The Vancouver Real Estate Crisis ~ House Auction Media Frenzy

Welcome to Mieer Events and our quick review of the Vancouver Real Estate Crisis. The city of Vancouver BC and its neighboring cities have experienced a crisis in recent years in terms of affordable housing. Here is yet another example of what is occurring in this extremely hot market.

Here we are today in Burnaby at a run down old house up for public auction for $1.7 million asking price. Seems like only the media showed up with a few local neighbors to check out the Auction ACTION ! No bidder’s hands went up in the crowd as all the bidders were online. Why so much hype then?

The auction got so much media publicity and this was only the first. Can we expect this to be the future wave of selling homes in BC?

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