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


Search found 155 matches

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by scoobydoo
Sun Sep 25, 2016 4:42 pm
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 95448

Re: Should the government intervene?

Geyser, hasn't supply been actually outpacing population growth for Vancouver for the last few years? If that is the case, then it would make more sense to dampen demand by way of eliminating some or all the programs aimed at making it easier for individuals to buy. But we all know, this isn't the m...
by scoobydoo
Sat Aug 20, 2016 11:39 am
Forum: Real Estate Talks
Topic: China warns Vancouver bubble
Replies: 25
Views: 7480

Re: China warns Vancouver bubble

What happened between 1982 and 2005? That seems rather selective. I just used 10 years of data leading up to the real estate market that some misguided posters refer to (1982) and 10 years before now. No comparison I can see that. My question was more a case of what were the levels of immigration d...
by scoobydoo
Fri Aug 19, 2016 1:18 pm
Forum: Real Estate Talks
Topic: China warns Vancouver bubble
Replies: 25
Views: 7480

Re: China warns Vancouver bubble

What happened between 1982 and 2005? That seems rather selective.
by scoobydoo
Mon Jul 25, 2016 9:37 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 95448

Re: Should the government intervene?

Boom! http://www.news1130.com/2016/07/25/bc-brings-in-15-property-tax-for-foreign-buyers/ METRO VANCOUVER (NEWS 1130) – Foreign owners who buy Metro Vancouver residential real estate will have to pay a lot more in provincial property transfer tax. The BC government is bringing in a 15 per cent tax o...
by scoobydoo
Mon May 23, 2016 9:32 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1387702

Re: Vancouver indvidual property sales details

Vancouver is not kind to low income seniors who rent
Nor is kind to "average" income earners who are wanting to purchase.
by scoobydoo
Tue May 10, 2016 8:11 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1387702

Re: Vancouver indvidual property sales details

Do the calc again and you'll see that the price gap hasn't changed at all.
It's probably best to take your own advice... :wink:
by scoobydoo
Mon Apr 18, 2016 1:12 pm
Forum: Real Estate Talks
Topic: Are Laneway Houses worth it?
Replies: 31
Views: 13923

Re: Are Laneway Houses worth it?

Cap tax exempt provided you don't claim CCA and a few other minor details. True story.
It is true, but that's a big proviso.
by scoobydoo
Tue Feb 02, 2016 9:54 am
Forum: Real Estate Talks
Topic: New to Real Estate (Vancouver) - Need Strategic Advice
Replies: 117
Views: 42390

Re: New to Real Estate (Vancouver) - Need Strategic Advice

If you are making 200K a year, then you CAN afford a house in the immediate LM
That's a big if.
by scoobydoo
Thu Jan 07, 2016 9:00 am
Forum: Real Estate Talks
Topic: Sale price understated on homes being sold
Replies: 18
Views: 9731

Re: Sale price understated on homes being sold

On the surface, I don't think there is anything illegal about the following scenario : - buyer agrees to buy 1M home for 950K (artificially low) - buyer hires seller on a "personal services" contract to do 50K worth of renovations to the home before occupancy - seller doesn't do the renovations, bu...
by scoobydoo
Thu Jan 07, 2016 7:25 am
Forum: Real Estate Talks
Topic: New to Real Estate (Vancouver) - Need Strategic Advice
Replies: 117
Views: 42390

Re: New to Real Estate (Vancouver) - Need Strategic Advice

I know I shouldn't do this, but...
Dropping Canadian dollar makes properties cheaper for them
See this part of jimtan's comment.
Trillions lost world-wide.
by scoobydoo
Wed Dec 09, 2015 5:42 pm
Forum: Real Estate Talks
Topic: Eastside Townhouse sold for over 1 million
Replies: 14
Views: 7776

Re: Eastside Townhouse sold for over 1 million

1 million is not a lot
Is that you Donald?
by scoobydoo
Tue Nov 03, 2015 8:46 am
Forum: Real Estate Talks
Topic: the new west side
Replies: 11
Views: 7518

Re: the new west side

In a recent six-month period about 70 per cent of all detached homes sold on Vancouver’s west side were purchased by Mainland China buyers, an academic case study shows.Even more stunning, the study shows that of all self-declared occupations among owners — on homes worth an average $3.05 million —...
by scoobydoo
Tue Oct 13, 2015 12:03 pm
Forum: Real Estate Talks
Topic: What now? Transit referendum says 'Non'
Replies: 116
Views: 46078

Re: What now? Transit referendum says 'Non'

Remember to VOTE. Which party is going to provide funding fro infrastructure? It's as simple as ABC. :!:
It's not that simple. I prefer to base my decision on more than a single issue.
by scoobydoo
Tue Oct 13, 2015 11:44 am
Forum: Real Estate Talks
Topic: HUGE NEWS for older condos!
Replies: 10
Views: 8650

Re: HUGE NEWS for older condos!

Of course the downside is if the old building is in good shape, you aren't interested in accepting an over market offer and you don't want to move, you might be forced out by the other owners deciding it's time to dissolve the strata corporation. This is where it will be interesting to see how the ...
by scoobydoo
Fri Sep 25, 2015 1:30 pm
Forum: Real Estate Talks
Topic: Market Updates?
Replies: 48
Views: 27960

Re: Market Updates?

renting isn't very astute either. It can be depending on the scenario, as can be purchasing. It's all about the decisions that one makes. Think of how many hundreds of 1000s of $ I'd be out if I listened to fear mongering from bears like you. Fear mongering? Not quite. Just remember, don't count yo...
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