Quote:
Originally Posted by Tapioca
Anecdote here: my wife's friend put in an offer on a detached in East Van at 400k below ask. It was rejected and the seller didn't bother with a counter offer. House was renovated, but it's an old timer on a lot that's less than the standard 120 feet. No other offers were made.
This seems to corroborate the data out there: listings are up, but sellers are not lowering their prices.
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400K off of how much? Everything is relative.
But yea sellers are not desperate to sell right now, after seeing what people are willing to pay, they would need to be desperate before you can lowball them. Maybe if youre lucky you might find a seller who has a bridging loan, or bought 2 properties before the new tax came in and now theyre fucked