According to the CBC ‘it’s taken a NASA spacecraft 6½ years to travel 4.9 billion miles to Mercury, the sun’s closest neighbour, where it now orbits.
In contrast, it has only taken about 10 weeks for a wobble to appear in the Vancouver market in what may be the beginning of a decaying orbit around high prices and record sales volume.
Double Hot No Foam
The Hubble telescope was not needed. The coffees brought to the table by these Realtors® at this meeting, came without milky ways of foam sprinkled with star dust chocolate.
As if signalling an apparent unwillingness to linger in extended orbit, the heat of the no foam coffees fired each in unison as they delivered their views of Vancouver’s market.
The caffeinated opinions – scribbles on a napkin, are transcribed here –
- March 18th’s end of the 35 year amortization may have a greater affect than previously thought
- Sales have slowed!
- Early outlook, expect March numbers to retrench
- Happened fast prompting the question – was the spring market over before spring arrived?
- buyers are indecisive
- interest rates are not an issue
- listing inventory is becoming a factor in slowing the market
- seeing solid buys on condo’s as some sellers are getting anxious
- some ‘sleeper’ neighbourhoods such as Brentwood about to take off
- proposed towers along Kingsway/Broadway corridors upsetting Mount Pleasant locals prompting future moves