Quote:
Originally Posted by Hondaracer
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!
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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.