When is a 'bubble' not a BUBBLE?

[jesse1]

Everybody will be back in September

Yeah because 2009 was the Worst Summer Ever (TM) and people couldn't stand being outside so they bought houses in record numbers in July and August instead. Good thing this year has good weather or they'd be buying again. That would really suck.

[jimtan]

Hmmm!

Here's something else to think about. I mentioned the discipline of Vancouver developers with regards to short term supply. Vacancy in Vancouver has been mostly between 1% to 2%, Calgary between 4% to 1%, and Toronto has been all over the shop.

[Johnny Horton]

bottom line.....rents are generally unaffordable.

[registered]

Hmmm! Instead I used the raw Excel sheet available on the same page as these purdy pictures to calculate the average difference between Vancouver and Toronto over the period you cite and came up with an insignificant 0.29% lower vacancy rate for Van, from which we can reasonable conclude once again that you're full of shit.

[eyesthebye]

Hmmm! Instead I used the raw Excel sheet available on the same page as these purdy pictures to calculate the average difference between Vancouver and Toronto over the period you cite and came up with an insignificant 0.29% lower vacancy rate for Van, from which we can reasonable conclude once again that you're full of shit.

that's your problem registered - always using data, charts and spreadsheets...no real life experience.

[registered]

Hmmm! Instead I used the raw Excel sheet available on the same page as these purdy pictures to calculate the average difference between Vancouver and Toronto over the period you cite and came up with an insignificant 0.29% lower vacancy rate for Van, from which we can reasonable conclude once again that you're full of shit.

that's your problem registered - always using data, charts and spreadsheets...no real life experience.

Responding to jimtan's series of graphs with a single number is too academic? Priceless. Looking forward to your explanation on what form of real life experience is applicable to the 40 year history of rental vacancies across Canada's two largest CMAs. That's a lot of moving.

[jesse1]

Never let data and logic come in the way of real life experience! LOL

[Austin]

There's another diff with Miami, jesse:

http://www.forbes.com/2009/07/23/vacanc ... ities.html

Miami, which ranks No. 8, owns a whopping 12.7% rental vacancy rate, up from 11.4% a year ago;

Interesting:

[Austin]

Metro Vancouver's apartment vacancy rate edged up to 2.2 per cent in the spring more or less in step with most markets in British Columbia and Canada that saw higher apartment availability, a new report from Canada Mortgage and Housing Corp. said

Read more: http://www.vancouversun.com/opinion/com ... z0vBVSXZ9c

[Austin]

More Vacancy rates:

[Johnny Horton]

Never let data and logic come in the way of real life experience! LOL

...especially if the data is wrong.

[Thompson]

Bears, go home to have a sweet dream ... IF you see rental vacancy rates is over 10%, then real estate of Vancouver will be crashed big time like Windsor, or Miami, or las vigas.

[metalhead]

Bears, go home

Bwahahaaaa, those July sales figures have you really shook up, don't they Tommy?

[Thompson]

Bears, go home

Bwahahaaaa, those July sales figures have you really shook up, don't they Tommy?

This July sales are fine to me ... not perfect though .
What do you expect any way ... market is on fire for each and every year in past 10 years, except 08. Now sales beats 08!!

[metalhead]

Now sales beats 08!!

Barely.
Bwahaha, way to look at the good side of a rotten piece of fruit.
I did see one Sold sign in Abbotsford last week. I guess things aren't so bad.