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Winsor_Pilates · 02-10-2012, 04:18 PM

Yup, January stats showed increased inventory and softened buying. I'll try and add a link.

Having said that, everyone in my office (busy DT office with focus on condos) is very busy and all of my listings that I had in the Fall have come back on in January with way more attention and some quick sales.

I think the detached housing market which was insane last Spring due to Chinese buyers has slowed down. The early Chinese new year this year hasn't brought a buying frenzy and that will show slowed down numbers for the next few months IMO.

Condos on the other hand feel really busy to me. I had a listing that sat since last Spring suddenly get tons of attention (and sold) in January and just had first time buyers go into multiple bids against 2 other groups on their first condo last week.
Having trouble finding good stuff for some other buyers as the good listings are going almost as soon as listed.

Some big name new developments opening in the next 2 months which will be interested to see absorption on (Marine Gateway, Telus Garden, Lido, Meccanica, 999 Seymour). Lots of condo inventory.

On personal experience without looking at the numbers, I'm way busier then I was in the Fall. Too busy to look at the numbers...

02-10-2012, 04:18 PM	#2063
Winsor_Pilates Franchise Player Join Date: Mar 2005 Location: Van City - Main St. Exp:	Yup, January stats showed increased inventory and softened buying. I'll try and add a link. Having said that, everyone in my office (busy DT office with focus on condos) is very busy and all of my listings that I had in the Fall have come back on in January with way more attention and some quick sales. I think the detached housing market which was insane last Spring due to Chinese buyers has slowed down. The early Chinese new year this year hasn't brought a buying frenzy and that will show slowed down numbers for the next few months IMO. Condos on the other hand feel really busy to me. I had a listing that sat since last Spring suddenly get tons of attention (and sold) in January and just had first time buyers go into multiple bids against 2 other groups on their first condo last week. Having trouble finding good stuff for some other buyers as the good listings are going almost as soon as listed. Some big name new developments opening in the next 2 months which will be interested to see absorption on (Marine Gateway, Telus Garden, Lido, Meccanica, 999 Seymour). Lots of condo inventory. On personal experience without looking at the numbers, I'm way busier then I was in the Fall. Too busy to look at the numbers... Last edited by Winsor_Pilates; 02-10-2012 at 04:22 PM.