Realtors reeling as Vancouver real estate frenzy ends


Friday, May 31st, 2019

Sales for 2016 compared to 2019 down 75%

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Trevor Street of Keller Williams Elite Realty in Coquitlam sold 91 homes in the first five months of 2016 at the height of the Metro Vancouver real estate frenzy. Street has made no sales so far in 2019.

Street is not alone.

A comparison between figures for first five months of 2016 and 2019 show sales volumes and numbers down by nearly three-quarters (75%) for the top 100 realtors of 2016.

For example, controversial realtor Sandra Li, initially with New Coast Realty and now with LeHomes Realty, sold 62 homes by end of May in 2016 fetching $94 million. This year, she has only had six sales not even totalling six million. This reflects a 90% percent drop in sales numbers and 93% drop in sales volume.

Layla Yang, a household name in Vancouver, has seen her sales count drop by 81% from 38 to 7 and sales volumes fall from $111 million to just $15 million.

Ken Cui, who belongs to the controversial agency NuStream Realty, saw his sales number plummet 62% from 62 to 23, and sales volumes down 79% from $105 million to $23 million.



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