Richmond Update - "it isn't great" and Rick Mercer explains the housing market in 77 seconds

Recently we have profiled a few contributions from 'Alphabet Arnie', aka Richmond real estate agent Arnold Shuchat.

Shuchat has made a number of bullish statements recently, but what you have to admire is that he does tell it like it is when talking about specific market conditions on his blog.

The latest is his update from the Terra Nova neighbourhood:

Terra Nova is like a microcosm for Richmond Real Estate. And Richmond real estate is a microcosm for immigration. If Terra Nova is doing well, then Richmond will do well. So here is a snapshot of Terra Nova Real Estate over the last couple of weeks; and it isn't great.

Says it all right there.

You can see the full update on Terra Nova at the link above.

Meanwhile Rick Mercer and the Mercer Report comment on the housing market in a skit that says it all in only 77 seconds.

(hat tip Rob):

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