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hunainlalani
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Re: Why I am not afraid of being a renter!

Mon Nov 20, 2017 10:40 pm

LoL, lots of funny talks here :D
 
jimtan
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Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Fri Nov 24, 2017 1:12 am

As I have pointed out repeatedly, the time will come when the tide will turn. There is now so much anguish that there is a political backlash. The politicians have discovered the will to act.

The first chart shows the dramatic improvement in 2016 housing starts. The Federal and provincial governments are chipping in with 10-year affordability programs. CoV has a new 10-year program

“Vancouver unveils new housing strategy for the next decade
City aims for 72,000 units of housing to be built in next 10 years, two-thirds of which are rental...”

http://www.cbc.ca/news/canada/british-c ... -1.4416669

Hopefully, this will inspire other municipals to step up. The second charts shows how badly Burnaby has done.
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Vancouver housing starts.JPG
Vancouver housing starts.JPG (31.69 KiB) Viewed 582 times
Metro Vancouver rental apt increases.JPG
Metro Vancouver rental apt increases.JPG (42.54 KiB) Viewed 582 times
 
jimtan
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Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Mon Dec 11, 2017 1:12 pm

No surprise here...

"Province acts to stop landlords from raising rents based on higher rates in an area"

https://www.straight.com/news/1006241/p ... rates-area



Pity all those new owners of old apartment blocks. Being a landlord is never easy.
 
jimtan
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Posts: 5460
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Re: Why I am not afraid of being a renter!

Sun Dec 31, 2017 9:28 pm

Happy New Year


"Vancouver Condo Flipping Hits 9 Year High

... With just a few weeks left in the year, there have been 685 Vancouver condos flipped this year. That’s a staggering 74% increase from the year previous.

The 685 condos flipped is equivalent to 10.9% of all Vancouver condo sales this year, a nine year high. So yeah, basically one in every 10 sales this year were owners who were cashing in huge profits..."



http://vancitycondoguide.com/condo-flip ... year-high/
 
eyesthebye2
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Posts: 1192
Joined: Sun Jul 27, 2014 6:41 am

Re: Why I am not afraid of being a renter!

Mon Jan 01, 2018 1:32 pm

jimtan wrote:
Happy New Year


"Vancouver Condo Flipping Hits 9 Year High

... With just a few weeks left in the year, there have been 685 Vancouver condos flipped this year. That’s a staggering 74% increase from the year previous.

The 685 condos flipped is equivalent to 10.9% of all Vancouver condo sales this year, a nine year high. So yeah, basically one in every 10 sales this year were owners who were cashing in huge profits..."



http://vancitycondoguide.com/condo-flip ... year-high/


Once the prov govt closes that presale loophole it'll be lights out for condo flipping
 
jimtan
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Re: Why I am not afraid of being a renter!

Thu Feb 01, 2018 8:59 am

"B.C. real-estate sales to foreign buyers relatively low and stable since tax introduced in 2016"

https://www.straight.com/news/1025701/b ... duced-2016
 
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SethM
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Posts: 990
Joined: Thu May 27, 2010 3:32 pm

Re: Why I am not afraid of being a renter!

Sun Feb 11, 2018 12:22 am

yzfr1 wrote:
jimtan wrote:
Once again, a demonstration that yz is analytically challenged. But, he does have a certain rudeness that is impressive for a yahoo.



You are both dumb and born stupid.

You posted pics with no citation or source, you are definitely not educated.

Again what does Vancouver west have to do with anything, its not condos nor dose it represent the entire market.

Not only are you dumb you are a legitimate scum bag / liar. Posting stuff out of your ass.

Woa. People are still calling JT uneducated. Some things never change.
 
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SethM
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Joined: Thu May 27, 2010 3:32 pm

Re: Why I am not afraid of being a renter!

Tue Feb 13, 2018 4:00 pm

jimtan wrote:
It must be bad when a weak bull crack like a rotten egg. Hope he didn't buy near the high.  :roll:

Meanwhile, back on topic. Thousands of units will be returned to genuine renters.

"Yaletown condo strata files class-action lawsuit against Airbnb

Suit alleges the site has profited from unauthorized rentals without the consent of owners... "

http://www.cbc.ca/news/canada/british-c ... -1.4385775

This is a travesty. A property owner should be able to use AirBnB. If the City wants more purpose built rentals they need to give developers incentives such as CAC waivers, property tax holidays, density bonuses, parking variances etc. If politicians want developers to provide rental housing, start handing out the incentives or be quiet and sleep in the bed you make.
 
jimtan
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Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Sat Feb 17, 2018 1:05 pm

Take this land speculators ...


"Rental-only zoning would help supply if done correctly, says developer

Developer Aly Jiwan is optimistic that cities will now be able to zone for rental-only developments

In the B.C. government's throne speech this week, there were many promises about how the new NDP government will improve the housing crisis — including allowing municipalities to create rental-only zones to help increase supply.

That's a promise that Aly Jiwan, CEO of  Redbrick Properties — which owns, develops and manages purpose-built rentals in Greater Vancouver— is optimistic about.

"The supply is still very much lagging beind the demand for new rentals," he said.

"We haven't had really any supply of new rental housing for about 40 years." 


http://www.cbc.ca/news/canada/british-c ... -1.4538250

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