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Millionaire Investors Are Getting CRUSHED in Vancouver

Glen Hopkins

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I'm Glen Hopkins. 25 years as a buyer, seller, and investor. Ten years and counting as an active agent. I pull back the curtain on what agents, the media, and HGTV never tell you about buying and selling real estate in North America.

No hype. No sales pitch. Just the insider truth you deserve to know.

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Glen Hopkins, REALTOR®
Personal Real Estate Corporation
Oracle Realty
402 - 3211 152 Street, Surrey, BC V3Z 1H8
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13 Comments

@jjmalm 1 month ago

What I tell people about real estate is that risks are not spread evenly. On average the returns are good, but some people will do exceptionally well, but others will get hammered. It's difficult to diversify. But the upside is attractive!

@geekynewz 1 month ago

Thanks Glen for the content, just saying that home / condo owners that bought into the frenzy at high prices only to find out now that they owe way more than its current value or they can't get the rent they need to make that math work are also affected. This is the "crowded restaurant" syndrome. When you see a crowd, must be a good restaurant right? Ergo when you see a lineup around the block for a condo presale, well better get in line and buy one! Who knew.

@tinahalim6589 1 month ago

Good for them

@m.b5777 1 month ago (edited)

Some places are already at 2019 prices even without factoring inflation due to two reasons

1. AI is killing wage growth
2. Backed by cheap loans from the government, 70k+ purpose built rentals are under construction in the Greater Vancouver when the vacancy rate is already over 5%

They will totally crush mom and pop landlords

@FatPanda1368 1 month ago

The condo market will hardly recover in the near future. Same as the economy and employment rates… Government and the people shall prepare for the stagflation, and plan for ways to assist the needed in case of the worst. Canada has less population to support than many other countries, we can go through the storms, but we must prepare first. Do not dream about the future but work on it…

@stuartle888 1 month ago

The market was inflated for at least 15 years...compare to Seattle which has actual good economic indicators.....
Vancouver has minimal business....the strongest market was real estate....and long story short , real estate became unaffordable to the working Canadian...who could carry the market if prices were reasonable...

@hill4377 1 month ago

Real eatate is no longer a liquid investment. Its now an investment that traps you and costs you money. Bleeding you out.

@travelsofthenomad 1 month ago

rents are still out of control in the lower mainland

@MiraImage 1 month ago

Oh nooooo, the poor millionaires

@cocosocialistrat8979 1 month ago

You want me to cry for people who own 3-4 units? 😂

@folarinmaku2307 1 month ago

100s of millionaires are going back to being thousanaire in Vancouver.

@Seriously9876 1 month ago

Bo ho ho. Ha ha ha.😂😂😂

@mariebrooks875 1 month ago

I don’t feel bad at all for the investors. They are the ones that pushed prices so high and took advantage of tenants. Now people are leaving BC and Metro Vancouver-good for them!