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


Search found 3229 matches

by jimtan
Wed Sep 20, 2017 11:24 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 105
Views: 3377

Re: Are interest rates finally going to rise?

Here we go. One more rate hike for Fed Reserve in 2017. Three rate hikes in 2018. More important, is the unwinding of QA... "The Fed’s New Dot Plot" https://www.bloomberg.com/graphics/fomc-dot-plot/ "Fed won't stop cutting back on stimulus unless economy hits another big downturn, Yel...
by jimtan
Mon Sep 18, 2017 7:39 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 6
Views: 818

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

Good for tenants. There's a program for 5-year transitional public funding. "B.C. NDP government bans corporate and union donations and introduces public subsidy for political parties" https://www.straight.com/news/968556/bc-ndp-government-bans-corporate-and-union-donations-and-introduces-...
by jimtan
Mon Sep 04, 2017 5:06 am
Forum: Real Estate Talks
Topic: Bombshell for some Airbnb users
Replies: 35
Views: 1481

Re: Bombshell for some Airbnb users

Beware "These homeowners faced an Airbnb nightmare as renters left them facing huge fines and angry neighbors Drew Grewal faced fines of nearly half a million dollars because his Miami Beach home was being listed illegally on Airbnb. In Miami Beach — as in New York, San Diego and many other U.S...
by jimtan
Thu Aug 31, 2017 1:09 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 59
Views: 1879

Re: Medium Term risks?

Something worth noting...

"Demand for Vancouver Detached Homes Continues to Shrink
By Steve Saretsky - August 22, 2017

Condos Continue to Increase Their Market Share of Total Sales; Detached Shrinking..."

http://vancitycondoguide.com/demand-vancouver-detached-shrinks/
by jimtan
Mon Aug 28, 2017 11:13 am
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1463
Views: 305763

Re: Climate Warming is coming to BC

The negative people south of the border can't change this... "World Coal Production Just Had Its Biggest Drop on Record ... Global consumption dropped 1.7 percent last year compared with an average 1.9 percent yearly increase from 2005 to 2015, according to BP. China, which accounted for about ...
by jimtan
Sun Aug 20, 2017 7:14 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 6
Views: 818

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

This is a surprise. Good for the tenanat friendly NDP... "B.C. NDP outpace Liberals in donations leading up to 2017 elections Attorney General David Eby says bill limiting corporate, union and individual donations coming this fall ...  The reports show that the NDP brought in a total of $9,442,...
by jimtan
Fri Aug 18, 2017 1:40 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 59
Views: 1879

Re: Medium Term risks?

More anti-foreign policies... "Regulate condo presales, Vancouver mayor tells province "We’ve heard an ongoing concern about projects not being readily available to local buyers" http://www.metronews.ca/news/vancouver/2017/08/02/vancouver-mayor-calls-on-province-to-regulate-condo-pres...
by jimtan
Tue Aug 15, 2017 8:16 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4665
Views: 721412

Re: Vancouver indvidual property sales details

Facts....

Biggest drop in benchmark Canada -wide since 2009. In fact, the only substantial drop since 2009...

"Canadian Home Prices Tumble the Most Since 2008 Recession"

https://www.bloomberg.com/news/articles ... on-toronto
by jimtan
Sat Aug 12, 2017 8:58 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4665
Views: 721412

Re: Vancouver indvidual property sales details

??? "...Buyers who are unable to honour their deals or are turning to the sellers for help create “potential for a domino effect,” according to real estate lawyer Jason Gottlieb, who says he’s dealt with five similar cases in the last three months. “I think that the buyers are finding it diffic...
by jimtan
Thu Aug 10, 2017 7:15 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 59
Views: 1879

Re: Medium Term risks?

There's always a blowback when things get out of whack. The risk in Vancouver is that the left wing gets voted into power. Here's a nutter like Jean Swanson who's talking about a rent freeze... “Independent council candidate Jean Swanson offers to donate $41,000 of her salary if she's elected” http:...
by jimtan
Mon Aug 07, 2017 10:31 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 6
Views: 818

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

"Rents on fire: Vancouver follows San Francisco's lead to curb rental crisis An estimated 24,500 households in Vancouver are in need of more affordable housing ... Vancouver has begun an aggressive push to build rental housing over condos, with a goal of 48,000 to start. In the spirit of that g...
by jimtan
Wed Aug 02, 2017 7:50 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4665
Views: 721412

Re: Vancouver indvidual property sales details

I highly doubt that a False Creek leasehold is anything close to an east Vancouver detached freehold. Even the Vancouver West apartment benchmark is 50% of East Van detached. Let's add some clarity in July 2017 a Vancouver West condo added 1.4% value  or $10,962. An East Vancouver detached added 1....
by jimtan
Wed Aug 02, 2017 9:03 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4665
Views: 721412

Re: Vancouver indvidual property sales details

Geyser is scary when he is right. As he pointed out, detached has been tame while condo has soared this year. To me, definite signs of affordability crisis. See Steve ... "CMHC Says Vancouver Real Estate Overheating Once Again ... Of course if you’ve been reading this blog this would come as no...
by jimtan
Mon Jul 31, 2017 6:44 pm
Forum: Real Estate Talks
Topic: Medium Term risks?
Replies: 59
Views: 1879

Re: Medium Term risks?

Christy quit from politics. She's cunning. So, probably means that she doesn't think that the BC Liberals can win in the next few years. Why? Where are they going to get enough donations, after corporate donations are banned. "'I am done with public life,' says Christy Clark in 1st public state...