Vancouver Real Estate Anecdote Archive

When this blog started, back in 2008, the idea was modest: collect anecdotes.

RE Bubbles; Record debt; About 50% overpriced; Collapse inevitable; Return to 2-4x income; Bail-outs essentially impossible… Interview with Joseph Barbuto on ‘The Really Big Show” As we have been saying, for too long…

“…many houses valued in the $3 million-to-$5 million range on Vancouver’s west side, and in West Vancouver, are selling for less than they did more than 10 years ago.” – excerpt from the article by Vaughn Palmer Examples from the article: A mansion in the…

The Bank of Canada just said the quiet part out loud: There is no path to affordability in Canada without home prices coming down.

Sellers’ and buyers’ markets, in RE agent parlance, are defined by inventory:sales ratios.

The following 33 concepts will help you understand what is currently going on in the Vancouver RE market. – vreaa 1.

Awakened by lots of knocking.

“I’m surprised that everyone else is so surprised to hear anyone talk about a housing bubble…” “Housing prices went up 17% in a year where underlying wage growth is stagnant…” “I called the bubble in the US in 2005-2006… I was looking at price to rent rat…

As a mortgage agent, Lorina Serafico, a home-financing adviser with Scotiabank, often gets asked when is a good time to buy a home.

“Two days ago, my mortgage holder (a Credit Union, no less) called and told me that after 22 years, I was no longer an “A-list” borrower, and they would not renew my mortgage.