sp1kermd

After years of waiting, my wife and I just bought a house this week (3br townhouse). It was $125k lower than it was listed at a month ago. We like the area and can (just) afford the house.

My question: Are we screwed? Did we pull the trigger too early?

Vancouver. There was a complete freeze on homes being sold last month with the 15% foreign investor tax. This month, those people that really needed to sell are putting their homes up at a discount. Yes, the 1.7mil teardowns are still listed in weird neighbourhoods, but a few nice family homes are coming to within a more sane range.