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


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by jimtan
Thu Sep 06, 2018 6:48 pm
Forum: Real Estate Talks
Topic: Vancouver Detached Sales hit 27 year low
Replies: 5
Views: 1166

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/
by jimtan
Thu Aug 23, 2018 4:13 pm
Forum: Real Estate Talks
Topic: Vancouver Detached Sales hit 27 year low
Replies: 5
Views: 1166

Re: Vancouver Detached Sales hit 27 year low

More demand for detached. Then, more supply...

"Vancouver plan to mass rezone 67,000 single-family lots for duplexes up for public hearing"

https://www.straight.com/news/1120651/v ... ic-hearing
by jimtan
Thu Aug 16, 2018 2:35 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 51
Views: 5027

Re: Is the boom over?

Flash - SFH down double digit YoY

"Point Grey single-family home prices fall 12.8 percent in a year; Dunbar detached homes down 14.1 percent"

https://www.straight.com/news/1117541/p ... homes-down
by jimtan
Mon Jul 30, 2018 8:17 am
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1471
Views: 335130

Re: Climate Warming is coming to BC

FYI " 2018 Japan heat wave... On 15 July, 200 out of 927 stations in the nationwide observation network recorded maximum temperatures exceeding 35 °C (95.0 °F).[2] On 23 July, a high temperature of 41.1 °C (106.0 °F) was observed in Kumagaya, 65 km (40 mi) northwest of Tokyo. This constitutes an all...
by jimtan
Thu Jul 26, 2018 1:20 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 72
Views: 6563

Re: Medium Term risks?

The blow back against foreign buyers continues...

"Chinese developer offers Vancouver buyers first crack at new downtown condo tower"

https://www.straight.com/news/1108121/c ... ondo-tower
by jimtan
Mon Jul 09, 2018 7:20 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 27
Views: 5680

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

"Are Vancouver's sky-high rents finally falling? Data analyst Louie Dinh's latest report might be good news for renters ... In fact, his latest analysis of thousands of listings shows:  One-bedroom units have dropped 2.7 per cent since last month. Two-bedroom units have dropped 3.2 per cent. Three-b...
by jimtan
Thu Jun 28, 2018 11:16 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 51
Views: 5027

Re: Is the boom over?

IT HAS FINALLY HAPPENED... "Greater Vancouver Condo Market Has Finally Shifted... Condo inventory has climbed higher each month following a ten year low registered in December 2017. While the recent uptick is part of a seasonal trend, the year over year increases have been far from normal. Condo inv...
by jimtan
Sat Jun 16, 2018 9:16 am
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1631

Re: Trends for 2018

Steve is working hard...  "Canada’s Real Estate Sector Faces Difficult Transition" http://vancitycondoguide.com/canada-real-estate-sector-transition/ "Vancouver Detached Sales Drop 39% In May" http://vancitycondoguide.com/vancouver-detached-sales-may/ "Canada & China to Share Tax Information Startin...
by jimtan
Thu Jun 07, 2018 8:00 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 51
Views: 5027

Re: Is the boom over?

The governments are trying to reduce speculation... "Broadway subway may significantly alter Vancouver's urban fabric ... A policy report is expected to be released sometime in June with details about how speculation will be curbed on West Broadway. The goal is “to preserve affordable and rental hou...
by jimtan
Thu May 31, 2018 8:27 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 27
Views: 5680

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

Bad news for cheaters.... "Vancouver issues over 900 licences to homeowners and tenants running Airbnb short-term rentals ... The city also announced in the news release that it is “actively investigating over 1,500 listings which appear to be illegal”. “These include commercial operations and illeg...
by jimtan
Wed May 23, 2018 6:30 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1471
Views: 335130

Re: Climate Warming is coming to BC

This is just in ...


""Surrey hatching plan to buy out 400 Crescent Beach homes as sea levels rise

As climate change progresses, Crescent Beach 'would turn into a wetland,' engineer says"

http://www.cbc.ca/news/canada/british-c ... -1.4675432
by jimtan
Sun May 20, 2018 7:42 pm
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1631

Vancouver Pre Sale Condo Market Cools In April

"Vancouver Pre Sale Condo Market Cools In April ... Vancouver lawyer Richard Bell, executive vice-chair and founder of Avesdo Inc., told a real estate seminar May 8 that the Vancouver new home market has seen an “incredible run over the past 10 to 15 years.” But, he added, “We all knew it would come...
by jimtan
Sun May 13, 2018 11:08 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 51
Views: 5027

Re: Is the boom over?

Finally, condoland's turn for a cold shower...

" Vancouver Condo Market Goes Flat in April"

http://vancitycondoguide.com/vancouver- ... -in-april/

Prime selling season it is not.  :mrgreen:
by jimtan
Wed May 09, 2018 7:14 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 51
Views: 5027

Re: Is the boom over?

It is what it is... "Vancouver Luxury Property Is North America’s Worst Performer ... Prices at the top end of the market plunged 7.6 percent in the six months to March, making it the world’s second-worst performer during that period, according to the latest global survey of prime properties by Knig...
by jimtan
Wed May 09, 2018 7:11 am
Forum: Real Estate Talks
Topic: Why use metal cladding for the building exterior?
Replies: 6
Views: 838

Re: Why use metal cladding for the building exterior?

Use Metal Cladding for building exterior not only for justfor durability and strength but also for unique looks, quick installation, and lightweight. They also have variety Range of Styles and colors.
Thanks