Real Estate Today: Buy High & Sell Low?

Looks like its finally affecting the condo prices in Vancouver. This one was listed for $599K and sold for $109K under listing price.

https://bc.ctvnews.ca/condo-listed-for-599k-sells-for-490k-as-prices-droop-in-vancouver-1.4569615 

This is an example of a market balancing itself out.  Perhaps it's time to look at opportunities like vultures.  Real estate cycles go up and down every 8-10 years.  We're starting to see buying opportunities.

Home prices across Canada are on a steady decline as you can see from Zoocasa inforgraphics.  You can read more of it here: https://www.zoocasa.com/blog/crea-july-2019/

There is great buying opportunities very shortly.  In certain places like Calgary though, it is now a seller's market there instead of a buyers market.

This opportunity won't last folks.