real estate: A Sign Of The Times? Vancouver Real Estate Liquidation
- 01/21/09 05:53 PM
A condo developer in Vancouver who built a number of condominium projects all over the Lower Mainland is liquidating 375 properties at 20%-40% off of assessed value. This recent development is definitely a sign of the times. You have to ask yourself - why are they selling these units at such a discount? Why? Because maybe they see the storm on the horizon. If you owned these units would you discount them if you expected sales prices and activity to increase? What do you think? Any opinions out there? Here is the article by CBC… A Vancouver real estate developer is … (1 comments)
A condo developer in Vancouver who built a number of condominium projects all over the Lower Mainland is liquidating 375 properties at 20%-40% off of assessed value. This recent development is definitely a sign of the times. You have to ask yourself - why are they selling these units at such a discount? Why? Because maybe they see the storm on the horizon. If you owned these units would you discount them if you expected sales prices and activity to increase?
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