Quote:
Originally Posted by !LittleDragon
If you believe Garth and Ross Kay, 46% of Vancouver's listings this year did not sell. While it doesn't jive with what I hear in the media, it does jive with what I see in Vancouver. Homes with a for sale sign for months and months. Often the sign just goes away... don't they usually leave a sold sign up until the new owners move in?
I'm a little skeptical about the number tho, there's no mention where Kay got that stat from.
All the media talks about are sales being up and prices being up. Would be interesting to see if the number of unsolds are up or down month to month. When it comes to local RE, you only seem to get the good news and not the overall market view. Even a simple sold vs listings would suffice.
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i wouldn't believe any of them. media has been proven to be idiots, liars, and fools.
no transparency anywhere - regardless of the price (if avg. price in vancouver was $300K), i'd always be hesitant to buy due to lack of transparency vs. the US (zillow, trulia, etc.) - it would end up as a truly financial transaction (rent vs. buy cost).