April's numbers

As always, Larry Yatkowsky is out with the averages for the month and the height of the spring market sees Vancouver’s detached average home price slip to $1,152,091 from March’s 1,176,642.

Meanwhile we couldn't help chuckle at the front page of the 24 hours newspaper today:

Faithful readers will recall our post about the Vancouver Province/Sun conglomerate when they took paid real estate advertisements and present them as actual news stories with little or no indication that what you are reading wasn't real news.

That's what the faux news-style ad is all about.  Creating the impression, at first glance, that what you are reading is actually 'news'.

As least this one clearly says "paid advertisement."

Are the BC Liberals as desperate to mislead as the real estate industry now?

Finally Business in Vancouver ran a story today that demand for luxury homes is down 29% in Vancouver.

Upper-End Market Trends 2013 said a total of 287 luxury properties – which in Vancouver are defined as those listed over $2 million – were sold in the city, compared with 404 sales in 2012’s first quarter.

“The pace has shifted in Greater Vancouver’s luxury housing market, reflecting the obvious pullback in foreign investment,” the report states.

“Higher prices, a softer Chinese economy, financing and immigration regulations have all contributed to softer demand.”

Hmmm.

Weren't the bobbsey twins just telling us the other day that this wasn't the case?... that 'nothing had changed?'

Time for more fake real estate news stories, we reckon.

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