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 Jul 20, 2017 10:50 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

Downtown is a cesspool, trust me, I know. I'm down there every day for 10+ years. You couldn't pay me to live there...noise, traffic, panhandlers... If you're under 30 or over 70 it can be useful. I'm not. I'm not sure what this has to do with an interest rate thread. Suggest you start a separate t...
by jimtan
Thu Jul 20, 2017 7:39 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

Downtown is a cesspool, trust me, I know. I'm down there every day for 10+ years. You couldn't pay me to live there...noise, traffic, panhandlers... If you're under 30 or over 70 it can be useful. I'm not. I'm not sure what this has to do with an interest rate thread. Suggest you start a separate t...
by jimtan
Tue Jul 18, 2017 12:05 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1462
Views: 302347

Re: Climate Warming is coming to BC

Cause and effect " Scientists are getting better at linking extreme events, such as wildfires, to climate change "While scientists have known for decades that changes in some classes of extreme weather would result from climate change, the science of attributing individual extreme events t...
by jimtan
Mon Jul 17, 2017 8:42 am
Forum: Real Estate Talks
Topic: Cambie Corridor Phase 3 – New Priorities
Replies: 4
Views: 322

Re: Cambie Corridor Phase 3 – New Priorities

Here's the Pearson Dogwood project; 2,700 rentals focus around a new Canada Line station and seniors health care facility. Starting 2018 and completion 2026. "2,700-unit development planned for Marpole to receive public hearing July 20" http://www.straight.com/news/937281/2700-unit-develop...
by jimtan
Sat Jul 15, 2017 10:24 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

This is how low rates were in the bond market during 2015-16.

"Canada Bonds Extend Plunge After First Rate Hike in Seven Years"

https://www.bloomberg.com/news/articles ... even-years
by jimtan
Wed Jul 12, 2017 7:41 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

Here we go... "Bank of Canada raises interest rate for 1st time in 7 years to 0.75%" http://www.cbc.ca/news/business/bank-canada-interest-rate-monetary-policy-1.4200814 Indicating that they are looking for a 2% rise in mortgages... "OSFI tightens rules on uninsured mortgages OSFI prop...
by jimtan
Sun Jul 09, 2017 7:40 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 3
Views: 358

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

Why has the condo market in Surrey etc been so strong? Look at the CMHC report on Private Apartment rental vacancy. As of October 2016 (Table 1.1.1),  CoV vacancy has actually increased slightly to 0.8%. However, the vacancy rate in Surrey has collapsed to just 0.4%. Same for Burnaby, New West, Whit...
by jimtan
Fri Jul 07, 2017 3:06 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4606
Views: 706949

Re: Vancouver indvidual property sales details

FYI, that's a corner lot at Cambie. Gonna be developed for condo up to 6 floors. Go on-site and check if it is going to be linked to the project next door?

To check the zoning plan, see Post #3...

viewtopic.php?f=8&t=129673

Why didn't you buy a property like this?
by jimtan
Mon Jul 03, 2017 6:05 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

Back on topic. Interest rates have to rise and return to normal. None more urgent than than the Europeans. “Negative-yielding government debt 'supernova' jumps to $9.5 trillion ... Prominent investors have warned of the dangers of so much negative-yielding debt. Janus Henderson's Bill Gross has cal...
by jimtan
Sun Jul 02, 2017 6:35 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

You're asking the wrong guy jimtan. I'm on an oversized lot. A downgrade for me would be a 33x122 detached. That's a dream home if you own anything below a detached. Ask townhouse, condo owner what they upgrade to. My situation is quite different. Right! Your crack shack on the East Side is the ult...
by jimtan
Sat Jul 01, 2017 5:49 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

That's great for you.... Problem is many people have bought recently and stretched to do so.  Many people bought presales with price gains baked in and have to close on higher rates than expected. It is the margins where people get killed, not the people that are in the market for years - well mayb...
by jimtan
Fri Jun 30, 2017 10:54 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 96
Views: 2449

Re: Are interest rates finally going to rise?

That's great for you.... Problem is many people have bought recently and stretched to do so.  Many people bought presales with price gains baked in and have to close on higher rates than expected. It is the margins where people get killed, not the people that are in the market for years - well mayb...
by jimtan
Thu Jun 29, 2017 8:22 pm
Forum: Real Estate Talks
Topic: Predictions on what NDP/Greens will do
Replies: 3
Views: 328

Re: Predictions on what NDP/Greens will do

It happened. Horgan is the Premier. But, Christy and her cohort will do everything possible to bring him down. There is some complication about the ability of the Speaker to vote on bills. So, the NDP/Green will face difficulty passing non-confidence bills. "Lt.-Gov. Judith Guichon invites NDP ...
by jimtan
Wed Jun 28, 2017 12:32 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4606
Views: 706949

Re: Vancouver indvidual property sales details

very ho-hum actually.  I would have thought prices would be up another 20% based on your ramblings. What ramblings? Show me where I've said prices will be up up up...moon etc. I'm not even sure if I'd predict any more than flat prices. What I'm positive about is how much Detached Vancouver can ever...
by jimtan
Mon Jun 26, 2017 7:01 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 3
Views: 358

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

Dear ETB, net worth is not the issue here. It's about the welfare of our society. I'm pointing out that Mayor Sunshine and his choir are doing a good job. There will be ample rentals and social housing.  Moreover, the NDP/Green government will be in alignment with Metro Vancouver. Good things are co...