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jimtan
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Re: How far can it drop? 20% or 30%?

Mon Jan 02, 2017 7:45 pm

more commercial merely means more VACANCY.

more residents only result from better affordability.  :roll:
 
tdma800
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Re: How far can it drop? 20% or 30%?

Mon Jan 02, 2017 7:51 pm

more commercial means more residents

more residents from more demand

affordability is for bums that can only do a high ratio mortgage
 
jimtan
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Re: How far can it drop? 20% or 30%?

Mon Jan 23, 2017 1:35 pm

tdma800 wrote:
more commercial means more residents

more residents from more demand

affordability is for bums that can only do a high ratio mortgage

more commercial does not mean more more residents  :lol:
Rather, it is the other way around.  :!:

That's why commercial can have large vacancies when it builds faster than incoming residents.  :roll:

Meanwhile, it begins.

"Trump Revamps U.S. Trade Focus by Pulling Out of Pacific Deal
With the stroke of a pen, President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that had been promoted by companies including Nike Inc. and Wal-Mart Stores Inc. as well as family farmers and ranchers..."

https://www.bloomberg.com/politics/articles/2017-01-23/trump-said-to-sign-executive-order-on-trans-pacific-pact-monday
 
tdma800
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Re: How far can it drop? 20% or 30%?

Mon Jan 23, 2017 1:44 pm

we're going to the moon http://www.theglobeandmail.com/real-estate/vancouver/vancouvers-housing-market-third-most-expensive-in-the-world-survey/article33702895/
 
jimtan
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Re: How far can it drop? 20% or 30%?

Sat Jan 28, 2017 9:17 am

Any educated person will tell you that history does not repeat itself if the rules have changed.

Meanwhile...

"China’s Army of Global Homebuyers Is Suddenly Short on Cash

Property sales from London to California wobble on China curbs...

In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the start of the year. And in Sydney, developers are facing “big problems” as Chinese buyers pull back, according to consultancy firm Basis Point.

“Everything changed’’ as it became more difficult to send money offshore, said Coco Tan, a broker associate at Keller Williams in Cupertino, California..."

https://www.bloomberg.com/news/articles ... rt-on-cash
 
tdma800
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Re: How far can it drop? 20% or 30%?

Sat Jan 28, 2017 9:21 am

Anyone with experience will know that things are going to the moon, infinity and beyond.  Canada isnt reducing newcomers at all.
 
jimtan
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Re: How far can it drop? 20% or 30%?

Sat Jan 28, 2017 9:23 am

Once again irrelevant rote propaganda reply. Chinese capital is in retreat as China plays defense in the Trump world.  :!:
 
tdma800
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Re: How far can it drop? 20% or 30%?

Sat Jan 28, 2017 9:25 am

native speakers know that bloomberg is an American oriented company
 
jimtan
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Re: How far can it drop? 20% or 30%?

Sun Jan 29, 2017 1:26 pm

tdma800 wrote:
native speakers know that bloomberg is an American oriented company

:?:


Sorry, ETB. Just the facts, madam.

" The Good The Bad and the Ugly

By Steve Saretsky

The Good

The market hasn’t gone to complete shreds. The entry level condo market is still chugging along. Whatever entry level is for your specific area. In Vancouver that’s the sub $600,000 market, in Richmond that’s the sub $400,000 market. These markets are still relatively “affordable” and thanks to Christy Clarks brilliant first time home buyers loan, it could keep pace...

 The Bad

The bad, Vancouver townhouses. Perhaps no surprise, as detached houses in the area become cheaper the incentive to pay almost a million dollars for a townhouse in Vancouver is beginning to make less sense. At the midway point of January there have only been a combined 5 sales in Vancouver East and West. For comparison, there were 22 sales in the same period last year. Should townhouse sales continue at this pace it will mark a 76% drop year over year...

 The Ugly

Vancouver West single family homes. Perhaps this comes as no surprise, since these homes are out of reach for 99% of locals, and have surged by 48% over the past 2 years. A price correction seemed impossible to avoid. Based on my conversations with prominent Realtors who focus on that product they tell me prices are down 20% from the peak. This is not reflected yet in the benchmark price..."
 http://vancitycondoguide.com/the-good-the-bad-and-the-ugly/
 
eyesthebye2
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Re: How far can it drop? 20% or 30%?

Sun Jan 29, 2017 1:36 pm

You forgot one segment...

The Stay Tuned:

East Vancouver detached. Sales were at a a crawl - picked up the past two weeks. Not much happening for movement in sales or price. I see about 10-15% off peak...thats it.
Now that Chinese New Year is here we'll see...
 
reallyreal2
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Re: How far can it drop? 20% or 30%?

Sun Jan 29, 2017 1:54 pm

East Van sales fallen off a cliff and prices down.

Buyers can only be found on milk cartons.
 
tdma800
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Re: How far can it drop? 20% or 30%?

Mon Apr 10, 2017 2:43 pm

Springtime - to infinity and beyond
 
jimtan
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Re: How far can it drop? 20% or 30%?

Tue Apr 11, 2017 5:44 pm

reallyreal2 wrote:
East Van sales fallen off a cliff and prices down.

Buyers can only be found on milk cartons.


As Steve has pointed out, the market in general is balanced at this time. The important thing to note is that momentum has been lost in the detached market. Very different from the market a year ago.
 
tdma800
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Re: How far can it drop? 20% or 30%?

Tue Apr 11, 2017 5:47 pm

The title should be how far can it rise - about 30 percent sounds good

That unlicensed website is cheaper than a movie though
 
2000sqft
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Re: How far can it drop? 20% or 30%?

Tue Apr 11, 2017 10:24 pm

jimtan wrote:
reallyreal2 wrote:
East Van sales fallen off a cliff and prices down.

Buyers can only be found on milk cartons.


As Steve has pointed out, the market in general is balanced at this time. The important thing to note is that momentum has been lost in the detached market. Very different from the market a year ago.


Does Steve even sell? Lol..
To the moon and beyond!...at $2000 per sq ft

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