This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 3330 matches

by jimtan
Wed Mar 11, 2020 5:51 pm
Forum: Real Estate Talks
Topic: Airbnb condo fined $46k
Replies: 0
Views: 12013

Airbnb condo fined $46k

by jimtan
Mon Feb 17, 2020 9:49 pm
Forum: Real Estate Talks
Topic: How the BC Vacancy Tax Increase Will Impact the Market in 2020
Replies: 1
Views: 13275

Re: How the BC Vacancy Tax Increase Will Impact the Market in 2020

Just received a threatening letter from the BC government. "Declare Now" I have until March 31st to declare my status for the speculation tax. Will receive a demand for 2% of the assessed value, if I don't make the dateline. "Over 99% of British Columbians are expected to be exempt from this tax...R...
by jimtan
Tue Dec 17, 2019 8:35 pm
Forum: Real Estate Talks
Topic: How the BC Vacancy Tax Increase Will Impact the Market in 2020
Replies: 1
Views: 13275

How the BC Vacancy Tax Increase Will Impact the Market in 2020

There's a substantial rise in vacancy tax next year. In addition, various exemptions are being lifted. Steve has his numbers and opinions here ... https://stevesaretsky.com/how-the-bc-speculation-vacancy-tax-increase-will-impact-the-market-in-2020/ IMO, the most significant impact will be on land ba...
by jimtan
Tue Sep 17, 2019 12:27 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 29084

Re: Did The Vancouver Foreign Buyers Tax Work?

Working so well that West Vancouver wants to pile in ... "West Vancouver wants power to impose own vacancy tax .... Mayor says city wants to target foreign owners sitting on houses like 'safety deposit boxes' .... "This is a real problem," Booth said in a phone interview with CBC's The Early Edition...
by jimtan
Mon Aug 12, 2019 8:42 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 496643

Re: Climate Warming is coming to BC

Here's the moment of truth. To stop global warming before the tipping point, net Greenhouse Gas Emissions (GHG) must be zero by 2050. To appreciate the amount of work that has gone into climate research, follow through with the 'Special Report on Global Warming of 1.5 °C'. https://en.wikipedia.org/w...
by jimtan
Wed Jul 31, 2019 1:45 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 49136

Re: Why I am not afraid of being a renter!

demand is still strong. Supply is improving...

https://stevesaretsky.com/apartment-ren ... cord-high/

Still, we need construction of 20k units to gain some breathing space.
by jimtan
Wed Jul 24, 2019 8:52 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 49136

Re: Why I am not afraid of being a renter!

Here's the October 2018 report from CMHC on rental vacancies. Burnaby had a significant spike in vacancies in purpose-built and private apartments. Prices should be soft from the oversupply around Metrotown. But, vacancies are still tight in CoV and Surrey. Have to wait for another recession before ...
by jimtan
Wed Jul 10, 2019 5:37 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 496643

Re: Climate Warming is coming to BC

Here's step back from the trenches... "Fighting climate change may be cheaper and more beneficial than we think In a cartoon that went viral before the Copenhagen climate summit in 2009, a conference presentation lists some of the side benefits of reducing greenhouse gas emissions, from cleaner air ...
by jimtan
Thu Jun 27, 2019 8:21 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 29084

Re: Did The Vancouver Foreign Buyers Tax Work?

Yes, the government intervention has been successful. Foreign buyers out... "This West Vancouver mansion just sold for less than half its asking price. It’s not the only one" https://globalnews.ca/news/5314158/homes-west-vancouver-selling-discounts/ Not surprising, entry level homes hold up well. On...
by jimtan
Wed Jun 19, 2019 8:28 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 496643

Re: Climate Warming is coming to BC

I was in Toronto visiting the Toronto Islands. On the Ward and Algonquin Islands, there was extensive flooding, even with several feet of flood barriers added to the shoreline. In fact, in the low areas, a light swell had the water level lapping at the top of their temporary barriers. Those resident...
by jimtan
Sun Jun 09, 2019 3:42 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 29084

Re: Did The Vancouver Foreign Buyers Tax Work?

Here's something from Saretsky…


"Pre-Sale Absorption Rate Drops to 20% Prompting Developers to Cancel Projects"

https://stevesaretsky.com/pre-sale-abso ... -projects/

Looks like it's all working as planned.
by jimtan
Sat Jun 01, 2019 9:34 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 49136

Re: Why I am not afraid of being a renter!

Heads Up...

"Burnaby council passes ambitious plan to protect rental housing stock"

https://www.straight.com/news/1246261/b ... sing-stock
by jimtan
Sun May 26, 2019 5:19 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 29084

Re: Did The Vancouver Foreign Buyers Tax Work?

Hard to believe that the amount is so large, but...

"Money laundering funded $5.3B in B.C. real estate purchases in 2018, report reveals"

https://www.cbc.ca/news/canada/british- ... -1.5128769
by jimtan
Fri Apr 19, 2019 6:55 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 49136

Re: Why I am not afraid of being a renter!

Fraser Valley definitely …

"Fraser Valley Condo Assignment Listings Hit Record High"

https://stevesaretsky.com/fraser-valley ... cord-high/


Market has downside since the speculators have not been shaken out.
by jimtan
Sun Apr 07, 2019 11:30 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 29084

Re: Did The Vancouver Foreign Buyers Tax Work?

This will possibly have an equally great impact … tax evasion and money laundering.

"B.C. introduces law to prevent money laundering, tax evasion in real estate"

https://www.cbc.ca/news/canada/british- ... -1.5082253