2012 Predictions

[FuturePorscheOwner]

My predictions
-Real Estate in BC will continue to skyrocket until 2015
-Gold at $1900
-Silver at $50

-Mass exodus of Vancouverites being pushed into Maple Ridge, Pitt Meadows, Surrey, Langley
-Tale of two cities emerging after the tolls on Port Mann Bridge.
-The world will not end
-Hot asian money will continue to rule the market
-5% increase in real estate prices
Get some "Chien"...

[azenis]

My prediction:
- RE in BC will slowly decline or stay relatively flat for 1H, 2H we will see more price reduction
- Euro crisis will come to an end by 1H, the Euro as we know it will break up or have tier system or some sort. All these in 1H
- China will be the next target for a crisis to shake the market in 2H, I'd say that by this time next year, we would be worrying China much like Euro we are today.
- World will not end.
- Gold, depending on how US likes to handle it, could either stay relatively flat moving up and down between 1500~2000 but ultimately dropping below 1500 as China problem unfold.

[Taipan]

Your rooted!

This should have ended in 2009 and 2010. The fact it continued doesnt support the preposition. It merely inflates the stupidity like to much beer, wine or spirits at a really good party

I started out 34 years ago studying economics and land economics. What im currently witnesseing they taught you in week 6 - dont print money it debases the currency.

I have never ever bought gold bullion. I am now, and in seven figure sums. What we are about to witness hasnt been seen in 80 years

Surely the bulls are not this stupid. Well they probably are. They have been well and truly warned.

And if they continue to buy Vancouver property, well they deserve the financial outcome that only stupidity can deliver!

[red_lantern]

Real Estate Prices will drop 5-10% for homes and 10% for condos. It's going to be downhill and the bubble may be showing signs of bursting. Realtors will tell you its really slow and buyers are sparse.

[instigator]

i was looking at some homes around the south of kingsway in burnaby. they are going for 1.2 million.

a lot of the buyers are heading to surrey to live in new neighborhoods for half that

[jesse1]

FWIW here are my predictions:

• International immigration remains at 2011 levels
• Interprovincial migration negative (more leaving than entering)
• Peak inventory 20% higher than 2011
• Sales flat YOY
• Teranet HPI peaks in June, likely higher than last June by a few % (This is not necessarily a bullish indicator)
• Federal government instigates measures to tighten credit further, announced in the first 2 months of the new year, but may not be through CMHC this time
• Greece partially defaults in January

I see this the most likely scenario but I also see the next most likely occurrences are "to the downside".

[leftside]

Taipan has over $1m in gold. Now is the time to SELL!

[eyesthebye]

Real Estate Prices will drop 5-10% for homes and 10% for condos. It's going to be downhill and the bubble may be showing signs of bursting. Realtors will tell you its really slow and buyers are sparse.

realtors will tell you that sellers are sparse and that prices are holding even at high prices.

[semven]

Taipan will finally confess to being a local Burger Flipper

[fishguy15]

realtors will tell you that sellers are sparse and that prices are holding even at high prices.

They just did...

TD is predicting prices heading down in 2012 and further declines in 2013.

[vanreal]

realtors will tell you that sellers are sparse and that prices are holding even at high prices.

They just did...

TD is predicting prices heading down in 2012 and further declines in 2013.

but BMO is saying Vancouver will remain hot.

[Austin]

Guess td was right!

[jesse1]

I wasn't bearish enough. Good thing I didn't guess on prices, though over at vancouvercondo.info I'm likely going to win the 2012 Bear price prediction contest.

[HAM]

My predictions
-Real Estate in BC will continue to skyrocket until 2015
-Gold at $1900
-Silver at $50

-Mass exodus of Vancouverites being pushed into Maple Ridge, Pitt Meadows, Surrey, Langley
-Tale of two cities emerging after the tolls on Port Mann Bridge.
-The world will not end
-Hot asian money will continue to rule the market
-5% increase in real estate prices
Get some "Chien"...

I've mentioned before, FPO has no idea what's he's talking about and above is the evidence. None of his predictions were true, except for gold hitting 1900. But we all know how long that lasted.

[jesse1]

Well he got the "-5% increase in real estate prices" hahahahahaha