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


Search found 3251 matches

by jimtan
Fri Nov 24, 2017 1:12 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 16
Views: 1538

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: 344

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
by jimtan
Fri Nov 17, 2017 9:29 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 63
Views: 2474

Re: Medium Term risks?

As our Steve notes, debt is thru the roof... "Canadian HELOC Debt up 500% since the Year 2000" http://vancitycondoguide.com/canadian-heloc-debt/ "Canada Accumulating Private Debt Faster Than Any Advanced Economy" http://vancitycondoguide.com/canada-accumulating-private-debt/ Facts
by jimtan
Tue Nov 14, 2017 8:46 am
Forum: Real Estate Talks
Topic: OSFI - Nee Mortgage Rules
Replies: 4
Views: 353

Re: OSFI - Nee Mortgage Rules

"Canada’s Housing Agency Targets Shadow Lenders as Debt Ratios Rise ... Insured mortgages in the two most expensive housing markets are dropping, Siddall said. In Toronto, insured loans comprised 16 percent of the market last year, compared to 27 percent in 2010 and in Vancouver, those figures ...
by jimtan
Fri Nov 10, 2017 8:50 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 115
Views: 4491

Re: Are interest rates finally going to rise?

"It's begun: Fed's unwinding of its epic balance sheet officially showing up in the data ... It's just the leading edge of more to come as the Fed gradually ramps up its effort to "normalize" its balance sheet. The Fed hasn't explicitly said what level it's aiming for, only that it wi...
by jimtan
Sat Nov 04, 2017 9:43 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 16
Views: 1538

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

It must be bad when a weak bull crack like a rotten egg. Hope he didn't buy near the high.  :roll: Meanwhile, back on topic. Thousands of units will be returned to genuine renters. "Yaletown condo strata files class-action lawsuit against Airbnb Suit alleges the site has profited from unauthori...
by jimtan
Fri Nov 03, 2017 6:58 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 16
Views: 1538

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

Once again, a demonstration that yz is analytically challenged. But, he does have a certain rudeness that is impressive for a yahoo.
by jimtan
Thu Nov 02, 2017 9:08 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 16
Views: 1538

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

CoV is doing a great job on condo...

viewtopic.php?f=8&t=129673

Meanwhile...
by jimtan
Fri Oct 27, 2017 8:22 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1465
Views: 309052

Re: Climate Warming is coming to BC

Heads Up ... "China Fossil Fuel Deadline Shifts Focus to Electric Car Race ... The world’s second-biggest economy, which has vowed to cap its carbon emissions by 2030 and curb worsening air pollution, is the latest to join countries such as the United Kingdom and France seeking to phase out veh...
by jimtan
Sun Oct 15, 2017 7:51 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 16
Views: 1538

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

We know that Mayor Sunshine has done a full job on the Cambie Corridor... http://www.realestatetalks.com/viewtopic.php?f=8&t=129673 However, the voters don't think that this will be enough.  Yesterday, the Vision Vancouver candidate was fifth in the by-election for city councillor. Behind NPA, J...
by jimtan
Sun Oct 15, 2017 11:54 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 7
Views: 344

Re: Did The Vancouver Foreign Buyers Tax Work?

Obviously, I touched a nerve among the deniers. Obviously, some markets have not returned to 'normal'. So, the foreign tax has worked. Any half wit knows that the withdrawal of money from a market will weaken the demand. Check out the charts below. There are good things in 2018 and 2019. Ottawa is g...
by jimtan
Sat Oct 14, 2017 11:57 am
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 63
Views: 2474

Re: Medium Term risks?

Canada First ... "Canada moves toward buying Australian fighter jets, upping ante in trade dispute with Boeing" https://ca.news.yahoo.com/canada-moves-toward-buying-australian-090000148.html Should free trade become less free, this will have negative economic consequences for each country ...
by jimtan
Thu Oct 12, 2017 6:15 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 7
Views: 344

Did The Vancouver Foreign Buyers Tax Work?

"Did The Vancouver Foreign Buyers Tax Work? ... Further, detached house flipping has been nearly cut in half. In 2016, Vancouver detached houses being flipped within one year made up 4.46% of sales, and reached 8.1% over a two year window. It has since dropped to 2.29% and 5.7% respectively.......
by jimtan
Wed Oct 11, 2017 12:17 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 115
Views: 4491

Re: Are interest rates finally going to rise?

Right! What happens in the States will never affect Canada because it is in a universe of its own.

BTW, where were you during the financial crisis of 2008-9?

Yes, Canada banks fund their ten year mortgages from domestic deposits. Right!
by jimtan
Tue Oct 10, 2017 6:49 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 115
Views: 4491

Re: Are interest rates finally going to rise?

eyesthebye2 wrote:
Of course, why make this clear when your goal is to be alarmist. Let's just borrow and obfuscate any negative news we can find

Are you using the word 'obfuscate' correctly? Strange coming from a cherry picker like you?