Burnaby real estate buyer left ‘shell shocked’ by price demands

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Burnaby’s housing sales have slowed a bit from a scorching spring, but prices keep rising.

The Real Estate Board of Greater Vancouver’s June report shows listing activities and sales have eased since record-setting paces were seen in March and April this year. 

But the report shows the media house price in Burnaby rose from 1,784,000 in May to 1,874,000 in June.

Matthew thinks he knows why.

Matthew and his wife read some recent stories in the NOW about frustrated buyers fed up with being caught in multiple-bidding situations that are pushing prices up.

The couple, who rent in Vancouver, was looking at condos in the Lougheed, Edmonds, Brentwood and Metrotown areas in order to be close to SkyTrain because they both work in Vancouver.

They were using a real estate agent in Vancouver to help them negotiate the market.

It didn’t go well.

The couple was careful with bidding only on a condo that they really loved and not just simply to…

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