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


Search found 3323 matches

by jimtan
Wed Jul 10, 2019 5:37 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1477
Views: 406833

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: 15
Views: 5177

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: 1477
Views: 406833

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: 15
Views: 5177

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: 32
Views: 20181

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: 15
Views: 5177

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: 32
Views: 20181

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: 15
Views: 5177

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
by jimtan
Mon Apr 01, 2019 5:57 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1477
Views: 406833

Re: Climate Warming is coming to BC

It's official … "Climate change is warming Canada at a rate twice as fast as the global average, federal report warns..." https://www.straight.com/news/1222111/climate-change-warming-canada-rate-twice-fast-global-average-federal-report-warns The wildfire season cost >$500m a year these days. Could g...
by jimtan
Wed Mar 20, 2019 5:25 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 32
Views: 20181

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

Ho Ho I'm cool. Let Trudeau help first time buyers. Fewer renters!!!!! "Federal budget's new housing affordability policy getting mostly positive reviews in B.C." https://www.cbc.ca/news/canada/british-columbia/paul-kershaw-budget-1.5063539 Just means that the high end (and detached houses) is still...
by jimtan
Tue Mar 12, 2019 6:40 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5177

Re: Did The Vancouver Foreign Buyers Tax Work?

Clear target here... "Over 11% of Vancouver condos have a non-resident owner, says new CMHC report … Tom Davidoff, the director of UBC's Centre for Urban Economics and Real Estate, says the report confirms what everyone already knows. "It's clear that the flow rate of money from outside of Vancouver...
by jimtan
Fri Feb 08, 2019 7:53 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5177

Re: Did The Vancouver Foreign Buyers Tax Work?

Yah! A combination of measures means ….. party!!!! "Vancouver Detached Market Climbs to 15 Months Worth of Inventory … When studying comparable sales it is safe to conclude luxury home prices are about 25% lower than peak prices achieved back in early 2016. Entry-level detached homes are not quite a...
by jimtan
Mon Jan 28, 2019 7:38 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 32
Views: 20181

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 d...
by jimtan
Tue Jan 08, 2019 9:42 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1477
Views: 406833

Re: Climate Warming is coming to BC

Here's the analytical proof. "B.C. scientists link catastrophic wildfires to human-caused climate change … “Researchers found that the extreme high temperatures were made 20 times more likely by human-induced climate change,” the release continues. “They also found the area burned seven to 11 times ...
by jimtan
Wed Dec 19, 2018 7:57 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5177

Re: Did The Vancouver Foreign Buyers Tax Work?

For those who think that foreigner buyers and money laundering didn't matter... "+Attorney General David Eby never knew about RCMP's secret report on money laundering until it became public …. Moreover, Eby said that lawyer Peter German also didn't know about the report, which purported that crime n...