Quote:
Originally Posted by Sw0op
its sizzling out there..
saw 2 properties in the past 2 weeks
condo:
sold in 1 day..multiple offers...above ask 20% above assessed
house in east van:
sold within days..didnt make it to open house..multiple offers..10% above listing and almost 30% above assessed
hellooo stupidness
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Yup, looking at sales today a few condos sold way over ask and only listed for a few days.
So many moving variables so it's impossible to gauge if the market will continue to go up or if a steep decline is incoming due to layoffs and businesses closing up.
Edit:
I was speaking with friend who's an investor. He's thinking we're going to see the RE market explode once the virus dies down. He reckons low rates and stimulus money into our economy will ignite our RE market which was already picking up before the pandemic hit. Hold on, It's going to be a wild ride boys.