Comments on: Cold Spell in Vancouver

By: yattermatters

yattermatters — Tue, 20 Oct 2009 01:14:21 +0000

Chris,

re: capable -> Don’t be fooled, there is an amazing amount of wealth out there.
Tradition dictates the fall/winter season tends to slow.

By: Chris Taylor

Chris Taylor — Mon, 19 Oct 2009 23:47:59 +0000

There are 59 listings under $1M in Van West.
There are 310 listings under $2M in Van West.
That leaves 256 listings > $2M.

I would expect the number of people capable of affording these prices to eventually dwindle. People with this kind of money tend to be wiser investors. Maybe they are listening to Carney’s strong language that he might intervene and flatten the credit bubble, following what Stevens said in Australia. Oct 20 is D-day.

Time will tell.

Alternatively we’re coming up to the worst time of the year for real estate, and Oct is usually a bust for the stock market, so it could be a seasonable adjustment.

By: yattermatters

yattermatters — Thu, 15 Oct 2009 20:14:30 +0000

Davers,

yup, you would think the West side market went up in Genie smoke. As for September being the last hurrah, only the Genie knows.

By: davers

davers — Thu, 15 Oct 2009 19:59:53 +0000

wow 29 sales in 2 weeks in all of Vancouver West? I thought the lousy weather would hurt the market but this is worse than I expected.

Is it possible that September was the last hurrah for Vancouver real estate?