Vancouver Real Estate Games

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.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

stats don't lie Says:
February 9th, 2012 at 4:11 am

come back Hot Asian Money! we miss you!

Makaya Says:
February 9th, 2012 at 10:48 am

Larry, you’ve just disappointed Reggie…

Nero Says:
February 9th, 2012 at 11:03 am

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.

Nero Says:
February 9th, 2012 at 11:05 am

^^

Sorry Larry, not referring to you in the above post. Realtors who value data and transparency, along with useful insight will always be wanted.

February 9th, 2012 at 11:28 am

@nero

Whew!

February 9th, 2012 at 12:35 pm

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!”

vangrl Says:
February 9th, 2012 at 12:56 pm

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!

SoapSuds Says:
February 9th, 2012 at 1:13 pm

Larry,
Thanks for continuing to post the stats. Your effort is much appreciated!

BubbleBoy Says:
February 9th, 2012 at 2:43 pm

Heres some good news for Reggie.

2725 w 30 ave. Listed for 2.9 shmil
Sold for $3.7

Congrats

February 9th, 2012 at 4:41 pm

Vangrl

send me the address via email thanks

February 9th, 2012 at 4:42 pm

@bubbles

have you come over to the dark side and are now ‘pumping’ RE. :)

Re-diculous Says:
February 9th, 2012 at 5:47 pm

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.

February 9th, 2012 at 5:50 pm

@re-diculous

There may be fire in your words. Watch for tomorrow’s post to see how right you are.

BubbleBoy Says:
February 9th, 2012 at 9:34 pm

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.

February 10th, 2012 at 6:17 am

@bubbles

Risk is a relative term that is dependent on timing.

February 29th, 2012 at 6:15 pm

[…] 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 […]

February 29th, 2012 at 6:26 pm

[…] 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 […]

February 9th, 2014 at 7:12 pm

[…] new wave of Chinese buyers have 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 […]

August 28th, 2014 at 9:14 pm

[…] new wave of Chinese buyers have 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 […]

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