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


Search found 3264 matches

by jimtan
Tue Jan 16, 2018 4:12 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1467
Views: 312662

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: 12
Views: 859

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 pri...
by jimtan
Sun Jan 07, 2018 10:01 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 859

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: 66
Views: 3145

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. " [size=175]Vancouver's tough real estate market just go...
by jimtan
Sun Dec 31, 2017 9:28 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 19
Views: 2109

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...
by jimtan
Thu Dec 28, 2017 4:07 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 859

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: 12
Views: 859

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: 1467
Views: 312662

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: 66
Views: 3145

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: 19
Views: 2109

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/province-acts-stop-landlords-raising-rents-based-higher-rates-area Pity all those new owners of old apartment blocks. Being a landlord is never ea...
by jimtan
Fri Dec 08, 2017 8:50 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 859

Re: Is the boom over?

Looks like the market is stabilizing. Still, the anti-bubble measures have yet to take effect. This would be serious... "Mortgage Stress Test Could Eliminate 12% of Vancouver Buyers" http://vancitycondoguide.com/boc-financial-review/ "New mortgage stress test rules will block 50,000 p...
by jimtan
Mon Dec 04, 2017 8:38 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 859

Is the boom over?

Steve has done his analysis... "Total Dollars Spent on Vancouver Real Estate Drops 15% This Year" http://vancitycondoguide.com/dollars-spent-vancouver-real-estate/ An important indicator is the lack of momentum in detached housing in land scarce Vancouver. See the attached chart. Dollar sa...
by jimtan
Mon Nov 27, 2017 10:03 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 66
Views: 3145

Re: Medium Term risks?

As I have pointed out repeatedly, the time will come when the tide will turn. There is now so much anguish that there is a political backlash. The politicians have discovered the will to act. The first chart shows the dramatic improvement in 2016 housing starts. The Federal and provincial government...
by jimtan
Fri Nov 24, 2017 1:12 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 19
Views: 2109

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

As I have pointed out repeatedly, the time will come when the tide will turn. There is now so much anguish that there is a political backlash. The politicians have discovered the will to act. The first chart shows the dramatic improvement in 2016 housing starts. The Federal and provincial government...
by jimtan
Tue Nov 21, 2017 9:27 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 7
Views: 541

Re: Did The Vancouver Foreign Buyers Tax Work?

Bye Bye

"Foreign buyers overlooking Vancouver, heading to Seattle at 'frenetic' pace"

http://www.cbc.ca/news/canada/british-c ... -1.4398594