Canadian Realestate Magazine forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Vancouver mayor sells home, exits at top of bubble

Notify me of new replies via email
PatrickGunville | 21 Aug 2013, 07:00 AM Agree 0
[video width=425 height=344 type=youtube]4ymC7CWA2sY[/video]


Vancouver mayor, Gregor Robertson, has sold his $1.95 million home just 6 months after selling his Vancouver-based company, Happy Planet Juice Co. Strong signals the Vancouver businessman and politician is preparing his portfolio for a sudden market crash in the near future.

This is all coming at a time when we have Cyprus style bail ins proposed in the 2013 Federal Budget, we have Mark Carney stepping down early as the governor of the Bank of Canada, we have CMHC requirements getting stricter and stricter as we approach the statutory cap on total insurable mortgages. Plus we have major hedge funds now shorting Vancouver companies and real estate stocks.

Vancouver's housing market is on its last legs, but it is not to late to sell, and protect your equity until after the crash. Please share this with others!
Post a reply