Vancouver Price Drop

Documenting Vancouver real estate price movements


Let me answer a few questions

1) Will you add any more cities? Probably not although not out of the question. I would encourage others to do the same in their cities
2) Why are you doing this? We need more transparency in real estate – the lack of transparency is definitely a contributing factor to this mess we are in.
3) How long are you going to keep this site up to date? As long as it needs to I suppose. It would be a shame not to have some documentation of this period in vancouver real estate so I’m doing my part.

138 responses to “About

  1. bill April 24, 2012 at 9:45 am

    love this blog……keep up the good work. Any hope of documenting Victoria and its demise??

    • patientlywaiting January 26, 2013 at 12:37 pm

      Very new to real estate and the vancouver market. Whats happening in the 250k-500k one and two bedroom market (the kind they’re building hundreds of on southeast false creek)?

      Thoroughly enjoy the blog, thankyou

    • mjr3080 April 10, 2014 at 6:51 am

      Hi, this is a really informative blog best I have seen for a while. Do you have any info or prem of discount to assessed prices at which houses in West Van go for. Many thanks

  2. gary wong April 26, 2012 at 6:37 pm

    great website.. i love it!!!
    maybe you can do this for Toronto when Toronto prices start dropping… which could be very soon πŸ˜‰

  3. christie April 26, 2012 at 7:03 pm

    Great idea, I’ll be checking back for updates!

  4. MrHulot April 26, 2012 at 7:43 pm

    You are going to be one busy man this year as you document the downward decline in the fortunes of smug Vancouverites.

  5. JY April 27, 2012 at 5:55 am

    awesome site – love the detail and the ideas for analysis. any chance you could do one for toronto?

  6. Habsfan April 27, 2012 at 6:38 pm

    Great site, thanks for your effort.
    Why do people keep asking if you’re going to do other cities? Did they not read your Answer #1 above?

  7. RG April 28, 2012 at 10:11 pm

    Love this blog. I’m already addicted.

  8. arbroathscotland May 5, 2012 at 7:57 am

    This is great. Funny stuff. I’ts about time the RE industry was exposed. Thanks for doing this.

  9. groundhog May 7, 2012 at 12:10 pm

    Just wondering where you get the price listing history? Curious as to MLS #F1204631 in White Rock. I swear I looked at it 2 months ago and it was $1.8M+, it is now $1.2M, would be a 33% drop if I’m right but can’t find a history showing prior listings.

  10. Hanh Huynh May 10, 2012 at 10:43 am

    First, I would like to thank you for taking the time to keep us inform about this. Your website really help to expose the unethical behaviours of both realtors and sellers. It is interesting to witness these behaviours as sales bubble/crash in Vancouver area.
    I would like to add 1 more house to your list: 3329 W 10, listed the 1st week of May 2012 for 1,068,000 and had the open house on the weekend of May 5, 6, 2012. Today, Thur May 10, 2012, it is listed for 1,480,000; the greed that these sellers/realtors demonstrate is just amazing.
    I love to see the day the market in Vancouver crash when these sellers will be begging for buyers.
    Thanks for bringing this listing to the attention of other potential buyers out there. I really appreciate your time. Hanh

    • an observer May 10, 2012 at 10:52 am

      Tomorrow is “Weekly Flop” day and this house is in the list but would you believe that it is only the 3rd highest flip flop of the week at a 39% increase…

      • Andrew June 24, 2012 at 1:23 pm

        I’m curious how it is you find Realtors’ behaviour to be unethical. Yes, I am a Realtor and I am also very ethical. I deal with associates all the time who also display a high level of integrity and ethics in their work. As with any industry, there are those…
        I also question your comment on greed. If here is a buyer out there willing to pay the price, is it greed, or market value?

      • an observer June 24, 2012 at 2:08 pm

        I happen to have a great realtor and have used him twice in the past and am using him now (looking for home in more desirable family friendly area). He has never told me that real estate always goes up and simply wants to do what’s best for his clients interests – even when directly questioning him in the past (many years ago) about real estate he was very hesitant to make any sort of prediction about future performance. Before meeting him I had two realtors that did not last long because it was obvious they were looking for a quick commission and prepared to say whatever they wanted to make it happen.

        Andrew, I think the problem is that quite often it is the realtors who are less ethical that seem to rise to the top especially on extended runs like we have had here, at least that is the perception. There are a lot of good realtors though and my realtor has a client for life.

      • Jean July 9, 2012 at 7:18 pm

        Observer, I’m very grateful for the service you and vreaa and others have done to prevent people like me from buying into the bubble. I’ll wait to buy until the bubble bursts, but you mentioned you have an honest realtor. If you could recommend him to me, I would greatly appreciate it. (I think you can see my e-mail address if you would prefer to e-mail it to me, right?)

      • Gydle January 4, 2013 at 12:39 am

        You mention that you have a great realtor. I don’t suppose you could share contact info over e-mail? We’re moving to Vancouver soon and I don’t want to get hosed. We could buy, but we could also rent and wait this thing out.

      • an observer January 4, 2013 at 3:13 pm

        Sorry but in my effort to remain anonymous I won’t be able to give out that information. You could try calling up a few realtors, let them know what you are looking for and their thoughts on the market. If they answer honestly then they might be a good choice. You should also make sure you look for people who specialize in the area that you are most interested in.

        My personal opinion is that you should rent at least for a few months to get a better feel for the area and see how this housing situation shakes out. At a minimum a 3 month wait should save you a few %.

  11. Jason Vander Zalm May 28, 2012 at 1:07 pm

    Any chance you can share how you’re obtaining this data? Are you a realtor, or is a realtor friend providing access to the mls database? As some of the data you’re referring to (ie assessment value) isn’t available via the public mls website?

  12. Deltav123 May 29, 2012 at 9:00 pm

    I have the same question as groundhog. Where do you pull the stats? I’d be happy to do the same thing for Toronto if I knew where to find this information.

  13. Janet June 3, 2012 at 11:01 am

    I am really enjoying this blog, and have passed it along to several friends. Thanks for all the work you are putting into this.

  14. Mr.T June 11, 2012 at 8:43 am

    Thank you for all your hard work. These are definite signs before the storm. When will it head to Toronto? Cheers!

  15. Peter June 13, 2012 at 11:42 pm

    Where do you access your information from as I would like to track the price reductions of certain homes in kits. Thank you.

    • an observer June 14, 2012 at 12:10 am

      Your best option is to find a realtor, ideally one that focuses on that area, and tell him you are interested. Give him the price range and any other parameters and ask to go on email alerts including price changes and sales. You’ll be able to track things in Kits quite easily after that

  16. Vivian June 22, 2012 at 10:54 am

    Thanks for doing this. I agree our Real Estate needs to be more transparent. Keep It Up!

  17. Todd June 22, 2012 at 7:40 pm

    How about listings of biggest discounts relative to assessed values? There are some big decreases off of inflated values, but it would be interesting to see people discounting from assessments. Just a thought. Love the site.


    • an observer June 22, 2012 at 8:11 pm

      Problem is looking up assessments is a manual process so I’d literally have to check assessment on every listed property yo make that list! Would be great if it was possible πŸ™‚

  18. Zeeta June 25, 2012 at 9:53 pm

    Excellent Work – Truly appreciate the effort involved.

  19. TMW July 2, 2012 at 2:29 pm

    Curious question – Is it possible to find out how much a property has sold for? Would this information be available through an open online source?

  20. TMW July 2, 2012 at 2:43 pm

    Me again, answered my own question – partially – you can get the older sales through the assessment site Anyone know how to get this info for recent sales. Thanks

  21. Julia Tyndal July 3, 2012 at 10:07 am

    Trouble is, some properties are now being listed below assessment (especially on the east side) to create buyer interest. How is that marketing strategy going to play into this data collection?

  22. Justin July 4, 2012 at 12:30 am

    Is there any particular reason you’re keeping yourself anonymous at this point?

  23. Van City July 5, 2012 at 1:06 am

    Is this website a huge time commitment for you? Just wondering because you mentioned you’re using algorithms to update the information

  24. mike July 9, 2012 at 11:08 am

    I am interested in using your research skills for Vancouver westside only. I recently sold my home in that area and will be looking for another property. I can pay $20.00 per hour for your research.


    • an observer July 9, 2012 at 11:18 am

      Hi Mike, if you are looking at buying then your best bet is finding a realtor in the area. You can ask them to set you up with automatic email alerts for price changes, sales, expired listings, new listings etc for your area and price range and you will get them at least a day before they show up on the mls

  25. mike July 9, 2012 at 12:12 pm

    I am already on the lists. But sometimes you need more in-depth analysis to get price changes, comparables, etc. I am targeting a specific area. I also don’t want to be tied into a realtor in case i decide to go to the listing agent directly.

  26. Nerean July 24, 2012 at 11:33 am

    Thank you so much for your time. We go through your website during lunch at the office and discuss your posts all the time

  27. Tony July 26, 2012 at 11:54 am

    Thanks for your info. How about eliminating listings that have high price drops but are still above assessed value? An overblown asking price dropped significantly isn’t useful if the new price is still overblown.

  28. Al July 30, 2012 at 10:57 pm

    Thanks for this kind of info. Great work. I’m new to the RE market and have been searching for and reading good blogs like this one (yours and best ones so far) You said above in this page “I would encourage others to do the same in their cities” and you also mentioned you don’t spend much time per week. I’m a computer programmer… maybe I can… teach us how. You have my email.

  29. World View August 3, 2012 at 10:23 am

    I am planning to start such a blog for Calgary. I would like to know how do you collect so much data? Is it a automated process (spider/scrapper from MLS)? And what is the site HAve you been in trouble for using their data?
    Also,is it illegal to make calculations based on these listings and provide some insights for commercial purposes?

    • an observer August 3, 2012 at 1:20 pm

      Hi, if you are going to scrape any information then make sure that the site you get the information from allows it – most don’t. The best method would be to make friends with a realtor and get information from them, collect it and then build something that can report on it. Once you have the info there is nothing illegal in calculating things off of it. If this were being done for commercial purposes then I would probably expect problems

  30. Joe Tor August 8, 2012 at 8:15 pm

    This site is fantastic. Please do one for Toronto.

  31. Julia August 12, 2012 at 10:50 am

    this data is truly fabulous. However, it really makes you wonder what people were thinking when they thought they could get double the assessed value for their property. Just because? No wonder there is huge adjustments. Wish there was a way to extract the crazy valuations out of the mix and see how selling prices are comparing to assessed values.

  32. KarmaChameleon September 12, 2012 at 1:29 pm

    Excellent work and entertaining reading. I especially enjoy reading about people taking a bath on their failed flips/speculations! Please keep it up!

  33. Stephanie September 17, 2012 at 11:08 am

    Hi there! I work with CBC News Network, and we’re wondering if you would be able to do an interview with us about real estate price drops in Vancouver today (Sept 17). Please give me a call at (xxx) xxx xxxx if you’re available!

  34. smith September 18, 2012 at 12:27 pm

    This site is great. I check in on it once a week. If only you could get more mainstream recognition….
    With data such as this, many would be more open to the concept of catching a falling knife rather than being part of a dead cat bounce (which could happen in the insanity that is Vancouver). Your comments today regarding how conditioned we all are that we think a Van Special for $1million is a steal says it all.

  35. Alex September 20, 2012 at 11:16 am

    Your website is exactly what Vancouver needs. It’s very entertaining and informative. I especially enjoy your tongue-in-cheek comments and your new desperation metrics. How did you get the last purchase price of the houses? I thought only real-estate agents have this privileged information?
    Keep up the fantastic work.

  36. micker07 September 21, 2012 at 10:43 pm

    Love to see a list of properties on the market for very long periods of time without lowering their price.

  37. JimBob September 28, 2012 at 12:00 am

    Excellent work. So insightful. I will continue to follow your blog. Garth Turner has been warning everyone about the coming bubble burst. I went to some open houses and I was the only one. I can see greed on the few dishonest agents. But I met a few honest sales agents.

    Keep up the good work.

  38. Turtle October 5, 2012 at 11:20 am

    Keep up the good work! Thanks for the education and sharing. Blessings to you!

  39. Jason October 6, 2012 at 8:34 am

    Great blog. I just moved to Vancouver from Toronto and really want to buy a place, but certainly not at these prices.
    A few things: Do you think the recent Van council decision to not proceed with the “thin streets” will have an impact on current and future listings?
    In my house search I have been using the BC Assessed site to compare the price of a place I’m interested in, to it’s assessed value. Most new listings are coming on at or below the most recent assessment. This is a good start, however I think the assessed values themselves are too high. Do you know of any way to get the historical assessments (i.e.: going back 5-7 years)?

    Cheers and keep up the great work.

    • an observer October 6, 2012 at 8:55 am

      I don’t know of any way to find old assessments but I imagine if you look at the historical HPI numbers and apply that to the current assessment it should be pretty close.

      Buying a home is a huge decision but given that you can rent for less than half the price of owning in Vancouver and also given the high likelihood that the home will be worth a lot less a year from now I would really urge you to think about holding off.

  40. Montery October 9, 2012 at 8:15 am

    Hi Observer,
    A question on how you are pulling these stats… you’ve mentioned you’re doing it manually. Have you looked at web scrapers to help do this? I’ve been interested in monitoring certain areas of town, but with a fully automated scraper I can’t see why it couldn’t be done for a wider area.

    One tool that I’ve played with has a demo (limited to 100 rows) that pulls together a table very nicely with the realtylink website with zero programming skills. πŸ™‚ It’s called outwit, and it has a plug-in for firefox. There are other tools, but this is the easiest one that actually worked that I’ve been able to try. The paid license is $60USD, and I’m considering purchasing one to help me in my analysis.

    My idea is to do a heat-map of the lower mainland to show where the largest % declines are by neighbourhood. THAT would be awesome and might even make the MSM news!

  41. Alex October 9, 2012 at 1:20 pm

    Hi Observer. I’m starting to look forward to your weekly posts and your witty remarks. The only thing that I would also love to see are the previous purchase prices, but I think you need to be a real estate agent to access the info. Kudos none the less!

  42. Ehan October 13, 2012 at 10:18 am

    Awesome website.I would like to ask you a personal question. Do you have a contact address? Thank you

  43. Damien October 22, 2012 at 4:25 pm

    Well, since June 2012 I’ve been checking your blog weekly. It’s really interesting to see your stats and general info provided by Real Estate Board and real estate agents ( who are usually not very skilled and self-serving “professionals” ). Keep it up !!! – folks need access to info you provide so they can draw some educated conclusions for themselves.

  44. Mike October 31, 2012 at 1:25 am

    Great work! Keep it up!
    I was able to sell my downtown Condo in 2010 during the olympics to a couple from Calgary. Made a modest 7% profit over 3 years of ownership, but that evaporated into paying 2 mortgages for over a year since moving to Vancouver Island. Could you add V.I. to your research list or maybe point me to a source that tracks properties here ? PS. I’m in the Cowichan Valley.
    Prices weren’t as inflated over here, but after talking to a mortgage broker recently, I’m told that over 50% of all sales on the island are now foreclosures.

    • an observer October 31, 2012 at 9:32 am

      Hi, no plans at the moment to include Vancouver Island although there have been a few requests so it isn’t out of the question. I know Vancouver Island is in rough shape but I think that 50% is likely a huge exaggeration – No idea what the real number is but even 5% seems like a pretty high level for any area. If anyone knows please comment

      • shioru October 31, 2012 at 6:47 pm

        I’d like to second the request for VI price drops.. though if you’d like to show me how you collate the data I’d be happy to do it and share with everyone reading this blog πŸ™‚

  45. exx November 10, 2012 at 12:33 am

    This is an awesome resource, big thanks for providing all of this info. I know how time consuming it can be, I did something similar in 08/09 comparing sold vs. assessed values for all areas of the lower mainland. It’s interesting to see how things will compare, below is a brief summary of data I had collected. The % is the difference between the Assessed value and the Sold price.

    August 2008 +5.30%
    October 2008 -0.89%
    December 2008 -8.19%
    February 2009 -11.67%
    March 2009 -12.21%

  46. exx November 10, 2012 at 11:59 pm

    Correct. I also compared asking price vs. sold price for those same properties (below). So in August, properties were selling for ~ 12.5% below asking, by March they were ~ 18.5% below. It was interesting to see that the asking prices weren’t telling the whole story because sellers were just willing to accept increasingly lower offers.

    August 2008 -12.5%
    October 2008 -14.3%
    December 2008 -17.6%
    February 2009 -18.2%
    March 2009 -18.5%

  47. craigcherlet November 19, 2012 at 11:16 am

    How would I go about doing this for Squamish? I live there and would like to get access to the data to see what is really happening here. Where do I get the data you are getting?

  48. greg November 21, 2012 at 2:39 pm

    could you contact me directly. I don’t see contact info on the blog

  49. Corydon November 22, 2012 at 1:40 pm

    Hey, just wanted to say that I love your blog and have passed it on to a lot of friends both who live in Vancouver, and who would *like* to live in Vancouver, but realize that the time to move there is not until reality starts to settle in with sellers.. I’m really hoping that a crash is coming. It will be interesting to see what happens when the interest rates rise up a couple of points.

    Thanks again for all of your hard work.

  50. Damien November 29, 2012 at 5:04 pm

    Hello Observer,
    OK, so I contact an agent and ask him for info on a few properties and history of price drops. What do I get ….just listing info. The agent informed me that RE Board does not allow agents to pass on the searches by price drop to potential buyers. Is that correct or do I need a new agent ?


    • an observer November 29, 2012 at 5:11 pm

      Get a new agent – they should be able to pull up whatever info you need and if they resist something basic like that then they aren’t looking after your best interests

  51. Anymouse December 1, 2012 at 11:53 am

    Thanks for your leadership in illuminating the truth!

  52. lookoutbelow December 5, 2012 at 10:47 pm

    Let me add my kudos.

    I thought I followed Richmond real estate pretty well but you bring another perspective as to what’s happening around the whole area. Thanks for doing the legwork that benefits all potential buyers.

    As you well know, there is nothing in the Greater Vancouver Real Estate Board’s Mission Statement that benefits the Buyers, so your work has the potential for saving Buyers hundreds of thousands of dollars.

    As for licenced Realtors, they really don’t offer much and since their commission is paid for by the Seller, they have little to no incentive to ensure that the Buyer gets the “best price”.

    Finally, someone is on the Buyers’ side! Thanks again for your work, I can see you will have a bigger and bigger following as the blog develops.

  53. M. Ocubes December 8, 2012 at 10:05 am

    Keep doing what you’re doing because it keeps us updated with the housing market’s current trends. I love your ‘red comments’. Some of them are hilarious. Are you going to include more surrey properties soon? A lot of sellers here are still in dreamland or still in the denial stage.

  54. Jason December 21, 2012 at 1:04 pm

    Best blog going! Very very informative and entertaining. Please continue!!!
    After loosing lots of money in real estate in other cities we moved to Vancouver. All you here is that can’t happen here because of (insert something here). Check your history, in Vancouver prices topped in 1913 and crashed. In was the mid 1950’s before they got back to their 1913 prices. 40 years!!!
    Anyway, we are shopping and not buying. I feel there is a lot more correction to come… especially after July 2012 when the mortgage rules changed. One of the rules not really discussed is rental income. You no longer can count any illegal suite income. There is hundreds of thousands of illegal mortgage helpers… less mortgage equals lower offers.

  55. Justin December 21, 2012 at 2:35 pm

    Quick bit of info on 1910 Alma Street. You noted that the house was removed on February 20th 2012 after 108 days on the market. The house was actulaly sold, not de-listed, on February 20th 2012, for $1.2 million – a 33.3% drop from the original $1.8 million list. It has since been put back on the market by the new owners at $1,358,000. The current owners are attempting to realize a $158,000 profit (not accounting for transactional costs) after holding for 9 months.

  56. Peter December 30, 2012 at 4:29 pm

    Great stuff this. Thank you very much for your insight.

  57. S.Mathew January 6, 2013 at 1:27 pm

    Is it possible to get the history of specific properties?

  58. mtpleasant January 9, 2013 at 2:36 pm

    Have you taken a look at 2532 Columbia Street, currently listed as V963376? I’m positive I saw it listed within the last year or two for around 1.8 million; it’s now sitting at 1.075 million. It stayed in my mind as it’s on the heritage roster with a great deal of fine stained glass.

  59. Zaheer January 21, 2013 at 8:39 pm

    I would like to get in contact with the admin of this site to explain math (numbers provided) behind one of the blogs since I am doing research about price drop in Burnaby for 2012. Please contact me via email or posting this thread..Thanks

  60. Zaheer January 22, 2013 at 9:13 pm

    Other people like this sensitive blogger should come forward to expose wrongful practices in the real estate mafia of Vancouver to do the same in their cities. It is really a shameful act not to have some documentation of this period in Vancouver real estate. We need more transparency in real estate and really the lack of transparency is definitely a contributing factor to this mess we are in. Middle Class people are being robbed and very soon when the rate of interest will go up thousands of people could be filing bankruptcies and most of these seasonal real estate frogs will disappear.

  61. Chris January 25, 2013 at 2:12 pm

    Really awesome! Just wondering how you track the price of these properties? Is it publicly available for anyone and for any property listed?

  62. shellster January 27, 2013 at 11:24 am

    Fantastic site, love it!

  63. Angloman March 2, 2013 at 1:26 am

    I would like some history on this property, or any others in this Townhome development:

    • info7987 March 2, 2013 at 8:48 pm

      What type of history are you looking for?
      Sold for $325,000 Oct 1997
      Listed for $379,000 May 2002
      Sold for $383,000 June 2002
      listed for $739,000 2013

  64. colin hoodspith March 6, 2013 at 3:51 pm

    thanks for your hard work. enjoy your postings

  65. Han March 6, 2013 at 4:14 pm

    Want to see how Richmond BC has overinflated since 2010 and then deflated or started to bubble this year 2013: An example of a property in Quilchena, Richmond based on BC assessment values: 2010 = $ 848,000; 2011 = $ 991,000; 2012 = $ 1,299,000; 2013 = $ 1,154,000.

  66. Devore March 21, 2013 at 8:15 am

    Observer, have you thought about doing a special of the top 10 longest listed properties?

  67. Avril March 22, 2013 at 8:47 pm

    We’re disappointed that there are not updates since Mar 13. Anyone know why this is happening?

  68. Pete March 23, 2013 at 10:29 am

    I loved your update of, “MORE LIES”. Nice find on Craigslist. I guess as long as you through big numbers in a posting you might catch a fish that hasn’t researched their potential investment. Honestly, it should be a crime to post incorrect information on MLS.

  69. Craig March 26, 2013 at 6:58 am

    Dear Observer: you recently offered to give us perspectives on individual properties that had recently sold. Any chance you could tell me what the final sale price for V930677 listing was? It was on Bowen Island at $799000 for over a year – would be nice to know what the agreed price was. Many thanks – Craig Sterling

  70. Paul April 6, 2013 at 1:50 pm

    Love this blog. These are just some of the ones you caught, do you have any idea how many ppl raped and pillaged and dumped and screwed over thousands and thousands and thousands of rich retarded Immigrants with their properties in Van. Glad I don’t live there any more. So many ppl in Van who lucked out turned into over night millionaires with the 100s of billions of dollars brought in and purchasers from Asia. I think that is now all over.

  71. Joel April 8, 2013 at 11:40 am

    14058 KING RD is beside the new south fraser perimeter road. Should make that one even more marketable!

  72. World View May 2, 2013 at 3:26 pm

    Hi Observer,
    thank you so much for the wonderful contribution.
    I would also like to know if it is possible to find out the actual price paid by the buyer when a property was last sold. Is this information available online on the web? Is it free?
    Or is it only maintained by the registries offline?

    Thank you so much
    World View

  73. Chris May 3, 2013 at 12:09 pm

    Fantastic stuff and haas become required reading. In full disclosure, I have taken the plunge recently due to family requirements, but at least have done so with eyes wide open. I will continue to revel in this blog and watch the storm blow in and hope I’ve battened down the hatches enough. That said, re. your entry on the perpetual new dawn that is Point Grey real estate: two unit in a horribly dated condo building on my street have been languishing for weeks/months/years; 3720 8th Ave. West has had one unit sitting empty for more than five years (initially listed but never sold (205 – 3720 8th Ave. West); the unit above it, 305, has just been pulled after more than two months on the market and a price drop from 620K to 549 (in <6 weeks) and still no punters (current owners paid 588K); they even staged it (it was empty) and nothing. A neighbouring unit, 304, listed March 25 for 52K and got an accepted offer within two weeks but failed inspection (rainscreen nightmare pending); price was dropped to 498K and no bites; now down to 448K and counting… all great stuff and this in just one building!
    Keep up the good work.

  74. Marlaina May 6, 2013 at 5:21 am

    Wow. This is a lot of work. Thank you. Do you have any interest in keeping an eye on the lower end of the market? Such as the 400 to 500 square feet condo in Vancouver, West Van, North Van and New Westminster.

  75. Dave June 14, 2013 at 12:20 pm

    Hello observer:
    Many thanks on all your hard work.

    Any chance you will update your drop-from-peak chart soon? I’m sure many have been waiting with bated breath to see the last few months!

    Best regards!

    • an observer June 14, 2013 at 1:07 pm

      Yes, will get a new one up hopefully this week

      • Dave June 26, 2013 at 12:33 pm

        … still waiting hopefully … the drop from peak chart is one of the most interesting parts of your website, it’d be a shame not to continue documenting it – especially in these months which had proved so crucial in the American markets. Cheers

  76. dave June 22, 2013 at 12:03 pm

    Any chance u could show off some more affordable homes. anyhone on here cant afford million dollar homes how about showing something more reasonable

  77. James Stokes June 22, 2013 at 3:32 pm

    Hi, I am an avid follower, sold to rent in 2011, West Van, so personally interested in the coming “correction”. I read in the Vancouver Sun today (June 22nd) in West Coast Homes, of a property sold just below asking, and after only 9 days on the market, namely 1113 Millstream Road, West Van. Is it possible for you to work your magic, and see if the realtor is telling “porkies”, and the property had been re-listed, perhaps more than once, and for larger amounts?

  78. James Stokes June 25, 2013 at 11:07 am

    OK, thanks for the info. I cannot remember if the below assessment price was mentioned, it definitely was not emphasised. At least someone is aware enough to not chase the market down.

  79. Adam S. January 2, 2014 at 6:16 pm

    2) Why are you doing this? We need more transparency in real estate – the lack of transparency is definitely a contributing factor to this mess we are in.

    Can you please clarify what is meant by “this mess we are in.”

  80. James Stokes January 28, 2014 at 5:55 am

    Welcome back, you were missed.

  81. Chrisco January 30, 2014 at 9:07 am


    If you are looking for some help gathering data, I’m willing.

    I’d like to learn more about real estate in this town.

    The historical info that informs the current listing details is great…..thanks

  82. Jonathan February 3, 2014 at 11:57 am

    Love the blog. Read it religiously when you post. I especially love the commentary in red. Thanks for this. Much appreciated work.

  83. Mel February 13, 2014 at 6:47 pm

    Thank you for all your research and perceptive comments on listings- You offer a much needed reality check. If you ever consider expanding further north of West Van please know I would be willing to assist in research. I would welcome the opportunity to get a more accurate picture of what is going on in that region as well. Thanks.

  84. Avril February 25, 2014 at 3:05 pm

    I’d be interested in what’s happening in the New West area in the condo market under $250.000

  85. Avril February 25, 2014 at 3:06 pm

    My IP address has changed. How do I enter it in to autofill as at present it won’t accept it?

  86. Kim March 2, 2014 at 6:01 pm

    thank you so much for your blog! it helped me find useful info on a property i’m looking at.

  87. Jim March 11, 2014 at 8:50 am

    Great blog and glad I found it. Is it possible to do reports on completed transactions? It would be interesting to see how much these flippers really losses.

    BTW, Your commentaries are hailarious.

  88. Dee March 27, 2014 at 3:57 pm

    Great blog; however, I am curious as to why there are very few listings in your blog from New Westminster, specifically single detached homes – what is your take on that particular city with regard to real estate? Keep up the great work, and thank you in advance for your reply!

  89. G April 7, 2014 at 12:18 pm

    Great website – very usefull info. Thanks!

  90. Scott April 17, 2014 at 4:41 pm

    I wish what you posted here is a general representation of the entire market. I have been looking to move into a detached house in Burnaby and all of the units in my monthly top 15 list that I would like to buy get snapped very quickly and I have seen 50 by 120 houses in good lots rise from 850K to 900K now.

    • an observer April 17, 2014 at 4:51 pm

      Well priced homes seem to be selling pretty quickly and < $1 million SFH's in general are in decent shape. Most of the SFH's on these weekly drop lists are still there because of ridiculous initial prices. The real losses are mainly confined to the fraser valley / suburbs and the entire condo market

  91. Josh April 23, 2014 at 12:26 pm

    Hi !!! I love your site with the listing history’s for the property. Do you know of a service where you can find the listing history of a given property that’s available to general public??

    • an observer April 23, 2014 at 12:49 pm

      Unfortunately it doesn’t exist although a realtor could pull that up for you

      • Josh April 26, 2014 at 4:42 pm

        I would imagine you are a realtor, and you seem pretty efficient at providing listing history. Would you be able to pull that kind of info for me?? Do you have a email address I can contact you at ? Thanks

      • an observer April 29, 2014 at 9:53 am

        Sorry, not a realtor. A realtor will be able to pull this up for you plus a whole lot more, just make sure you get a good one.

  92. Josh April 30, 2014 at 12:51 pm

    If your not a realtor how do you get access to this information ?? I would love to have access myself

  93. Fritz September 21, 2014 at 10:18 am

    Thanks for this blog. I hope some more listing come up soon!

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