Wake Up Vancouver!

    Citizens for a Better Vancouver

Foreign buyers all but disappeared from Metro Vancouver real estate market: data

While foreign buyers are the favourite scapegoat for the housing crisis, lower foreign participation in local real estate markets this year has barely budged housing prices in the Real Estate Board of Greater Vancouver’s jurisdiction.

It’s hard not to recall condo marketer Bob Rennie’s advice to Woodward’s buyers a dozen years ago: “Be bold or move to suburbia.”

Regardless of where prices land, there’s a clear yet consistent pullback in sales activity. Total residential sales in Metro Vancouver fell by 25 per cent in the first six months of this year compared with sales during the same period a year earlier.

Should B.C. follow New Zealand’s foreign buyer ban?

Total ignorance on part of cyclist with chip on his shoulder