#VanRE New Westminster 🏙️ 🏢

This 1,677 sqft townhouse in Mount Pleasant has been listed for nearly 3 years.

'Attention Investors! Court-Ordered Sale! Completed in 2021, yet never occupied'

'spans four levels'

Listed $939K
Assessed $1.516M
Original 2021 List $1.399M

*$1,316/mo strata fee

#VanRE

Reality check for seller 2 downtown condo sellers

Melville St:
2018 Asking $2.28M
2024 Sold $1.42M

Cordova St:
2023 Asking $929,818
2024 Sold $628K

Both 'made money' if you don't factor inflation and transaction costs

#VanRE

'Movassaghi, a former wealth adviser who lost his certification after he was caught forging a client’s signature, purchased the penthouse suite, PH7, in Nov in a cash sale for nearly $3M' 🙃

Court ordered sale:

Listed $2.398M
Assessed $2.621M
Purchased June 2020 $2.959M

#VanRE

We did it!!
#VanRE

Bond yield keeps increasing, but hearing Scotia has a 3-year conventional special through the broker network at around 5.10%. Ron Butler & @Altruafinancial, can you confirm?

I'd jump at this rate if you're approaching renewal.

#ToRE #VanRE

Just a flesh wound…😳
But the money’s clean?
#VanRE #MoneyLaundering

🤔🤔🤔
#VanRE

Tomorrow, inventory will surpass 4000 and April condo stats…👀
#VanRE

West Vancouver house flop

Sold $2.44M
Assessed $2,642,800
Purchased Mar 2022 $2.654M

Est $340K loss after PTT and commissions

#VanRE

Nails it 👇
#vanpoli #vanRE #bcpoli

Over 3800 now.
#VanRE

What even is this... I guess some #VanRE realtors need a creative outlet.

Everyone remember this crazy #VanRE realtor from Kerry Gold's story from about a month ago?

The sale was 1269 Esquimalt in West Van cleared for 2.552m which was more or less assessed value, 6952sf lot.

Just yesterday 1245 Esquimalt, 8200sf lot sold for 2.55m. Prices dropping

West Vancouver - Loss from 2014...

Bought for $4.8 Mill on June 2014
Sold for $4.5 Mill on Feb 2024

$300k + Fees...

#VanRe

Live tweet thread #MultiPlex update. #VanRe #housing

Vancouver Apartment - Big Loser from 2018...

Bought for $4.88 Mill on April 2018
Sold for $3.4 Mill on March 2024

$1.48 Mill + Fees...

#VanRe

If this new listing at the Tate sells for anything close to the list price - a LOT of the other current sellers will be very upset...

Especially 4001, similar unit listed at $381K more.

#VanRE

#vanre in a nutshell

53 acre blueberry farm sold in Mission

Sold $3M
Assessed (farm land)
Purchased Nov 2020 $3.25M
Re-Listed Oct 2022 $4.995M

#VanRE