Angry Mortgage Special Guest Steve Saretsky - Ace RE Agent, RE Specialist at Saretsky Group and host of The Loonie Hour podcast | EP. 171
Apr 28, 2026
Steve Saretsky, Vancouver real estate broker and market commentator, and host of The Loonie Hour podcast. He unpacks First Nations land-claim rulings and clouded title issues. He explores collapsing presale condo markets, rising developer inventory, and risky CMHC rental financing. He maps where values hold versus where they are crashing.
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First Nations Land Claims Cripple Local Liquidity
- BC First Nations land claims created a real market liquidity shock that stopped transactions where title is clouded.
- Steve Saretsky gave the Richmond warehouse example where leases were pulled and financing collapsed once the court decision emerged.
Vancouver Sales Are At Multidecade Lows
- Greater Vancouver home sales hit a 25-year low in 2025 and Q1 2026 tracked even lower, signaling deeper weakness.
- Steve noted growing court-ordered sales and rapidly rising foreclosure-like inventory nearing 2011 highs.
Kitsilano House Chopped Into Eight Student Rooms
- Steve described a Kitsilano Vancouver Special converted into eight bedrooms with mattresses on the floor housing foreign students.
- The tenant from Nepal showed the appalling conditions linked to the diploma-mill student housing boom.