Brentwood assignment - completion early 2025

Original price: $729,900
Deposit paid: $109,485

New price $650K

Seller preparing to walk away from $80K of their original deposit

#VanRE

What decade do u think these were built in?
Also, love or hate?
I ❤️ them.
#VanRE

A few of today's flops...

#VanRE

#VanRE $3,100,000. 2017 SOLD $3,330,000. Tax Assess $3,327,000. 'Point Grey immediate occupancy. Contemporary open floor plan with entertainment sized chef's kitchen & south facing fenced yard. 2nd floor features 3 spacious bedrooms' VIEW ALL SOLDS: vancouversutton.com/map-search.html

#VanRE B.C. mortgage broker ran $270-million Ponzi scheme, then fled Canada, bankruptcy trustee says. More than 930 creditors have come forward to claim Martel and his company My Mortgage Auction Corp. owe them a total of more than $317 million. bc.ctvnews.ca/b-c-mortgage-b…

Just a few sellers hitting the undo button on their recent purchases..

#VanRE

I saw this up For Rent on FB.
Langley, BC / $2,000.a month.
The pictures of this place are gorgeous!
#VanRE

uh oh...

#bondyield #cdnpoli #ToRE #VanRE #fixedincome #investing

You can smell the desperation at the Butterfly:

Urgent!!!
Must Go. Price negotiable.
Unbelievable discount!!!
Any offer will be considered.

One seller offering $225K below contract price.

#VanRE

Cheapest house in a trendy hood dropping its price even after publicity in Daily Hive Vancouver is bullish, right?
Hard to believe no one was offering $30k under before.
LOW BALL OFFERS PEOPLE!! 😊
#VanRE

Surrey townhouse flop

Sold $850K
Assessed $856K
Purchased May 2022 $930K

Est $124K loss after PTT and commissions

#VanRE

Downtown 2BR condo flop

Sold $1.06M
Assessed $1.108M
Purchased Apr 2022 $1.205M

Est $200K loss after PTT and commissions

#VanRE

I had to do a double take...

TWO BED AND DEN + LUXURY CONDO
484 square feet
UNDER VALUED (at $899K)

What is this, luxury for ants?

#VanRE

Nothing to see here…😑
2014 buyer made a MILLION in 1 1/2 yrs.
While 2017 buyer listed at a loss after 5 years.
TOTALLY NORMAL
#VanRE #MoneyLaundering

So I understood no window = not a bedroom.
Then why do I keep seeing this BS?? And putting a kid in a windowless room?? Sad AF.
#VanRE
City of Vancouver Greater Vancouver REALTORS® (Formerly REBGV)

Can anyone shed some light on this court ordered sale in Langley?

Sold $3.5M
Assessed $3.312M
Reported Sale Oct 2021 $4.5M but doesn't show in BC Assessment
Re-Listed Oct 2023 $4.7M

REW does show Mar 2022 sale at $2.25M, which suggests 2 parties split purchase 50/50...

#VanRE

Someone getting desperate?
Over $14 MILLION in reductions in a year.
JFC I hate it here some days…😠
#VanRE

Quick turnaround on this Aldergrove condo flop

Sold $480K
Assessed $491,600
Purchased July 2023 $513K

Est $58.5K loss after PTT, commissions in under 1 year (not including recent renos)

#VanRE

Mysteriously, both Craigslist ads have disappeared today... 🤔

The Westbank legal team is watching 👀

For context, Westbank did the same thing when Vancouver House was set to complete - they prohibited pre-sale buyers from listing their units.

#VanRE

For the love of god…🙄
#VanRE