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


Search found 3330 matches

by jimtan
Tue Apr 24, 2018 12:08 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 37785

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

Heads Up

"B.C. government gives cities power to establish rental-only zoning

Bill would give municipalities jurisdiction to set boundaries, including grandfathering-in current rentals..."

http://www.cbc.ca/news/canada/british-c ... -1.4633273
by jimtan
Mon Apr 09, 2018 12:19 am
Forum: Real Estate Talks
Topic: Vancouver Detached Sales hit 27 year low
Replies: 6
Views: 9890

Re: Vancouver Detached Sales hit 27 year low

Meanwhile... "Bidding Wars Still Prevalent in Vancouver Condo Market ... Luckily for condo buyers, relief is on the way. Completions of new construction condos are ramping up. The twelve month rolling average of unit completions hit a record high in February of 23,623 units. Purchasers of these unit...
by jimtan
Thu Apr 05, 2018 6:50 am
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 464113

Re: Climate Warming is coming to BC

"'It's not impossible': Western Canada's risk of water shortages rising Communities where water has been plentiful are not immune to water crises as climate changes... Three years of drought mean Cape Town could become the first major city in the world to run out of water. As the countdown to "Day Z...
by jimtan
Wed Apr 04, 2018 10:00 am
Forum: Real Estate Talks
Topic: Vancouver Detached Sales hit 27 year low
Replies: 6
Views: 9890

Re: Vancouver Detached Sales hit 27 year low

It's working like it should. Well done Vancouver and Victoria.

How about Toronto?

http://www.trebhome.com/market_news/hou ... /index.htm

As affordability falls to the worst level since 1989, sales to new listings is just 50%. Can't be long before we see some real price declines.

:mrgreen:
by jimtan
Sat Mar 17, 2018 1:08 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 34571

Re: Is the boom over?

"These Charts Show Higher Canadian Rates Are Starting to Bite ... Mortgage interest payments rose 3.7 percent in the fourth quarter, the fastest pace since 2007, according to Statistics Canada data. That compares with 1.3 percent growth in disposable income over the same period. “We don’t think this...
by jimtan
Mon Mar 12, 2018 1:05 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 45300

Re: Speculation tax ! Finally

This article nails it. The daft NDP has to stop attacking demand. We need more supply. Municipal approvals are way to slow. Their bottle neck is causing the price surges. The NDP  and Greens will kill real estate here and the economy.  https://biv.com/article/2018/03/foreigners-perspective-bc-budge...
by jimtan
Mon Mar 12, 2018 5:17 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 53643

Re: Are interest rates finally going to rise?

"Bond Traders Haven't Been So Leery of U.S. Auctions Since the Crisis .... While there’s no danger of the U.S. being unable to borrow as much as it needs, over the past two years, the drop-off has been unmistakable. Based on the number of bids that investors submitted versus the amount sold, average...
by jimtan
Wed Mar 07, 2018 5:08 am
Forum: Real Estate Talks
Topic: What just happened?
Replies: 55
Views: 26388

Re: What just happened?

"HOME wreckers: B.C. cancels loan program for first-time homebuyers ...The province announced today that it will cancel HOME — formally the B.C. Home Owner Mortgage and Equity Partnership program — a government loan program that aimed to help first-time homebuyers get into the B.C. housing market. H...
by jimtan
Tue Mar 06, 2018 6:53 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 34571

Re: Is the boom over?

Here? Late-comers get burned. "Toronto Home Sales Remain Depressed as Prices Begin Stabilizing ... sales in Canada’s once-hot housing market fell 35 percent from a year earlier to 5,175 units, according to data released Tuesday by the Toronto Real Estate Board. It was the weakest month of sales for ...
by jimtan
Mon Feb 26, 2018 8:47 am
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 464113

Re: Climate Warming is coming to BC

"Oxygen disappearing from world's oceans, including Canada's Levels in lower depths of Gulf of St. Lawrence have dropped by 55 per cent since 1930 ...  In the Gulf of St. Lawrence, oxygen in the lower depths has dropped by 55 per cent since 1930. "It's huge," said Gilbert. "We're already losing cod ...
by jimtan
Wed Feb 21, 2018 12:12 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 45300

Re: Speculation tax ! Finally

Speculation tax on +$3m properties. Yaaaaaaahh!
by jimtan
Sat Feb 17, 2018 1:05 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 37785

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

Take this land speculators ... "Rental-only zoning would help supply if done correctly, says developer Developer Aly Jiwan is optimistic that cities will now be able to zone for rental-only developments In the B.C. government's throne speech this week, there were many promises about how the new NDP ...
by jimtan
Wed Feb 14, 2018 6:26 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 34571

Re: Is the boom over?

"A fundamental change is underway in the financial markets, and it will not be pleasant ... The Federal Reserve has put in place two new policies. The first has lowered the annual growth in the money supply (M2 SA) to 4 percent from what was touching 8 percent, 15 months ago, and over 10 percent, si...
by jimtan
Fri Feb 09, 2018 9:45 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 72
Views: 34931

Re: Medium Term risks?

Huge risk ahead “Stock and bond markets are doing a strange thing that is reminiscent of the 1987 crash … Rosenberg cited how bonds rallied during the last financial crisis in 2008 when the market fell and during other big corrections. "But not this time. This rare occurrence of bond yields rising e...