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Real Estate Talks This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS 2020-08-01T09:06:01-08:00 http://www.realestatetalks.com/app.php/feed 2020-08-01T09:06:01-08:00 2020-08-01T09:06:01-08:00 http://www.realestatetalks.com/viewtopic.php?t=129772&p=345459#p345459 <![CDATA[Real Estate Talks • Greater Vancouver Condo Pre-Sales Cut In Half, New Inventory Delayed]]>
The pandemic drove Greater Vancouver new home sales off a cliff, but things have improved… a little. MLA Canada, a Vancouver-based real estate firm specializing in condo pre-sales, observed an increase in absorption for June. Despite unusual market conditions and a bump from lows, absorption is the same rate as last year. Although the current rate is likely being managed through inventory, and project delays.

Greater Vancouver Condo Pre-Sales Down 50%, But Off Pandemic Lows
Greater Vancouver condo pre-sales bounced from record lows, but still came short. There were just 36 units sold in June, up 51% from the month before. The number is a massive 50% lower than the same month last year. A bit of a surprise considering last year was one of the slowest Junes on record. This persistent slowdown is turning into a throttle for new project launches.

Over 57% Of Pre-Sale Homes Expected Are Delayed
The extended slowdown in sales is leading to a lot less inventory than expected. Greater Vancouver saw 259 new pre-sales hit the market in June, up 8% from the month before. This works out to a drop of 50%, compared to the same month last year. It’s inline with the decline in sales, but it’s also 57% lower than the anticipated units for the month. That’s about 338 units delayed, that may pop up later, or be cancelled – depending on future absorption.

Units are being absorbed at an incredibly low rate, but similar to last year. The sales to new listings ratio (SNLR) reached 14% in June, the same ratio as last year. Analysts generally believe prices will rise when the SNLR is above 60%, fall below 40%, and are priced correctly between those two.

Greater Vancouver condo pre-sale absorption is unchanged from last year, but with a few caveats. Sales are significantly lower this time around, and so is inventory. Even more inventory has been delayed and throttled to get to this level. The market may actually be softer than absorption implies. Whether that matters depends on if developers can effectively control inventory longer than buyers wait.

https://betterdwelling.com/city/vancouv ... y-delayed/
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Statistics: Posted by news — Sat Aug 01, 2020 9:06 am

2020-07-31T11:52:20-08:00 2020-07-31T11:52:20-08:00 http://www.realestatetalks.com/viewtopic.php?t=129771&p=345458#p345458 <![CDATA[Real Estate Talks • Pandemic? What pandemic? Seattle-area home prices keep rising fast]]>
By Katherine Khashimova Long
Seattle Times business reporter

Deep into the pandemic, prices for Seattle-area homes were still rising faster than any major city in the country, save Phoenix. There’s one sign, though, that the growth may be slowing.

Homes in the King, Pierce and Snohomish tri-county area saw average year-over-year price increases of 6.8% in May, according to the new release of the S&P CoreLogic Case-Shiller Home Price Index — the sixth consecutive month Seattle-area price growth has topped national averages. Phoenix saw 9% year-over-year price growth in May.

The index, which lags by two months, reports a three-month rolling average of home prices — meaning the numbers for May actually represent average home price gains since the onset of lockdown measures to control the pandemic in March.

Nationally, home prices rose an average of 4.5% compared to last year, growth S&P managing director Crag Lazzara called “stable.”

The trend of rising prices, though, may be slowing, he said.

“Although prices increased in May … they did so at a decelerating rate,” Lazzara said. At the city level, he said, there was a similar development: Prices increased in all 19 cities reporting data to Case-Shiller, but accelerated in only three. Compare that to last month, in which 12 cities saw accelerating month-over-month price growth, and 18 the month before that.

The Seattle area was one of the metros where growth decelerated; in April, prices rose 7.3%.

“More data will obviously be required in order to know whether May’s report represents a reversal of the previous path of accelerating prices or merely a slight deviation from an otherwise intact trend,” Lazzara said.

In the Seattle area, prices for the most affordable homes are still increasing the most rapidly. Prices for homes under $446,909 rose just under 10%, year-over-year, while prices for the most expensive homes — those over $667,808 — rose by close to 5% compared to last year. Prices for homes between those two points rose by roughly 7%.

Some industry watchers pointed to clouds on the horizon. Zillow economist Matthew Speakman, in a statement, expressed a measure of skepticism that the housing market could continue its upward climb amid “substantial risks” from the pandemic.

So far, an inventory crunch and historically low mortgage rates have kept home prices high. But “a resurgence in coronavirus case counts, and the broader economic uncertainty that accompanies it, poses new risks to the outlook for home prices, and seasonal factors should start to erode buyer demand,” Speakman said. “It’s likely that the housing market will feel the effects of this downturn at some point.”

https://www.seattletimes.com/business/r ... sing-fast/
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Statistics: Posted by news — Fri Jul 31, 2020 11:52 am

2020-07-30T08:45:47-08:00 2020-07-30T08:45:47-08:00 http://www.realestatetalks.com/viewtopic.php?t=129770&p=345457#p345457 <![CDATA[Real Estate Talks • US Federal Reserve: Canadian Real Estate Buyers Returned To Exuberance Before Pandemic]]> Canadian real estate buyers were excitedly disregarding risk before the pandemic hit. The US Federal Reserve Bank of Dallas (Dallas Reserve) exuberance index shows expectations surged in Q1 2020. The index is designed to capture explosive price growth, detached from fundamentals. A single quarter isn’t enough to say the market is bound for further detachment, but it does show buyers enthusiastically ignored fundamentals before the pandemic.

The US Federal Reserve’s Exuberance Index
The exuberance indicator is the US Federal Reserve’s “smoking gun” indicator for bubbles. The index responds to explosive dynamics in real estate price movements. Sudden increases indicate buyers are becoming more emotional about their purchase. More emotion involved in prices, means fewer fundamentals are being considered.

Emotional premiums tend to be vulnerable to, well, changes in emotion. A sudden spike in unemployment, a recession, or a new policy can quickly derail opinion. When emotions are quickly removed, you’re left with the potential for prices to deflate, or even the c-word – cr*sh.

So how do you read this magic emotion meter? Efthymios Pavlidis and the Dallas Fed did all of the heavy lifting and calculations already. They publish two sets of numbers – an exuberance indicator, and a threshold value. When exuberance is greater than the threshold value, the buyers are demonstrating exuberance. If the value stays above for more than five quarters, the market has become exuberant. When the market has become exuberant, the odds of a correction jump.

Canadian Real Estate Buyers Jump Back Into Exuberance

Canadian real estate buyers were heading all-in before the pandemic struck. The index read 1.51 in Q1 2020, up 25% from a quarter before. Exuberance cleared the critical threshold for the first time since Q3 2018. The indicator was also at the highest level since Q2 2018. Buyers were definitely under the impression they were in the clear.

Despite the jump in the territory, the market has only seen a small burst of exuberance. It would need another 4 quarters for the market to officially be in this territory. With just a spike for a single quarter, the downtrend is still intact for now. Generally emotions don’t just drop down in a straight line.

Canadian real estate markets saw elevated activity in the first quarter, pre-pandemic. This doesn’t mean it will persist into the second quarter, but it doesn’t mean it will totally stop either. Most markets have been completely frozen, with prices moving fairly laterally, as the buyers left disregard any long-term impact. While they’re disregarding long-term market consequences though, risk firms are warning to expect a dramatic shift in the second half.

https://betterdwelling.com/us-federal-r ... -pandemic/

Canadian Real Estate Buyer Exuberance
An index of exuberance Canadian real estate buyers are demonstrating, in relation to pricing fundamentals.
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Statistics: Posted by news — Thu Jul 30, 2020 8:45 am

2020-07-29T12:17:29-08:00 2020-07-29T12:17:29-08:00 http://www.realestatetalks.com/viewtopic.php?t=129769&p=345456#p345456 <![CDATA[Real Estate Talks • No "doom and gloom" in store for Canadian real estate – Royal LePage’s Soper]]>
29 Jul 2020

Sustained market strength, subject to supply constraints, will be the predominant dynamic in the Canadian housing sector for the rest of the year, according to Royal LePage CEO Phil Soper and Sotheby’s Canada CEO Don Kottick.

In a joint interview with The Financial Post, the two executives highlighted the major role that housing inventory will play in the period immediately after the COVID-19 pandemic eases.

Soper said that home prices largely rely on the balance between supply and buyer activity.

“There are a lot of people who are looking to put roofs over their heads,” Soper said. “We just don’t see the number of homes for sale, the supply side of this, climbing to the point where home prices will collapse.”

Royal LePage’s latest predictions have placed annual growth by year-end at 2.5%.

“It’s about half the long-term rate of home price appreciation we’ve seen in Canada, so we’re not talking about a great year – but it’s far, far from the doom and gloom that some of those who are not as close to the market [as us] have prophesized,” Soper said.

Kottick said that the Bank of Canada’s current record-low key interest rate will also feed into this trend, thus keeping the market afloat.

“The Bank of Canada mentioned that it is highly unlikely to touch interest rates until 2023, so the money is going to be a lot more affordable for the foreseeable future,” Kottick said. “And that was always a concern: ‘When we come out of this, is the government going to increase interest rates?’ Which will have an adverse effect. So that’s one dynamic that has been kind of answered until 2023. I think that will add a lot of confidence to the market.”

The question of supply should be in policymakers’ minds even long after the outbreak has passed, Kottick said.

“We have never addressed the supply issue in Canada, and I think we’re seeing the impact of [the fact] that supply has never been increased,” Kottick said. “When you look at the global environment, I think this [crisis] has put the spotlight on Canada as being a global destination. We’ve been getting calls from our affiliates all over the world – India, the Asia-Pacific region, the Middle East – and they all want to expose their markets to us. I think there might be a drop in immigration, but I think the government understands the need for immigration so it is going to be ramped up. I think we’re going to see a surge of people who want to come to Canada.”

Soper echoed these sentiments, saying that as a premier destination, Canada will likely see intensified demand from inbound populations.

“The solution is the supply side, and it’s not going to get addressed in a piecemeal fashion,” Soper said. “When we come out of this, the new normal is going to have to focus on health, education, and housing as major national priorities that align federal, provincial, and municipal governments to providing enough for our growing population.”

https://www.canadianrealestatemagazine. ... 31927.aspx

Statistics: Posted by news — Wed Jul 29, 2020 12:17 pm

2020-07-28T11:38:56-08:00 2020-07-28T11:38:56-08:00 http://www.realestatetalks.com/viewtopic.php?t=129768&p=345455#p345455 <![CDATA[Real Estate Talks • Greater Vancouver Sees Biggest Single-Month Surge Of Inventory In Half A Decade]]> A lot of Greater Vancouver condo owners all had the same idea – last month was the perfect month to sell. Real Estate Board of Greater Vancouver (REBGV) data shows June saw the largest single-month surge of new condo apartment listings in at least half a decade. While sales did also rise from last year’s lows, the number of new listings were enough to push prices lower from peak.

Greater Vancouver Condo Prices Fall Further From Peak
Greater Vancouver condo apartment prices have been slipping for several months, but are still higher than last year. Across REBGV the typical condo apartment cost $680,800 in June, up 3.6% from a year before. In the City, Vancouver East condos had a benchmark of $588,400, up 3.1% from a year before. In Vancouver West, the condo benchmark reached $789,300, up 6.0% from a year before. While all of these numbers are higher than last year, all of these benchmarks are dropping further from the peak.

All three benchmarks are seeing the rate of growth rise, but prices falling further from the peak. The 3.6% 12-month increase for June is higher than the month before. However, June was also the third consecutive month of price declines. Greater Vancouver condo prices are now down 5.6% from the peak in June 2018. Just a month before, they were only down 4.8% from the peak. Prices are higher than a year before due to the delayed seasonal curve, but are still falling from the peak.

Greater Vancouver Condo Sales Are Higher Than Last Year
Greater Vancouver condo sales are moving higher than last year. REBGV saw 1,105 sales in June, up 69.2% from a month before. This represents an increase of 17.4%, when compared to the same month last year. Last year was a multi-decade low, at nearly half of June 2016’s volume. Easy beat, but a beat during a pandemic nonetheless.

New Listings For Vancouver Condos See Highest Level In Half A Decade
Greater Vancouver hasn’t seen this many new listings for condos in a single month for a very long time. REBGV saw 2,818 new condo listings in June, up 55.8% from a month before. This represents an increase of 34.1% compared to the same month last year. No single month has seen this many new listings in at least half a year.

Greater Vancouver Condo Sales Vs. New Listings
The number of condo apartments sold vs new inventory in Greater Vancouver.

The big surge of new condo listings helped to push inventory higher than the month before, but it’s still lower than last year. REBGV reported 5,192 active listings in June, up 17.94% from a month before. Despite this big increase, inventory is still 13.2% lower than the same month last year. Other than last year, Vancouver hasn’t seen this kind of condo apartment inventory since June 2015.

Greater Vancouver condo prices haven’t seen a return to their 2018 peak, and are falling from the annual high. Prices have consistently slipped since the onset of the pandemic, despite a bump in sales. Even though total inventory is lower, new listings are hitting the market at such a rapid pace, it’s killing price gains.

https://betterdwelling.com/city/vancouv ... -a-decade/

Statistics: Posted by news — Tue Jul 28, 2020 11:38 am

2020-07-28T11:33:54-08:00 2020-07-28T11:33:54-08:00 http://www.realestatetalks.com/viewtopic.php?t=129767&p=345454#p345454 <![CDATA[Real Estate Talks • Bank Of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate]]> Canada’s central bank is desperately trying to prop up real estate markets with liquidity. Bank of Canada (BoC) has been injecting billions into Canada Mortgage Bonds (CMBs). The central bank began purchasing a few million worth of bonds during last year’s real estate slow down. As the pandemic hit, the BoC began buying hundreds of millions worth of CMBs per week. The flood of liquidity has a limited impact on preserving prices, but creates a massive withdrawal risk.

Canada Mortgage Bonds (CMBs)
Canada mortgage bonds (CMBs) are debt securities guaranteed by the Government of Canada. Basically, lenders originate mortgages, and then group them into a pool. The pool is then sold to the government as a mortgage backed security (MBS). In order to buy MBSs, the government sells CMBs to investors to generate the funds. The cash flow from the MBS is then used to make payments to investors holding CMBs. Long story short, the CMBs are a state secured vehicle for mortgage financing.

Since the government of Canada guarantees all CMBs, they pay very little interest. In a normal market, when demand rises for CMBs, interest paid falls even further. When demand drops, interest rates typically rise to attract more investment. Simple supply and demand, right? Not in a country that’s gone all-in on its housing bubble.

When real estate markets began looking a little tired last year, the BoC stepped in. They started buying CMBs to “improve liquidity,” which is bankster for suppressing rates. At first, they said it was going to be on a non-competitive basis – meaning they would support market rates and prevent increases. Starting on March 20 of this year though, they announced they would start buying on a competitive basis. They now actively play a role in driving mortgage rates down. This drives investors even further away from the asset class, meaning they have to buy even more. In other words, money printer goes brrr.

The BoC Is Injecting Hundreds Of Millions Per Week
The BoC has purchased billions in CMBs since the beginning of the year. As of July 22, the BoC held $7.95 billion in CMBs, up $234 million from a week before. That works out to a balance increase of 1,450% from the same week last year. What started as just a few million worth of bonds, has turned into a few million per week.

Mortgage-based stimulus creates two key vulnerabilities – demand is pull forward, and taper tantrum. By lowering rates, the market doesn’t receive new demand. It borrows demand from the future. Only so many people are stimulated into buying with lower rates, and it largely just results in higher spending. After the market burns through people incentivized by lower rates, it creates another gap later on. This becomes a whole other problem when that cohort of buyers is smaller due to borrowed demand.

A taper tantrum is how the market reacts to the withdrawal of this stimulus. After all, if the market buys on stimulus, it holds back when it disappears. The return to normalized rates is so difficult for the market to accept, it rarely happens. And when it does, it causes another pressure against buyers, and lasts just a few months. For example, when interest rates briefly increased in 2018, and sales dropped to lows.

The BoC is pumping billions into the market to flood it with cheap money, and keep it floating. Despite stimulus, prices are starting to slip in cities like Toronto and Vancouver. Even worse, this stimulus is so large, it creates an overhang the government will have to deal with later. Combine this with the payment deferral cliff, and the market is increasingly lining up issues that will require even bigger stimulus to prevent a disaster.

https://betterdwelling.com/bank-of-cana ... al-estate/

Canada Mortgage Bonds (CMBs) Held By The BoC
The dollar value of Canada Mortgage Bonds held as assets by the Bank of Canada, in millions of dollars.
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Statistics: Posted by news — Tue Jul 28, 2020 11:33 am

2020-07-28T11:30:54-08:00 2020-07-28T11:30:54-08:00 http://www.realestatetalks.com/viewtopic.php?t=129766&p=345453#p345453 <![CDATA[Real Estate Talks • Small B.C. landlords call for help as expenses mount]]>
Prince George Citizen Staff Prince George Citizen

July 28, 2020

After months of missed rent payments from his tenants during the pandemic, Prince George landlord John Stiles is feeling the pinch.

Stiles says he’s had to dip into his line of credit to pay the mortgage, taxes and utilities of rental property he and his business partner own in Prince George and Mackenzie because the renters in two of those properties haven’t paid their rent, one of whom hasn’t paid since April.

That tenant’s refusal to maintain the property on his side of a duplex Stiles owns on McIntyre Crescent is evident in the trampled-down foot-high grass that used to be a lawn and now has become a driveway for the tenant’s truck.

The province-wide ban on evictions for reasons other than missed or late payments, in place since the pandemic broke out in March, was lifted on June 25. But property owners are not allowed to begin the eviction process for non-payment of rent until Sept. 1.

Neither of Stiles’ delinquent renters qualifies for the province’s COVID-19 temporary rental assistance program and he wonders why there’s no alternative plan in place to help landlords who are now owed thousands of dollars in missed rent payments.

“There’s no relief and I think it’s a gross injustice that nobody wants to talk about,” said Stiles. “There are no programs for a landlord to access on his own initiative and there’s absolutely no other option for eviction other than if he is doing severe damage to the property. You are stuck with this person who refused to pay rent . I was told point blank that I would not be getting a nickel of rent out of him.

“A lot of renters are under the impression that COVID meant you don’t have to pay your rent. The government did say you still have to pay your rent, if you can. If he says he’s not paying, you can take him to an arbitrator to get the money, but at the time, in late May, that took four months just to get into a hearing and then get a judgment to collect the money.”

Stiles questions why the B.C. Residential Tenancy Branch is not making its arbitrators available to consider cases like his, where he says his tenant is still working but refuses to pay the rent and now owes close to $5,000.

“Everybody’s taking it on the chin during COVID, but if you have a $400,000 investment that you’re financing there’s nothing you can do other than wait the six months or so to start collecting, if [a tenant\ is working and hasn’t moved on,” said Stiles, “It’s a tough, onerous process. In the last 10 years they have vilified the landlord so much, there’s no sympathy for them.”

The Ministry of Municipal Affairs and Housing announced in June it was extending through August its moratorium on evictions for renters who can demonstrate they aren’t able to pay their rent. The province also extended its temporary rental assistance payments until the end of August. The program provides renters who qualify up to $500 per month paid directly to landlords.

Stiles, a former rooming house and apartment building owner, has been renting to low-income tenants since 1994 and out of those hundreds of tenants he says he’s had to go to the Residential Tenancy Branch only three times to settle a dispute. Now, during the pandemic, he has two of those cases at hand.

“They’ve taken your teeth away, you can’t encourage anybody to resolve anything if they don’t want to,” Stiles said.

“From my perspective, in a zone where there’s been 79 cases of COVID in four months and people were continuing and able to go to work, so there was exposure in the community, they were protecting these people from having to pay any rent whatsoever with absolutely zero recourse, other than you could take them to court.”

Two weeks ago, the B.C. government released guidelines for landlords seeking rent unpaid during the pandemic which gives tenants until July 2021 to make those gradual payments over a 10-month period. It puts the onus on the landlord to work out a payment plan with the tenant and present it at least 30 days before the first payment is due. Assuming that notice is given, the first repayment installment would be due on Oct. 1.

The July update, announced by Municipal Affairs and Housing Minister Selena Robinson, also extended the freeze on rent increases through to the end of December. Robinson also said people who vacate rental units without paying their landlords could be subject to an investigation by the compliance and enforcement branch of BC Housing.

Landlord BC, an advocacy group for rental property owners which has 3,300 members, says the state of emergency that’s been extended by the province through August 4 is causing undue hardship on property owners who have been forced to provide house free of charge. It recommends that the province develop a funding mechanism for landlords to make up lost revenue during the pandemic.

“We have worked constructively with our tenants and the government since the beginning of this crisis, but it is the role of government to bear this housing burden, not private landlords who simply do not have the financial capacity to do so,” reads a statement on the Landlord BC website.

“We need the B.C. government to come with fair and balanced solutions.”

Stiles says his calls and emails to Robinson and Health Minster Adrian Dix have gone unanswered.

Statistics: Posted by news — Tue Jul 28, 2020 11:30 am

2020-07-26T19:14:08-08:00 2020-07-26T19:14:08-08:00 http://www.realestatetalks.com/viewtopic.php?t=129765&p=345452#p345452 <![CDATA[Real Estate Talks • One million adults plan to move back home]]> One million adults plan to move back home

Gen-Xers lead the boomerang, but 278,000 baby boomers also say they will move in with family to shelter from COVID-19 fallout

At least 1.5 million adult Canadians have already or plan to move back home with their parents, according to a national survey by Finder.com released July 24.

B.C is among the provinces seeing the biggest boomerang back home.

The findings could have ramifications for the multi-family rental sector, since the vast majority of those seeking shelter at home are renters.

Survey results reveal an estimated 2.8 million, or nearly 1 in every 10 Canadians, have seen their living situation change due to the COVID-19 crisis.

Approximately one million Canadians (4 per cent) said they are thinking of moving in with family.

Of those moving, by far the biggest trend are grown adults moving back in with their parents. About 1.5 million Canadians have said they have moved home due to the COVID-19 crisis, and 860,917 parents have said their kids have already moved back in.

Canada’s youngest generation (aged 18-24) are most likely to have already moved home (13 per cent), with men more likely to move in with their parents as compared to women.

Men are also 141 per cent more likely to be contemplating moving home, compared with women,

The provinces hit hardest by COVID-19, and with higher costs of living, saw the most moves with Ontario, Quebec and B.C. in the top spots. Ontario is the epicentre of Canada’s ‘Generation Boomerang’ with 10 per cent of people in the province saying they’d moved back in with their parents or had adult children move home with them.

In British Columbia 10 per cent of those surveyed said they are experiencing a change in their living situation and another 5per cent are thinking about it.

Just 11per cent of those in the prairies are in a new living situation or thinking about it. Just 5 per cent of those in the Atlantic provinces are living in a changed living situation, with another 5 per cent thinking about moving back with family.

While young people moving back home with parents make up the bulk of this trend, it also works in reverse, just on a smaller scale, with 278,532 Canadians who have already moved in with their adult children and another 455,780 seriously considering it.

Scott Birke, Publisher at Finder.com, a Toronto-based data research platform, said that Canada’s young adults are facing an uphill battle when it comes to establishing themselves during an uncertain recession.

“Between the high cost of rent in Canada’s big cities and a recession with record levels of unemployment, young people trying to launch or grow careers while paying the bills are now faced with challenges that may seem insurmountable, making returning home to their parents the most attractive option for many of Canada’s young adults.”

“Our data reveals about a million Canadians who haven’t yet moved home with their parents are still seriously considering it, which tells us this trend is not just confined to the pandemic and could be a longer-term setback when it comes to young Canadian adults building wealth and establishing their careers”, said Birke.

He noted the reverse trend of Canadians parents moving in with their grown children could prove to be a silver lining to a stressful situation.

“It is safe to assume that many of the parents who moved in with their adult children are also grandparents who are helping to provide childcare for exhausted working parents of young children, who have limited or no childcare options until school begins.”

https://www.westerninvestor.com/news/br ... 1.24175095

Statistics: Posted by news — Sun Jul 26, 2020 7:14 pm

2020-07-20T19:18:49-08:00 2020-07-20T19:18:49-08:00 http://www.realestatetalks.com/viewtopic.php?t=129764&p=345451#p345451 <![CDATA[Real Estate Talks • Ozbuzz.ca is out!]]> go to
https://jurock.com/2020/07/20/home-equi ... d-by-cmhc/
Read it now!

Statistics: Posted by ozzie — Mon Jul 20, 2020 7:18 pm

2020-06-06T08:06:50-08:00 2020-06-06T08:06:50-08:00 http://www.realestatetalks.com/viewtopic.php?t=129763&p=345450#p345450 <![CDATA[Real Estate Talks • On the radio]]> Ryan Irvine: His recommendations are up 24% so far in 2020
MIke Levy: Big new idea
Victor Adair: Ace day trader
Ozzie: If you want a mortgage with less than 20% down, CMHC tightened the rules (AGAIN!) You need an offer and approval by CMHC before July 1.

Statistics: Posted by ozzie — Sat Jun 06, 2020 8:06 am