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Old Posted Sep 28, 2020, 4:10 PM
rofina rofina is offline
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Quote:
Originally Posted by whatnext View Post
Vancouver sales dropping like a stone following July-August bump:

Vancouver real estate: early September numbers show steep drop in sales from August highs
by Carlito Pablo on September 25th, 2020 at 12:03 PM

Home sales in the city of Vancouver are dropping big time.

This is based on tracking by real-estate site fisherly.com as of late morning Friday (September 25).

Compared to record highs in August, early numbers for September show a steep decline in transactions.

In August, a total of 490 condo units sold in Vancouver.

As of this posting September 25, fisherly.com recorded 202 condo sales so far this month.

Last month, 212 detached homes changed owners. September sales so far show 114 freestanding houses sold in the city.

As for townhouses, 99 sold in August. As of September 25, only 49 townhouses have been purchased....


https://www.straight.com/news/vancou...m-august-highs
Makes sense - "Srping" market was late Summer. Now were into "summer" market in the fall, on top of actual fall, so I do expect it to slow.

Rates are still under 2%, I expect the strength to continue into next year. If Trump wins reelection, I'll be loading up on debt as much as I possibly can.

I think the economic stimulus coming after his win will be unreal, and the spending will match in Canada, as it has to due to currency issues.
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