View: Vancouver's Olympic Village price reductions from 2011-2014 are 20...
Vancouver's Olympic Village price reductions from 2011-2014 are 20...
The rush to do deals in Vancouver prior to hosting the 2010 Winter Olympics led to "an assessor being overly aggressive in pricing" said Paul Sullivan, Burgess Cawley Sullivan & Associates Appraisers as quoted in the BIV.com report "Anatomy of a deal: the sale of Vancouver's Olympic Village"
The remaining units for sale in total have dropped in assessed value by 20% between 2011 and 2014 and some units have plunged over 30% easily and we haven't even started the real correction yet. We're not even at the EXTREME FEAR or GET ME OUT levels. More charts at www.chpc.biz
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