This is an update to the post I put up last night. I guess the press conference was held as the Vancouver Sun has some more details (only the good stuff posted here, full story at the link below):
Condos fire sale offers up to 40-per-cent discounts
The one-day sale will take place on March 7.The sale includes condominiums in Richmond Flo; Port Moody Suter Brook — Aria 1 &2, Room Loft Living and Libra; New Westminster Victoria Hill and The Point; Port Coquitlam South Verde; and Surrey Escada.
Examples of the prices include:
• Richmond — a 900-square-foot two-bedroom originally priced at $472,900, or $525 per square foot, is now approximately $360,000, or $400 a square foot.
• Port Moody — a 1,106-square-foot two-bedroom-and-den originally priced at $453,900 is now approximately $340,000, a 655-square-foot studio originally priced at $319,900 is now approximately $240,000, and a 990-square-foot wood frame two-bedroom originally priced at $419,900 is now approximately $315,000.
• Surrey — a 1,100-square-foot two-bedroom and den originally priced at $360,900 is now approximately $260,000.
• New Westminster — a one-bedroom originally priced at $270,000 is now approximately $215,000.
• Port Coquitlam — a 1,000-square-foot two-bedroom originally priced at $389,900, or $390 a square foot, is now approximately $280,000, or $280 a square foot.
What do you think of these examples? If anything, the success of this sale I think will put other individual resellers on notice.
Vancouver, BC 