Asking home prices drop as budget begins to bite - Give me a break!

A recent article posted by 'ThinkPol' states that "Asking home prices fall by double digits in Metro Vancouver as BC budget begins to bite". It went on to say that asking home prices in Richmond dropped by as much as 73%, while suggesting that budget measures announced by the NDP government have begun to work, even before they come into force.

Is this what 'fake news' really is?

If you want to make a point, please use some relevant examples. The example used in this article was a home listed on the 10000 block of Seaward Court. The current price dropped from the original listing price of $5,880,000 on Februay 14, 2018  to $1,588,000. 

If you did just a little bit of research, nobody would have taken the original price of $5,880,000 seriously.  The three best prices of similar homes in this exact neighbourhood sold for $1,660,000 on April 26, 2016, $1,640,000 on May 13, 2017 and $1,565,000 on April 21, 2017.

The 'Best All Time' price was just $1,660,000, and that was back in 2016.

Come on - Give me a break. It you want to stir some emotion, use some relevant facts. This just really makes you think twice before reading these articles.

Sorry for the rant!


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