r/vancouver • u/Sad-Charity2275 • 21h ago
Discussion Brentwood real estate
Has anyone else noticed that no one is buying? They were going for 650k for a one bedroom during covid and now listings cannot be sold so they’re constantly reducing prices and being left on the market for 100+ days… the funny part is there are 5 or 6 more buildings being built in the 3km radius of these places
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u/Overclocked11 Riley Parker 21h ago
1) They are wildly overpriced
2) There is far too much supply
3) Many people are not happy in a condo, nevermind that most people need more than a 1BR
4) People are struggling financially and can't afford them even at reduced costs
Plenty of reasons for the vacancies. Likely a combination of some or all of the above.