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


Search found 24 matches

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by Writeoff
Tue Dec 26, 2017 11:50 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 852

Re: Is the boom over?

The market is stabilizing after thousands are being priced out and are scrambling to find a rental! It's like a train just arrived but full and the desperate riders are waiting for the next one. The stress test will be stressed like many other tests before it. But this time it is ensured that everyo...
by Writeoff
Tue Dec 26, 2017 11:05 pm
Forum: Real Estate Talks
Topic: Introduce Yourself to the Forum!
Replies: 291
Views: 220226

Re: Introduce Yourself to the Forum!

I am a Banker with Major a Chartered Bank in Canada.
by Writeoff
Tue Mar 22, 2016 9:52 pm
Forum: Real Estate Talks
Topic: Overheating - Semven!?
Replies: 14
Views: 4568

Re: Overheating - Semven!?

I was curious where his next deal is, what areas he's looking into, etc - threw me off balance - he says he's sitting out. Had he told you where his next deal is, you won't be wasting your time posting here. Unless you are the one who just talk the talk. The fools are selling and greater fools are ...
by Writeoff
Thu Jan 28, 2016 5:15 pm
Forum: Real Estate Talks
Topic: New to Real Estate (Vancouver) - Need Strategic Advice
Replies: 117
Views: 22097

Re: New to Real Estate (Vancouver) - Need Strategic Advice

If you want to buy your second property in two years, buy your first now. Vancouver is different. Soon, people will rent their homes for half days. Renters will sleep during the day and leave before you are home. There will be an app for this arrangement and TV shows to promote this trend. :lol: Imm...
by Writeoff
Wed Dec 09, 2015 12:09 pm
Forum: Real Estate Talks
Topic: Comment on Vancity Buzz. Dubai Engineer owns 6 homes
Replies: 2
Views: 3241

Re: Comment on Vancity Buzz. Dubai Engineer owns 6 homes

So the people he rent to are not Canadians? He may be subsidising them and provide affordable housing. Nothing wrong with that?
by Writeoff
Sun Mar 01, 2015 10:26 pm
Forum: Real Estate Talks
Topic: Successful Investor Tips
Replies: 21
Views: 8374

Re: Successful Investor Tips

....I agree on this one but only where the mortgagor is old person with lots of equity. "Whipmaster" " greater risk brings greater rewards" If you like to play safe then invest in GIC. :D Older guys with lot's of equity can borrow for less. As an investor you would like to get 8...
by Writeoff
Fri Feb 27, 2015 9:35 pm
Forum: Real Estate Talks
Topic: Successful Investor Tips
Replies: 21
Views: 8374

Re: Successful Investor Tips

Invest in Mortgages, in markets like BC. You cannot go wrong.
by Writeoff
Thu Feb 12, 2015 2:46 pm
Forum: Real Estate Talks
Topic: Here's Why the Market for Single Family Homes is So Active
Replies: 7
Views: 4387

Re: Here's Why the Market for Single Family Homes is So Act

chinabuyer.JPG
chinabuyer.JPG (47.85 KiB) Viewed 4234 times


I saw this on the craigslist today.
by Writeoff
Sat Feb 07, 2015 10:58 pm
Forum: Real Estate Talks
Topic: 2.54 5 year fixed at Industrial Alliance
Replies: 10
Views: 3944

Re: 2.54 5 year fixed at Industrial Alliance

Austin wrote:
Wooohoo. Zirp, here we come.


There is lots of crap inside of mortgages that most people do not know. Most people only understand rates. For residential, there are things like IRD penalties + re-advanceables
by Writeoff
Sat Feb 07, 2015 10:44 pm
Forum: Real Estate Talks
Topic: 2.54 5 year fixed at Industrial Alliance
Replies: 10
Views: 3944

Re: 2.54 5 year fixed at Industrial Alliance

Prime- 0.70 is being offered by many lender. :)
by Writeoff
Sat Jan 31, 2015 4:26 pm
Forum: Real Estate Talks
Topic: Sell old or build new & then sell
Replies: 18
Views: 3489

Re: Sell old or build new & then sell

I am not sure about the good builder option coz that's surely additional costs. we want to be as much involved and save some dough. Not sure if it applies to you but let me put it this way. " If you are looking to finance the build, the banks will require a qualified builder/contractor on appl...
by Writeoff
Fri Jan 30, 2015 10:59 pm
Forum: Real Estate Talks
Topic: Sell old or build new & then sell
Replies: 18
Views: 3489

Re: Sell old or build new & then sell

On a dollar-per-square-foot basis, remodeling is usually much more expensive than new construction and you still have the old house. When you build a house from the ground up, every step of the building process is coordinated for maximum efficiency. If the cost of remodeling outpace its resale value...
by Writeoff
Wed Jan 28, 2015 11:37 am
Forum: Real Estate Talks
Topic: Why the Bank of Canada rate cut may not bring down mortgage
Replies: 20
Views: 4137

Re: Why the Bank of Canada rate cut may not bring down mortg

What's got us in this mess is banks not caring about debt load and the government using CMHC as a tool to manage and juice the economy. Now that oil has cratered, we might be well and truly f*cked. and BOC will do further rate cuts. The Begining of a new Era for Vancouver Real Esatate. Plunging loo...
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