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tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Thu Feb 02, 2017 10:22 pm

eyesthebye2 wrote:
reallyreal2 wrote:
Stats are out for January 2017.

Worst January in the last 6 years in terms of number of sales for residential detached.  Prices down.  Morale down.  Chinese can't get money out and those that can, can't buy here.  

Where or where have the buyers gone.... LOL


"The benchmark price for detached properties is $1,474,800. This represents a 6.6 per cent decline over the last six months and a 0.6 per cent decrease compared to December 2016."

All the jawboning the last 6 months about the market crashing and its 6.6%?
Way too funny.

The in thing these days is to want what others have without working for it yourself, to take them down to your level
 
jimtan
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Posts: 5440
Joined: Tue Jul 31, 2007 10:59 pm

Re: LePage Expects Vancouver Housing Correction in 2017

Mon Feb 13, 2017 8:48 am

This can't be good for mortgage rates on both sides of the border.

"America’s Biggest Creditors Dump Treasuries in Warning to Trump

...From Tokyo to Beijing and London, the consensus is clear: few overseas investors want to step into the $13.9 trillion U.S. Treasury market right now. Whether it’s the prospect of bigger deficits and more inflation under President Donald Trump or higher interest rates from the Federal Reserve, the world’s safest debt market seems less of a sure thing -- particularly after the upswing in yields since November. And then there is Trump’s penchant for saber rattling, which has made staying home that much easier. "


https://www.bloomberg.com/news/articles ... g-to-trump
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Mon Feb 13, 2017 8:52 am

^^------ Foreign media, irrelevant

We're going to the moon!

http://www.metronews.ca/news/vancouver/ ... upply.html
 
jimtan
Real Estate Talker
Topic Author
Posts: 5440
Joined: Tue Jul 31, 2007 10:59 pm

Re: LePage Expects Vancouver Housing Correction in 2017

Thu Feb 16, 2017 8:38 am

Right foreign media is irrelevant.  :mrgreen:

You can quote me and my middle finger.


The critics are right. Only the starter condo market is active.


"Entry Level Feeding Frenzy



... As you can see, multiple offers peaked in May 2016 with 56% of units selling over asking price. Since then it’s been a steady decline. Perhaps seasonal, there was a tick upwards once again this January. Perhaps signalling more carnage to come in the spring.

However, interestingly enough, the absorption rate of Vancouver West condos was a paltry 43% in January (anything below 50% suggests a correcting market, above 75% implies prices should go up). Plus with the state of the detached market one has to wonder if or when the trickle down effect will play out.

One things for sure, we’re entering murky waters…"

http://vancitycondoguide.com/entry-leve ... ng-frenzy/
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Thu Feb 16, 2017 8:41 am

^--- irrelevant unlicensed site


To use a colloquial, apartments are flying off the shelves on all sides and levels, especially the higher you go.
 
jimtan
Real Estate Talker
Topic Author
Posts: 5440
Joined: Tue Jul 31, 2007 10:59 pm

Re: LePage Expects Vancouver Housing Correction in 2017

Sun Feb 26, 2017 8:25 am

Right. Unlicensed by whom? Donald Rump?

Meanwhile, Mid February report. Same as last 6 months. Just 1 month to go before spring buying season begins.

"Mid February Vancouver Real Estate Update


... Sales appear to be following the same trend we have been seeing over the last four to six months. The detached market continues to be under lots of pressure, while condos are still selling quickly. There seems to be a huge divergence of these two markets. Everything i’m seeing shows me townhouses could be in trouble if the detached doesn’t turn around. Inventory levels are climbing, with sales below the 10 year average. Look for the month end report in a few weeks."

http://vancitycondoguide.com/mid-februa ... te-update/
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Sun Feb 26, 2017 8:37 am

^-- said site isnt showing the same info that licensed people have.


to the moon!
 
jimtan
Real Estate Talker
Topic Author
Posts: 5440
Joined: Tue Jul 31, 2007 10:59 pm

Re: LePage Expects Vancouver Housing Correction in 2017

Sun Feb 26, 2017 10:36 am

tdma800 wrote:
^-- said site isnt showing the same info that licensed people have.


to the moon!

Sounds like Steve is a licensed realtor. hah!
Show your set of numbers.That's a challenge.v :P
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Sun Feb 26, 2017 10:55 am

^- those alleged licensed indivuals aren't permitted to show what they really have on some John smith website . They are permitted to show more if they have completed know your customer procedures by online or by phone .
 
eyesthebye2
Real Estate Talker
Posts: 1170
Joined: Sun Jul 27, 2014 6:41 am

Re: LePage Expects Vancouver Housing Correction in 2017

Sun Feb 26, 2017 10:58 am

jimtan wrote:
tdma800 wrote:
^-- said site isnt showing the same info that licensed people have.


to the moon!

Sounds like Steve is a licensed realtor. hah!
Show your set of numbers.That's a challenge.v :P


Steve is sour because there is no activity. I dont see much mention about prices... just sales. Isn't that really all a realtor cares about? They dont give a damn if prices are up or down so long as commissions are coming in.
 
jimtan
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Topic Author
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Joined: Tue Jul 31, 2007 10:59 pm

Re: LePage Expects Vancouver Housing Correction in 2017

Mon Mar 06, 2017 8:09 am

Here's some talk about prices...

"The Trend is Your Friend


The latest from Macquarie Research group, a leading provider of financial, advisory, investment and funds management services believes that a 25% correction in the Canadian National home price index would bring it back to trend...

Of course, in Vancouver that’s even higher. Famous Blog dog Garth Turner‘s doodling shows a 33% price correction would be required for Vancouver real estate just to fall back to it’s “normal” trend line..."

http://vancitycondoguide.com/the-trend-is-your-friend/

Check out the second chart.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Mon Mar 06, 2017 8:12 am

^^^---- unrelated fringe site
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Mon Mar 06, 2017 8:13 am

educated people know that the city of vancouver closes down plenty/tons of rental suites per year helping keep supply low and prices high

to the moon!!
 
reallyreal2
Real Estate Talker
Posts: 687
Joined: Fri Jun 03, 2016 11:30 am

Re: LePage Expects Vancouver Housing Correction in 2017

Tue Mar 07, 2017 12:57 pm

Real estate board blaming snow for lack of sales - LOL

What a bunch of clowns.   :lol:
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: LePage Expects Vancouver Housing Correction in 2017

Tue Mar 07, 2017 1:04 pm

educated people know that things are normal at this time of the year 
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