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tdma800
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Re: Poll shows complex Vancouver real estate market

Fri Jun 17, 2016 6:46 am

There are plenty of places to live in Vancouver, both with roommates and without. 0.5% means nothing
 
whattodo
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Re: Poll shows complex Vancouver real estate market

Fri Jun 17, 2016 9:14 am

I don't think the troll lives here either. He types out nonsense. He types out non-Canadian things such as when he said UNrealized (unsold) capital gains on stocks are taxed! :roll:

Now he thinks 0.5% vacancy rate for rentals is a high number. :shock:

Reminds me of a woman I worked with once that was so clueless & useless. But, here husband said she was the smartest person he ever met. Ignorance is bliss tdma.

Have a great day.
 
tdma800
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Re: Poll shows complex Vancouver real estate market

Fri Jun 17, 2016 9:29 am

vacancy rates are only rental buildings and there are plenty of other legally zoned options available for rent that are not listed. don't live in downtown then duh.
 
reallyreal2
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Re: Poll shows complex Vancouver real estate market

Fri Jun 17, 2016 11:12 am

I don't think the troll lives here either. He types out nonsense. He types out non-Canadian things such as when he said UNrealized (unsold) capital gains on stocks are taxed! :roll:

Now he thinks 0.5% vacancy rate for rentals is a high number. :shock:

Reminds me of a woman I worked with once that was so clueless & useless. But, here husband said she was the smartest person he ever met. Ignorance is bliss tdma.

Have a great day.
why isn't tdma banned yet?
 
tdma800
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Re: Poll shows complex Vancouver real estate market

Fri Jun 17, 2016 11:22 am

Educated citizens know that there are many places in Vancouver to rent and the vacancy rate means nothing
 
jimtan
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Re: Poll shows complex Vancouver real estate market

Sat Jun 18, 2016 9:48 pm

Educated citizens know that there are many places in Vancouver to rent and the vacancy rate means nothing
It means nothing to you because you don't live here. :roll:

There are no simple answers. A broad mix of policy changes is needed.

"Study finds foreign buyers impact Vancouver real estate but likely can't account for sky-high prices

A new research paper provides what is arguably the most precise data yet pointing to an impact of foreign money, but can’t account for the extent to which real-estate prices have increased in recent years

... From 1986 to its termination in 2014, the IIP served as an express lane for wealthy immigrants, allowing them to move to Canada in exchange for a five-year loan to the federal government of $800,000. An estimated 120,000 people used the IIP to relocate to British Columbia, according to one calculation by the South China Morning Post.

Pavlov and Somerville found that when the program was closed to new applicants in 2012, property prices in neighbourhoods preferred by Chinese immigrants declined by an average of 2.5 percent relative to non-Chinese neighbourhoods. (Such areas were identified with data from the 2011 census.)

... Pavlov listed a number of other factors he suggested are contributing to Metro Vancouver’s hot market. He said those forces include low mortgage rates, low property taxes, burdensome development-permit processes, and infrastructure shortcomings that slow the construction of housing throughout the larger region. He also did not discount the impact of foreign money, stating that it certainly has an effect, though exactly how great remains unknown. (On June 15, the Straight reported that speculative buyers also likely have an increasingly strong hand in the Vancouver market.)

... A March 2016 study commissioned by the City of Vancouver found that single-family and duplex homes have a vacancy rate of just one percent, suggesting that foreigners living abroad are not buying homes and leaving them empty, as some reports have suggested.

http://www.straight.com/news/720471/stu ... t-sky-high
 
tdma800
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Re: Poll shows complex Vancouver real estate market

Sat Jun 18, 2016 9:58 pm

Every response is basic and concise. A single regulatory alteration is required. Increase more zoning and allow people to build more. The vacancy rate hasn't any meaning. There are many ways people can come to Canada, whether as an immigrant or otherwise.
 
jimtan
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Re: Poll shows complex Vancouver real estate market

Thu Jun 23, 2016 7:55 pm

What a fool. :mrgreen:

The first domino falls. Brexit by a hair. Sterling collapses. You heard it first on this forum.

Meanwhile, don't worry.

"Canadian banks could survive a 25% house price decline, Moody's says"

http://www.cbc.ca/news/business/canada- ... -1.3643793
Last edited by jimtan on Thu Jun 23, 2016 8:00 pm, edited 1 time in total.
 
jimtan
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Re: Poll shows complex Vancouver real estate market

Fri Jun 24, 2016 6:09 pm

Told you!

The UK is in a mess. Negotiations with the EU will drag on for years. But, the UK political establishment is undone. The only party (UKIP) supporting Brexit has only one MP. The Conservative Party's PM has resigned, and the party is deeply divided. The Labour Party is led by a far left guy who wants to maintain solidarity with the workers of Europe. But, the strongest supporters of Brexit are his working class!

The Scot nationalists will want another referendum because the Scots want to stay in the EU. Will Northern Ireland join the Irish Republic? Who's the next EU member to exit? Greece?

Meanwhile, EU citizens in UK are hanging in the air. Same for UK retirees living in France. The vast international financial community in London will be devastated. UK exporters should gain, but will England retain Common Market status?

Who's the next domino? The center does not hold. It has also failed in the States. Trump and Sanders don't have to win in order to affect free trade. Who has the biggest trade surplus in the entire world?

In the next few years, we will need leadership on the scale of Harry Truman and the Marshall Plan. Unfortunately, Hillary Clinton is not the right person.

“A Brexit vote to settle 1 party's rift creates multitude of others: Nahlah Ayed

… The referendum Prime Minister David Cameron had promised would settle a rift within his own Conservative party had by this morning created a multitude of rifts.

Cameron's giant gamble also now looks set to be the undoing of two unions: one of which he tried to salvage in vain and the other is the country he will soon no longer lead....”

http://www.cbc.ca/news/world/brexit-nah ... -1.3650720

Canada is likely to be collateral damage as natural resources take a dive. Banks have passed the stress test. But, there's a huge overhang of debt. Interest rates are low, but that doesn't help when the fundamentals change. That is, demand contraction. :!:
 
tdma800
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Re: Poll shows complex Vancouver real estate market

Fri Jun 24, 2016 6:41 pm

vancouver's market will benefit from the UK mess
 
jimtan
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Re: Poll shows complex Vancouver real estate market

Tue Jun 28, 2016 2:13 pm

The economic consequences will be severe for the UK. Will the Europeans allow Britain to remain in the Common Market if they don't want to follow the same rules?

However, Brexit is the symbol of a greater social/political problem. With the potential to change the world as we know it.

The world has prospered greatly since WW2 because of free trade (comparative advantage), and increased migration (greater productivity) to rich countries. The growing world economy has resulted in the new China, and waves of immigrants.

In addition, the mess in the Middle East has resulted in anti-Islamic sentiments, and masses of refugees. Now, we have the blow back as America and Europe are increasingly hostile to foreigners.

In parallel, tax reforms in the States has made the rich richer. So, the Occupy Wall Street movement and now the Bernie Saunders surge. The unrest has moved from the fringe to the center.

Donald Trump's solution is to blame everything on foreigners. Bernie would blame it on the rich. Neither are right. But, their constituents will have an impact on American policy.

As the old order erodes, there will be threats to free trade and legal immigration. So, prosperity in the long term will be lost.

In Canada, the fallout will be poorer economic performance. In Vancouver, anti-foreigner sentiment will turn to anti-immigration anger. Same as the UK.

So, the fundamentals change. Watch the UK realty market. Will it rise or fall after Brexit?
 
eyesthebye2
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Re: Poll shows complex Vancouver real estate market

Tue Jun 28, 2016 5:15 pm

So much for market crashing due to Brexit. Tow days of modest losses...much ado
 
jimtan
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Re: Poll shows complex Vancouver real estate market

Sat Jul 02, 2016 7:59 am

So much for market crashing due to Brexit. Tow days of modest losses...much ado
Much of the European and USA stocks have recovered, except for the European banks. However, no surprise. There are no details yet. The Brexit side has no plan. Over time, we will have to see how much the UK shrinks. Whether the remainder of the UK will be willing to pay the price for access to the common market.

The pain will be felt mainly by the British.

What is noteworthy is that China is still stalled. Asian stock markets are far off their highs. Equally important is the financial panic after the referendum. The markets are ready to run. What's the next domino? :!:
 
tdma800
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Re: Poll shows complex Vancouver real estate market

Wed Jul 13, 2016 9:51 am

So much for market crashing due to Brexit. Tow days of modest losses...much ado
one of the other things is challenged individuals do not know that most countries that matter are moving forward, especially in Asia.
 
rofina
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Re: Poll shows complex Vancouver real estate market

Fri Jul 15, 2016 6:58 am

So much for market crashing due to Brexit. Tow days of modest losses...much ado
one of the other things is challenged individuals do not know that most countries that matter are moving forward, especially in Asia.
Word.

A trillion dollar European trading block falling apart is indeed of little importance to the world.

Keep up the good work.

:lol:

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