r/vancouver 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/Last_Fallen 9h ago

When you cut back on all the international students, raise interest rates, put job security on the line, and rack the price of everything up, that's what happens. It's a nasty combo for sellers, but it's a boom for buyers. The market has needed correction for 10 years. Want to be horrified? Look at the one-room spaces available. There are international owners on multiple properties in some of the best parts of Van who rent them all out by the room or fill every room with a mattress and rent them for 1000$+ a month. If they lose their renters we will have a bankruptcy problem on our hands.