Real Estate Talks

This is quite a headline, credit to Steve @ VanCity Condo Guide.

• http://vancitycondoguide.com/vancouver- ... low-march/

Thoughts? Are the various measures aimed at the upper end starting to filter through the system? Perhaps even working too well?

It's working like it should. Well done Vancouver and Victoria.

How about Toronto?

http://www.trebhome.com/market_news/hou ... /index.htm

As affordability falls to the worst level since 1989, sales to new listings is just 50%. Can't be long before we see some real price declines.

Temporary blip... market is just taking a breather... remember this is the best place on earth... no more land... etc etc

Meanwhile...

"Bidding Wars Still Prevalent in Vancouver Condo Market

... Luckily for condo buyers, relief is on the way. Completions of new construction condos are ramping up. The twelve month rolling average of unit completions hit a record high in February of 23,623 units. Purchasers of these units, who are rarely end users, will be testing the re sale or rental market as they complete. This should provide some much needed relief to buyers and renters alike..."


http://vancitycondoguide.com/bidding-wa ... do-market/

More demand for detached. Then, more supply...

"Vancouver plan to mass rezone 67,000 single-family lots for duplexes up for public hearing"

https://www.straight.com/news/1120651/v ... ic-hearing

"August Sees Fewest Vancouver Detached Home Sales in 27 Years


….For illustrative purposes, here’s the 3 month rolling average, which shows detached prices in Vancouver peaked in April 2016 and have since declined 18%"

http://vancitycondoguide.com/august-few ... ome-sales/

Thanks to The City of Vancouver for the 200k gift.