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


Search found 3330 matches

by jimtan
Mon Apr 01, 2019 5:57 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 463659

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: 34
Views: 37716

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: 16
Views: 20450

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: 16
Views: 20450

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: 34
Views: 37716

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: 1478
Views: 463659

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: 16
Views: 20450

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...
by jimtan
Tue Dec 11, 2018 2:28 pm
Forum: Real Estate Talks
Topic: Chinese going to come down hard on Vancouver
Replies: 1
Views: 7367

Re: Chinese going to come down hard on Vancouver

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
by jimtan
Thu Dec 06, 2018 7:57 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 463659

Re: Climate Warming is coming to BC

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...
by jimtan
Thu Nov 29, 2018 7:57 am
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 463659

Re: Climate Warming is coming to BC

"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...
by jimtan
Wed Nov 14, 2018 6:04 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 37716

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

Big drop coming...


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

https://vancitycondoguide.com/fraser-va ... n-october/
by jimtan
Wed Oct 10, 2018 7:21 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 34516

Re: Is the boom over?

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...
by jimtan
Wed Oct 03, 2018 8:29 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 53563

Re: Are interest rates finally going to rise?

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...
by jimtan
Thu Sep 27, 2018 7:00 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 20450

Re: Did The Vancouver Foreign Buyers Tax Work?

Left and right hooks … "Province tackles dirty money in real estate with 2-point plan Horse racing, luxury cars also in the crosshairs on the heels of Peter German report into money laundering..." https://www.cbc.ca/news/canada/british-columbia/province-tackles-dirty-money-in-real-estate-with-2-poin...
by jimtan
Thu Sep 06, 2018 6:48 pm
Forum: Real Estate Talks
Topic: Vancouver Detached Sales hit 27 year low
Replies: 6
Views: 9873

Re: Vancouver Detached Sales hit 27 year low

"August Sees Fewest Vancouver Detached Home Sales in 27 Years


….For illustrative purposes, here’s the 3 month rolling average, which shows detached prices in Vancouver peaked in April 2016 and have since declined 18%"

http://vancitycondoguide.com/august-few ... ome-sales/