We've sold 200+ condos in the last 3 days and should get close to 400 by weeks end. I've got over 6000 registrants for our projects in only 1 week of advertising, and phone lines that ring off the hook at all hours of the day and night.
I've been amazed by what I've seen in the last week, and it has shown me that people will still buy real estate if the price is right. People have money, they just won't waste it and need a good deal.
Does this mean we've seen bottom and things will move back up? probably not yet, but I do feel fairly confident in the long term value of real estate, especially here in Vancouver.
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