|
My dad bought a condo for about 5% off the list price before the pandemic. This is in Burnaby.
I'm seeing discounts between 3 and 9% for various homes in the Tri-Cities. Getting into double-digit territory in terms of discounts means there's probably something fundamentally wrong with the home.
I personally would welcome a steep discount on my next home. Not because I can't afford buying a home at current prices, but because I'd rather spend my hard earned money on other things, like vacations, diversifying my portfolio, another university degree, or a new diamond for my wife. I personally think it's ridiculous that strata property is coming in over a million dollars in many areas of the Lower Mainland, but that's the market.
|