Vancouver Real Estate Games
Posted February 9th, 2012 in Real Estate, Sharing the Experience | 
Anxious
Vancouver real estate’s tables were readied in anticipation of their arrival.
UpBeat
Proclaimed was that this Chinese New Year – the Year of the Dragon, would see many overseas players arrive to play their hand in the high stakes game known as Vancouver real estate.
News was upbeat in saying that this Chinese tradition may bring good fortune to locals who frenzied in anticipation that Vancouver’s real estate market might see gaming excitement. Listings flooded in as Vancouver home sellers readied themselves hoping to win the jackpot once more.
Flip Side
According to Wong Li, a prominent Chinese astrologer. “People born in the Year of the Dragon are said to be, to have strong personalities, and be ambitious, and self-assured. On the flip side they can be strong-headed and egotistical.”
Current sentiment amongst some Vancouver Realtors® is that those few who came to play were in possession of Li’s ‘flip side’. Those Realtors® have suggested that ‘strong-headedness’ may have dictated that our guests would not play the high priced stakes of Vancouver real estate deciding instead, to leave Vancouver’s real estate’s gaming table empty.
come back Hot Asian Money! we miss you!
Larry, you’ve just disappointed Reggie…
Is this what it’s come to?
Local Realtors and Homeowners greedily whoring themselves to the highest bidder?
And now in desperation, flogging CNY in a lame attempt to entice buyers? With no concern that communities are full of absentee owners?
Seems like even many foreigners are wising up to the fact that there are better investment options elsewhere.
Problem is, hot money that flows in tends to flow out quickly as well, once there is a catalyst. And something always happens.
^^
Sorry Larry, not referring to you in the above post. Realtors who value data and transparency, along with useful insight will always be wanted.
@nero
Whew!
this was posted on my facebook page by
Randy Book .
“I don’t agree that Vancouver real estate prices will be flat for next 2 years. Disinvestment from China is going to happen for 3-4 years says the professor of economics at Peking University. West Coast Real Estate is a safe place to buy and hence the trickle out effect! Economists can be wrong and still have a job!”
Larry is there a website that can show me what the last selling price was on a property that just listed? It last sold about 4 or 5 years ago
thanks!
Larry,
Thanks for continuing to post the stats. Your effort is much appreciated!
Heres some good news for Reggie.
2725 w 30 ave. Listed for 2.9 shmil
Sold for $3.7
Congrats
Vangrl
send me the address via email thanks
@bubbles
have you come over to the dark side and are now ‘pumping’ RE.
I believe that the offshore buyer has recently been offered a lesson in the cyclical nature of real estate courtesy of their Central Government – irrespective of the Dragon etc.
@re-diculous
There may be fire in your words. Watch for tomorrow’s post to see how right you are.
Larry,
There are crazy people in every market. Everyone including you, know now is a risky time for RE. We will definetly know after the spring where we are heading.
Damn, west side is flooded. Lots of new and resale condos for sale.
@bubbles
Risk is a relative term that is dependent on timing.
[...] Realtor® this new wave of Chinese buyers has not materialized. In a recent post on his blog “yattermatters” he wrote: “Proclaimed was that this Chinese New Year – the Year of the Dragon, would see [...]
[...] Realtor® this new wave of Chinese buyers has not materialized. In a recent post on his blog “yattermatters” he wrote: “Proclaimed was that this Chinese New Year – the Year of the Dragon, would see [...]