... Vancouver lawyer Richard Bell, executive vice-chair and founder of Avesdo Inc., told a real estate seminar May 8 that the Vancouver new home market has seen an “incredible run over the past 10 to 15 years.” But, he added, “We all knew it would come to an end and the end is nigh.”
http://vancitycondoguide.com/vancouver- ... -in-april/
"Canada’s Real Estate Sector Faces Difficult Transition"
http://vancitycondoguide.com/canada-rea ... ransition/
"Vancouver Detached Sales Drop 39% In May"
http://vancitycondoguide.com/vancouver- ... sales-may/
"Canada & China to Share Tax Information Starting in September"
http://vancitycondoguide.com/canada-chi ... september/
- VAN detached sales May 2018.JPG (40.8 KiB) Viewed 11986 times
- How NOT to build an economy.JPG (49.14 KiB) Viewed 11986 times
Finally seeing softness in all market sectors. Credit restrictions, and higher rates are starting to have an affect without a doubt on local buyers.
Add to this the global RE downturn - NYC luxury down about 10 points, London down about 10 points, other global cities seeing softness. Seems like global RE commodity markets are turning down in unison.
The question is if they will also turn up in unison and if so, when?
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