Real Estate Talks

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.

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

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...

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...

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...

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...

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...

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 ...

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...

One family (not real permanent residents) own $16m worth of SFH! This won't help the local speculators …

"Detached home prices are descending rapidly in Vancouver"

https://www.straight.com/news/1176056/d ... -vancouver

As a follow up to the previous post, there are consequences for the Vancouver waterfront. That's why I moved away from False Creek. At King Tide, the water is already within a coupe of feet from street level. Some carparks are going to get flooded. "King tide floods part of Vancouver's seawall, offe...

"World Meteorological Association says temperatures will rise up to 5 °C by end of century if current trend continues … "We are the first generation to fully understand climate change and the last generation to be able to do something about it." That's the warning from World Meteorological Associati...

Big drop coming...


"Fraser Valley Condo Sales Drop 50%, Inventory Rises 153% in October"

https://vancitycondoguide.com/fraser-va ... n-october/

While the bulls erase their posts, here's something to chew on … "Vancouver Detached Average Sales Price Sinks 19.7% in September … Price declines are becoming more prominent. The average sales price of a detached home in Vancouver registered a 19.7% decline in September. The median sales price repo...

Looks like interest rates are rising and … "Vancouver Condo Inventory Jumps 73% as Sales Fall to Six Year Low … With sales just 3% higher than September 2008, when the global financial system was completely falling apart, the slowdown this year comes amidst relatively healthy and stable economic con...