For anyone who still believes that the Vancouver real estate market and The Fairmont in Coal Harbour "are different", below is the latest listing to post a significant price reduction. Unit # 2409 is a NW corner unit that initially listed for $5,088,000, reduced its price to $4,880,000 and has now reduced to a stunning $4,300,000. Wow, that's $1585/sq ft - a long way from the reputed prices north of $2000/sq ft that have defined the Fairmont to date. This is bad news for anyone else selling at The Fairmont and could theoretically cause a stampede of panic amongst other sellers.
Please contact Shaun directly email@example.com to discuss whether it's a good time for you to buy or sell and please feel free to comment on this or any of my other Blogs or visit me at www.shaunkimmins.com