tag:blogger.com,1999:blog-5936637281134795592.post565669209246631061..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Take your lumps, or buy useless insurance: the state of the real estate market in BCUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936637281134795592.post-46634463419288805872013-05-09T16:22:20.852-07:002013-05-09T16:22:20.852-07:00Buyer's insurance- what a joke. The industry s...Buyer's insurance- what a joke. The industry stoops to new lows almost every day. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-19662959154530779622013-05-09T13:48:53.631-07:002013-05-09T13:48:53.631-07:00"Teranet said Victoria's index fell 3.2 p..."Teranet said Victoria's index fell 3.2 per cent in March, the biggest one-month drop for the city in nearly 23 years of data recording."<br />- Winnipeg Free Press, April 17, 2013. <br /><br />That gives you a good idea of what is happening in Victoria. No matter which area of Greater Victoria you look at, the 3-month median is down about 10% from peak. Assessments were down. We have seen list prices as low as -34% below assessment. Sales are dismal. There is only one direction in which prices can go from here - down. We have only seen a glimpse of what is yet to come in terms of total correction. infohttps://www.blogger.com/profile/02848148105386213925noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-3914797450342862242013-05-09T09:33:01.166-07:002013-05-09T09:33:01.166-07:00Thank you for following up on my comment from the ...Thank you for following up on my comment from the article from the island. If this is the type of logic that is being used by spokespeople than I can hardly wait until the real melt down comes.....We may realize our dream of living on the ocean yet...patience I tell my wife, patience...<br /><br />Keep up your great work,<br /><br />Cheers,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-53325193023629406822013-05-08T20:51:05.036-07:002013-05-08T20:51:05.036-07:00Comox Valley: VIREB summary: Building Lots: 4 sold...Comox Valley: VIREB summary: Building Lots: 4 sold; price this year $130k, price last year $249k. VIREB reports 113 active listings for building lots but I know from searching MLS, Craig's List, Kijiji, Property Guys etc. that there are at least that many more lots for sale by realtors, or about 56 MOI! Needless to say building has ground to a halt and trades people have reportedly been leaving in droves for, where else, Fort McMurray.<br /><br />So take heart in Lower Mainland - the Comox Valley is coming soon to your town.Anonymousnoreply@blogger.com