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


Search found 3275 matches

by jimtan
Wed Feb 21, 2018 12:12 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 11
Views: 412

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: 23
Views: 2878

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...
by jimtan
Wed Feb 14, 2018 6:26 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 23
Views: 1720

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 percen...
by jimtan
Fri Feb 09, 2018 9:45 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 69
Views: 4148

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 ris...
by jimtan
Wed Feb 07, 2018 6:52 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 69
Views: 4148

Re: Medium Term risks?

"UBCM suggests increase and expansion outside Metro Vancouver of foreign home buyer tax"


https://www.straight.com/news/1027446/u ... -buyer-tax
by jimtan
Sat Feb 03, 2018 10:09 pm
Forum: Real Estate Talks
Topic: New Commercial Building
Replies: 1
Views: 159

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: 23
Views: 2878

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: 69
Views: 4148

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 ...
by jimtan
Mon Jan 22, 2018 7:47 am
Forum: Real Estate Talks
Topic: Why use metal cladding for the building exterior?
Replies: 3
Views: 238

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: 119
Views: 7559

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: 1467
Views: 317546

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: 23
Views: 1720

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: 23
Views: 1720

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: 69
Views: 4148

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...