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New condo sales in Metro Vancouver are tracking even lower than last year, like 50% lower. The pre-sale condo market is completely dead.
Steve Saretsky
43.7K posts
Steve Saretsky
@SteveSaretsky
Real Estate aficionado. Vancouver Realtor & investor. Host of The Loonie Hour podcast.
- Canadians reelected Sean Fraser who destroyed our immigration system, and Chrystia Freeland who destroyed our finances. Help me understand this.
- A good reminder that a Canadian household would need an annual income of approximately $186,963 to afford a mortgage on a median-priced home in this country, at which point the government thinks you're rich and taxes you into oblivion.
- Richmond Property owners who says he’s owned his home since 1975 and paying taxes on it has been told by his lender they won’t be renewing his mortgage after First Nations land claim. This is just the start.
- My friend had a stroke. Called the ambulance, nobody arrived. Then had to wait 7 hours to see a doctor. Clot busting meds need to be administered by IV within 4 hours. He’s lucky he’s not brain dead. The Canadian medical system is so broke it is literally killing people.
- The Canadian population has expanded by 2.8 million people over the past three years.. that’s greater than the entire population of Saskatchewan and Manitoba combined. How is this sustainable?
- A lost decade in Canada. I don’t care which party was in power, if you put your partisanship aside these results should not be rewarded with another 4 years.
- Canada is set to become the only country to cap oil & gas production at a cost of ONE TRILLION dollars of GDP for what will be essentially zero reduction in global emissions.
- After demonizing the oil and gas sector for 9 years Liberal minister Champagne says they are now willing to build more infrastructure. A decade of lost opportunity sacrificed at the alter of ideology.
- Showed a house today that was chopped up into 8 bedrooms. Several mattresses in each room. Horrible living conditions. The tenants were all foreign students attending the nearby diploma mill. Total scam that this is allowed to happen in Canada.
- Boomers going to sacrifice the younger generation one last time…
- Foreign capital now debating if this is a safe country to invest. Canada desperately needs new leadership.
