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


Search found 3329 matches

by jimtan
Sat Feb 03, 2018 10:09 pm
Forum: Real Estate Talks
Topic: New Commercial Building
Replies: 1
Views: 2604

Re: New Commercial Building

What's the end use? You should consult a broker if you intend to operate the building.
by jimtan
Thu Feb 01, 2018 8:59 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 26844

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

"B.C. real-estate sales to foreign buyers relatively low and stable since tax introduced in 2016"

https://www.straight.com/news/1025701/b ... duced-2016
by jimtan
Sun Jan 28, 2018 9:28 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 72
Views: 21345

Re: Medium Term risks?

"Vancouver’s Luxury Real Estate Market Slows As China Curbs Outflows ... China’s capital outflows fell precipitously in 2017. According to a report from Pictet Wealth Management, capital outflows fell by 67% last year from $500B $166B USD. That’s an even bigger drop from peak outflows of $761B USD i...
by jimtan
Mon Jan 22, 2018 7:47 am
Forum: Real Estate Talks
Topic: Why use metal cladding for the building exterior?
Replies: 6
Views: 4092

Why use metal cladding for the building exterior?

Hello RE experts. I've just moved into my new place and have a question.

Part of the building exterior has metal panels. What is the advantage of the metal panels? Cost, durability? Rain screening?

Doesn't the bolts rust etc?

Thanks for your thoughts.
by jimtan
Fri Jan 19, 2018 6:59 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 35629

Re: Are interest rates finally going to rise?

Rates are up. Prime is now 3.45% (highest since 2009). Didn't someone say that mortgages will never reach 5%? Fact is that they are currently stress testing at the 5% mark. “Canadian Banks Hike Mortgage Rates to Start 2018 … For example, despite getting a variable rate mortgage for say 2.5%, the bor...
by jimtan
Tue Jan 16, 2018 4:12 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 441091

Re: Climate Warming is coming to BC

We're not going to reach the targets for the Paris Accord...

"25% of Earth will be drier even if Paris climate targets met, study predicts"


https://ca.news.yahoo.com/25-earth-drie ... 22554.html
by jimtan
Wed Jan 10, 2018 9:32 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 20696

Re: Is the boom over?

Some of us were partially correct ... "Vancouver Real Estate Year In Review 2017 ... The average sales price of a detached home fell 6.5% in 2017 from $2,825,000 to $2,642,000. The median sales price dropped 13% from $2,300,000 to $1,999,000. Again these metrics are not perfect, most of the price mo...
by jimtan
Sun Jan 07, 2018 10:01 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 20696

Re: Is the boom over?

"Toronto Home Prices Fall for Seventh Month as Lending Tightens"


https://www.bloomberg.com/news/articles ... g-tightens
by jimtan
Thu Jan 04, 2018 8:29 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 72
Views: 21345

Re: Medium Term risks?

Got a call from my realtor last month. Said that this was the last chance to get a quick sale before the new rules take effect January 1st. No surprise that there would be a svaage backlash from governments when speculation runs wild. " Vancouver's tough real estate market just got a little tougher ...
by jimtan
Sun Dec 31, 2017 9:28 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 26844

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

Happy New Year "Vancouver Condo Flipping Hits 9 Year High ...  With just a few weeks left in the year, there have been 685 Vancouver condos flipped this year. That’s a staggering 74% increase from the year previous. The 685 condos flipped is equivalent to 10.9% of all Vancouver condo sales this year...
by jimtan
Thu Dec 28, 2017 4:07 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 20696

Re: Is the boom over?

thanks to hard working Steve. 

"Canadian Real Estate Charts to Watch In 2018"

http://vancitycondoguide.com/charts-to-watch-2018/


Plenty of interesting charts. But, the chart to watch is this...
by jimtan
Sun Dec 24, 2017 10:00 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 20696

Re: Is the boom over?

Just like the Japanese before their bubble burst. In 1991 They paid record amounts for real estate and works of art. Then, bang! “White Spot site sale rings in at $245M, set for residential development The large plot of land on West Georgia Street has been sold to Carnival International Holdings Ltd...
by jimtan
Tue Dec 19, 2017 8:24 am
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 441091

Re: Climate Warming is coming to BC

In 2010, I was on a cruise/tour to Denali National Park. Told a bunch of Americans that the sunbelt was toast. They didn't believe me. “Houses built too close to bush spread huge California fires on 'front line of climate change' State's 'new normal' is a fire season 70 days longer than just 15 year...
by jimtan
Thu Dec 14, 2017 4:22 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 72
Views: 21345

Re: Medium Term risks?

As expected, Trump goes rogue. In areas beyond his competence, he makes high risk bets. The possible consequences are terrifying. Trump is gambling that the Palestinians will have no sponsors after he buys off the Saudi. Apparently not. There's the Muslim fundamentalists in Turkey and Egypt, As well...
by jimtan
Mon Dec 11, 2017 1:12 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 26844

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

No surprise here...

"Province acts to stop landlords from raising rents based on higher rates in an area"

https://www.straight.com/news/1006241/p ... rates-area



Pity all those new owners of old apartment blocks. Being a landlord is never easy.