Real Estate Talks
This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS
Land Rush 2021: February 27, 2021 - Watch Online!
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hunainlalani
Newbie
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Re: Why I am not afraid of being a renter!
LoL, lots of funny talks here
Re: Why I am not afraid of being a renter!
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.
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 (31.69 KiB) Viewed 11136 times
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- Metro Vancouver rental apt increases.JPG (42.54 KiB) Viewed 11136 times
Re: Why I am not afraid of being a renter!
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.
"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.
Re: Why I am not afraid of being a renter!
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/
"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/
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eyesthebye2
Real Estate Talker
- Posts: 1207
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Re: Why I am not afraid of being a renter!
Once the prov govt closes that presale loophole it'll be lights out for condo flippingHappy 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/
Re: Why I am not afraid of being a renter!
"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
https://www.straight.com/news/1025701/b ... duced-2016
Re: Why I am not afraid of being a renter!
Woa. People are still calling JT uneducated. Some things never change.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.
Re: Why I am not afraid of being a renter!
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.It must be bad when a weak bull crack like a rotten egg. Hope he didn't buy near the high.
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
Re: Why I am not afraid of being a renter!
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
"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
Re: Why I am not afraid of being a renter!
Heads Up
"B.C. government gives cities power to establish rental-only zoning
Bill would give municipalities jurisdiction to set boundaries, including grandfathering-in current rentals..."
http://www.cbc.ca/news/canada/british-c ... -1.4633273
"B.C. government gives cities power to establish rental-only zoning
Bill would give municipalities jurisdiction to set boundaries, including grandfathering-in current rentals..."
http://www.cbc.ca/news/canada/british-c ... -1.4633273
Re: Why I am not afraid of being a renter!
More of the same...
"Vancouver unveils plans for 1,000 new units of affordable housing aimed at residents earning less than $80,000 a year"
https://www.straight.com/news/1070326/v ... rning-less
"Vancouver unveils plans for 1,000 new units of affordable housing aimed at residents earning less than $80,000 a year"
https://www.straight.com/news/1070326/v ... rning-less
Re: Why I am not afraid of being a renter!
Bad news for cheaters....
"Vancouver issues over 900 licences to homeowners and tenants running Airbnb short-term rentals
... The city also announced in the news release that it is “actively investigating over 1,500 listings which appear to be illegal”.
“These include commercial operations and illegal/unsafe units that will not qualify under the new licensing program, in order to protect the safety and availability of Vancouver’s long-term rental stock,” according to the city.
The city also noted that following investigation and enforcement on these listings, almost 400 have been either converted to long-term rentals or taken off the listings.
“Prosecution has been initiated against commercial operators representing 89 listings, with the potential to collect fines of up to $890,000,” the city also revealed.
In addition, more than 400 listings were “targeted for enforcement, with multiple actions taken including warning letters, safety violation inspections, prosecutions and fines.."
https://www.straight.com/news/1083191/v ... short-term
"Vancouver issues over 900 licences to homeowners and tenants running Airbnb short-term rentals
... The city also announced in the news release that it is “actively investigating over 1,500 listings which appear to be illegal”.
“These include commercial operations and illegal/unsafe units that will not qualify under the new licensing program, in order to protect the safety and availability of Vancouver’s long-term rental stock,” according to the city.
The city also noted that following investigation and enforcement on these listings, almost 400 have been either converted to long-term rentals or taken off the listings.
“Prosecution has been initiated against commercial operators representing 89 listings, with the potential to collect fines of up to $890,000,” the city also revealed.
In addition, more than 400 listings were “targeted for enforcement, with multiple actions taken including warning letters, safety violation inspections, prosecutions and fines.."
https://www.straight.com/news/1083191/v ... short-term
Re: Why I am not afraid of being a renter!
"Are Vancouver's sky-high rents finally falling?
Data analyst Louie Dinh's latest report might be good news for renters
... In fact, his latest analysis of thousands of listings shows:
One-bedroom units have dropped 2.7 per cent since last month.
Two-bedroom units have dropped 3.2 per cent.
Three-bedroom units have dropped 5.3 per cent.
"This is the first time we have actually seen a price drop in a long time, so hopefully [it] continues."
http://www.cbc.ca/news/canada/british-c ... -1.4735345
Data analyst Louie Dinh's latest report might be good news for renters
... In fact, his latest analysis of thousands of listings shows:
One-bedroom units have dropped 2.7 per cent since last month.
Two-bedroom units have dropped 3.2 per cent.
Three-bedroom units have dropped 5.3 per cent.
"This is the first time we have actually seen a price drop in a long time, so hopefully [it] continues."
http://www.cbc.ca/news/canada/british-c ... -1.4735345
Re: Why I am not afraid of being a renter!
Big drop coming...
"Fraser Valley Condo Sales Drop 50%, Inventory Rises 153% in October"
https://vancitycondoguide.com/fraser-va ... n-october/
"Fraser Valley Condo Sales Drop 50%, Inventory Rises 153% in October"
https://vancitycondoguide.com/fraser-va ... n-october/
Re: Why I am not afraid of being a renter!
Here's something creepy! Saretsky is making comparisons with Miami of 2007; because of the oversupply and excess of investor buying in pre-sale condo.
"Shades of Miami 2007
…. Research from MLA Canada, a Real Estate advisory service working alongside developers suggests investor demand has largely dominated the pre-sale condo scene. Measuring pre-sale buyer activity in the Burnaby area of Brentwood and Metrotown, real estate investors made up 67% of all purchases in 2018, up from just 11% in 2012..."
https://vancitycondoguide.com/shades-of-miami-2007/
Hang on to your hats.
"Shades of Miami 2007
…. Research from MLA Canada, a Real Estate advisory service working alongside developers suggests investor demand has largely dominated the pre-sale condo scene. Measuring pre-sale buyer activity in the Burnaby area of Brentwood and Metrotown, real estate investors made up 67% of all purchases in 2018, up from just 11% in 2012..."
https://vancitycondoguide.com/shades-of-miami-2007/
Hang on to your hats.
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