Oz Buzz

“Real estate weather forecast: Partly cloudy with a 90% chance of price reductions.”

May 19, 2026

TWO ‘MUST LISTENS’ and/or ‘MUST WATCH’ ITEMS

1. Mike Campbell’s MoneyTalks Podcast

with Victor Adair, (Stocks) Mike Levy (Gold) Ozzie Jurock (Real Estate) and each week features new world class guests. It is the quintessential weekly investing and economic outlook podcast based in Vancouver.

Listen to ACE top market analysts deliver forecasts and actionable strategies for the week ahead. Moneytalks focus includes:

  • Global economic outlook (rates, inflation, currencies, geopolitics)
  • Where money is moving (weak currencies → strong ones; cash → tangible assets; bonds → stocks; capital → “safe havens”)
  • Investment themes and sectors (commodities, hard assets, workshops)

The newest one is always aired at 8:30 AM every Saturday…but listen to ALL OF THEM on the podcast here:

Listen here: https://mikesmoneytalks.ca

2. Great Legal Advice Video (Worth Watching)

Lawyer Stuart Ross and Ozzie discuss real estate issues people actually need help with, including:

  • Understand certificate of Pending Litigation: —RStyle Enterprises Ltd. v. 1308879 B.C. 2026 BCCA 168
  • Understand the BC Foreign Buyer Tax in a company?: —British Columbia v. 1084204 B.C. Ltd., 2025 BCCA 110
  • Understand why the Court upheld a $25.5 million deal even though the seller did not own the property: —NV Highway Properties Ltd. v. 1155204 B.C. Ltd., 2025 BCCA 8
  • Understand the question: Specific Performance or Damages: —Culos Development (1996) Inc. v. Baytalan, 025 BCCA 265
  • You are on the hook for the whole amount when you co- sign a mortgage for your kids … https://www.youtube.com/watch?v=IenBvIzQv5Q
    Or browse all podcasts here: https://ozbuzz.ca/category/podcasts/

AGENDA — This Month

  • PODCASTS

  • VIDEOS – youtube.com/jurockvideo
  • OZZIE’S VIDEO SHORTS: youtube.com/@ozziejurockvideo/shorts
  • HOT PROPERTIES
  • MORTGAGE RENEWALS A BIG DEAL?
  • OUTLOOK
  • DIVE INTO THE NUMBERS, THE NUMBERS
  • INFLATION WHICH IS IT?
  • INTEREST RATES
  • OZZIE SAYS
  • PERSONAL MESSAGE OF JO
  • OZBUZZ IS TEN YEARS OLD…TIME TO CALL IT QUITS?

“Youtube Economists have predicted 12 of the last 3 housing crashes.”

Remember: You are reading Ozzie’s opinion, not advice! And, yes, I have lots of opinions! But use only your personal professional lawyer/realtor/accountant/ to make any personal investment.

THE NUMBERS, THE NUMBERS

Quick national romp with early numbers

BRITISH COLUMBIA  

BCREA reports that MLS® unit sales were 26 per cent lower than the ten-year average for the month of April. Year-to-date, BC residential  unit sales are down 7.6 per cent year-over-year at 20,059 units, while the average MLS® residential price is also down 2 per cent to $932,492.

Source BCREA – great website.

VANCOUVER AND FRASER VALLEY  

Here is a 5-year APRIL 2026 over APRIL 2025/2024/2023/2022 comparison.

VANCOUVER

Major Point: Vancouver SF price in APRIL 2026 is down 4% to $1,934,000 from $2,005,000 in APRIL 2025. (Even down much more below the $2,305,000 high achieved in APRIL 2022 and Summer 2024.)

The Vancouver and Fraser Valley Real Estate Boards have the BEST current statistics.

Get your professional realtor give you the numbers for the sub-area in which YOU are interested.

FRASER VALLEY – Single Family

Major Point:

Fraser Valley SF sales are well UP over 2025 but down over previous years. But NEW condo listings are also down by 19% and active listings down by 16%. (Bottom forming? Fewer panic listings by sellers?).

Major, Major Point:

As always, we say that there is no best deal market, there are only the best deals that you personally negotiate!

Think of making a DOAL: DEAL OF A LIFETIME! THINK STINKBID!

And in May 2026 you CAN NEGOTIATE EVEN HARDER –

The year of the HAGGLE HARD continues!

NOTE! Only well priced listings sell.

Hire experienced realtors (MUST), quality experienced mortgage brokers(not all brokers have access to all lenders) and real estate-oriented lawyers.

“Never forget – economists forecast. Investors decide. Builders gamble. Governments interfere.”

HOT PROPERTY

(Sent to us by realtors, owners and also featured on the outstanding Moneytalks blog at www.mikesmoneytalks.ca):

New Westminster

One bedroom and a den 740 sq – reduced to $399,000

Two-minute walk to Royal Columbian Hospital.

Vancouver – a $1 million loss!

The Butterfly – Ultra luxury – sold for $2.6 million – now slashed to $1.6 million. The Butterfly – Bing Thom’s iconic tower in the West End – 50-metre lap pool, a million-dollar Fazzioli grand piano in the lobby.

Two bed, two bath, 1,079 square feet with a 135-square-foot deck. Originally sold in 2022 for $2.45 million. It’s now listed at $1,522,800 – that’s nearly a million dollars off well below replacement cost. Why? The original buyer couldn’t close and forfeited their deposit. The developer is passing those savings straight to the next buyer. You cannot build this for that price. If you’ve ever wanted into a trophy Vancouver luxury condo – this is the moment.

Nanaimo $699,000 Nanaimo’s Old City. This 4-bed, 4-bath home original fir floors, fireplaces, and high ceilings, ready for your vision. 9,405 sq ft lot,

Lantzville: $1,399,000. Rare 2,200 sq ft ocean-view rancher on nearly 5 private acres at the end of a quiet road. Hardwood floors, a heat pump, and stunning year-round views. Enjoy peaceful surroundings from the hot tub.

Surrey: $466,320 New hi-rise, 1 Bedroom 30th floor spectacular views. Slashed price

Edmonton: $239,000, Windermere . 2 bedroom, 2 baths, top floor condo overlooking a pond.5 years young .

If interested in any of the above and for contact info: Write to info@ozbuzz.caand put in the subject: DOAL.

Ozzie Personal message:

Many of you have kindly asked about my lovely wife, Jo.

I  cannot answer all the many messages personally but thank you.

Jo has been in hospital for more than two months now, and this has understandably occupied our family completely. Our son Marc flew back from Thailand, and our entire family has rallied around her with love, visits, prayers, and constant support.

It has been and is a difficult and emotional journey, but we are grateful for kindness, concern, and messages so many of you have sent.

Thank you for keeping Jo in your thoughts. It means more than you know.

— Ozzie

WANT TO PARTICIPATE?

Go to realestatetalks.com – Some 2,500 members (47,009 posts) talk real estate. Ozzie created this bulletin board in 1998!
If you are in a real estate related industry of any sort (realtor, appraiser, lawyer, home inspector, etc.) list yourself in Ozzie’s free British Columbia real estate directory at bcred.ca

OZZIE’S YOUTUBE CHANNEL

You can watch all videos and podcasts on my YouTube channel at youtube.com/jurockvideo. It is a great way to check on what I said 10 years ago.

Moneytalks Podcast

Ozzie, Michael Campbell, Michael Levy and Victor Adair and guests are now on podcasts every week: mikesmoneytalks.ca/category/mikes-content/complete-show/ (See Victor Adair’s Trading Desk notes! victoradair.ca)

OZBUZZ.CA

Why subscribe if I can just go to the website at ozbuzz.ca? Hot properties and the latest podcasts are DISTRIBUTED TO SUBSCRIBERS FIRST– posted 2 weeks later on website.

HAVE A QUESTION OR COMMENT?

You can reach me at info@ozbuzz.ca with all of your questions, comments and concerns regarding the Oz Buzz publication.

Oz Buzz Podcast

Disclaimer

Please note that any response to any email or any invitation to any meeting is accepted on the understanding that “Jurock Real Estate Insider (JREI)”, “OzBuzz (OB)”, “JCIR (JC)” as the case may be, are not responsible for any result or results of any action or actions taken in reliance upon any information contained in this posting or meeting, nor for any errors contained therein or presented thereat or omissions in relation thereto. It is further understood that the said OB or JREI, or JCIR as the case may be, do not, pursuant to this posting, purport to render legal, accounting, tax, financial, planning, or other professional advice. The said OB and JREI and JCIR may or may not own properties discussed at meetings or receive or not receive referral fees at any meeting you may attend as a result of this posting or invitation. The said OB and JREI and JCIR, as the case may be, hereby disclaim all and any, liability to any person, whether a purchaser of any offering, a reader of any offering, or, otherwise, arising in respect of this postings and of the consequences of anything done or purported to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of these postings. If you respond to any posting OB or JREI and JCIR or attend any meeting from and by said companies, we fully expect that you get independent legal/tax/investment/mortgage advice as the case may be.

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