Real Estate Talks

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 ...

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...

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...

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.

Heads Up...

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

https://www.straight.com/news/1246261/b ... sing-stock

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

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...