|
On a side not about RE, I'm still shocked to see some realtors and even mortgage brokers I know spending money like ain't no thing. The RE market slowing but some of these guys are still spending like crazy. It's scary to think how many people out there are living way beyond their means and still can't come to terms with a slowing RE market.
And I've been keeping a close eye on house prices in Vancouver & Burnaby and prices are on the way down. I've noticed a lot more inventory of older homes in the $1.5m range but I reckon you'll see homes in the $1.2m range in Vancouver in a few months. I know a few developers and flippers who are trying to unload but can't find buyers. The worst part is they purchased at the peak so I can't imagine the loses they'll be taking.
|