a week, and it all went to hell.

The realtors are getting hungry. My FB feed is full of realtor friends looking for new business. It was only a matter of time before they found our little thread here and began to infiltrate.

FailFish

I'm hoping that the market is about to do this.
https://i.ytimg.com/vi/zqV878Ouxm4/maxresdefault.jpg

However, with boy wonder Monsieur Trudeau kissing chinese ass all last week, they could just be taking their money to another city with weak leadership.

Like Calgary.

Why more Chinese investors are buying Calgary real estate | Globalnews.ca



I would love to see these folks try to survive in Calgary during the winter..... only to be met with the dirtbag Stampeders once the snow melts.

https://static01.nyt.com/images/2016...-master768.jpg


:fuckyea:

Edited as links, he disabled hotlinking to his images.

Trudeau wants to help create affordable housing yet is going out of his way to setup "fast tracked" visa stations in China to make it easier to come here and visit? Right..

Went away last week got back last night

Since I've gotten back two houses I've been watching in east Van have sold, both above asking (albeit 50 and 100k respectively)

The "Ruth and David" group who specialize in east Van just listed 7 new properties as of today, and hinting the market is picking right back up.

Also had this email forwarded to me from the urban development institute (UDI):

If September picks up, or even carries on existing prices

Ain't shit changed, cept the number after the dot on the range!

^ thanked for the biggie line.

Lots of trolling over the past couple of pages, but let's bring this discussion back on topic.

What are some underrated pockets of Metro Vancouver? If I were buying today, I would be looking hard at Sapperton in New West or Moody Centre in Port Moody. These areas have Sky train access, an industrial feel, and haven't been ruined by the foreign money...yet.

I noticed that too

I can't bring myself to like New West, maybe it's cause I drove by there to get to work and traffic always blows, but I'd take Port Moody any day of the week.

It's not like they are living there?

Here's a snap of the actual data (your email was derived from this data, originally sent from the VREB). You may have to crank your head around but you'll see sales are down a huge amount from last month (obviously a small snapshot of data), and indeed down a fair amount from this time last year. If I had a little more time it would be interesting to compare 2015 July data to 2016.

As for new listings happening in east van... Isn't that considered supply?


Also interesting to see te split of where the changes are actually happening. Van west/east, richmond and Burnaby have very large drops. Where as west van has little change. Areas outside of the "tax zone" have smaller changes as well.