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


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by eyesthebye2
Wed Jan 17, 2018 9:39 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4690
Views: 746504

Re: Vancouver indvidual property sales details

Amazing that there are sales like this with so much bad news be I g pumped out about the market, foreign buyers tax, interest rates etc. 275 east 20th ave 2380sqft detached built 1928 33x122 RS-7 lot Ask $1,690,000 Sold $1,855,000 on 24-Dec after 6 days on the market. Location, Location! Half block ...
by eyesthebye2
Wed Jan 17, 2018 3:34 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 1451

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

I think the new mortgage qualifying rules are still higher than a 1% increase in real rates.

Won't effect offshore buyers...I'm sure they'll appreciate locals being pushed aside and take a discount on their purchase
by eyesthebye2
Mon Jan 08, 2018 11:24 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 874

Re: Is the boom over?

We could just squat in Pt Grey mansions that aren’t being used.  The owners wouldn’t even notice LOL Isn't there a policy that If you can squat for a year without being removed then you own the property? Let's do it!   They still have squatters rights in the UK, but it's was eliminated by law in BC...
by eyesthebye2
Sun Jan 07, 2018 11:43 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 1451

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Data shows a robust economy, but with just a 1.3% inflation rate. The numbers don't add up...should be higher. Watch the $cdn if you want to know what the BOC will do. They won't want to knock the stuffing out of our exports. Our whole economy is tenuous. Fed fucks with in too much by tinkering with...
by eyesthebye2
Sun Jan 07, 2018 11:30 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 874

Re: Is the boom over?

reallyreal2 wrote:
We could just squat in Pt Grey mansions that aren’t being used. The owners wouldn’t even notice LOL


Isn't there a policy that If you can squat for a year without being removed then you own the property?
by eyesthebye2
Sun Jan 07, 2018 5:08 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 874

Re: Is the boom over?

We should all feel fortunate if boom or bust is over. A long long stretch of market stability is what we need here. The lack of housing purchase options is gutting Vancouver of its workforce. It's basically either you buy an overpriced condo that is not suitable for a family, or hope to be able to r...
by eyesthebye2
Fri Jan 05, 2018 1:19 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 1451

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

http://vancouversun.com/news/economy/canadas-unemployment-rate-declines-to-lowest-in-four-decades/wcm/981965ed-9ae6-4375-9087-abd05b8f8c6e Well looks like the economy is on fire - who here is expecting another rate increase very soon? I am ... and looks like many others are also.  Canadian dollar i...
by eyesthebye2
Wed Jan 03, 2018 5:19 pm
Forum: Real Estate Talks
Topic: Immigration has undoubtedly escalated housing prices in Vancouver, Toronto
Replies: 6
Views: 304

Re: Immigration has undoubtedly escalated housing prices in Vancouver, Toronto

To an outsider it looks like an investment, because the return has been fantastic. But it's just my home, that's all bud
by eyesthebye2
Mon Jan 01, 2018 1:32 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 19
Views: 2117

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

Happy New Year "Vancouver Condo Flipping Hits 9 Year High ...  With just a few weeks left in the year, there have been 685 Vancouver condos flipped this year. That’s a staggering 74% increase from the year previous. The 685 condos flipped is equivalent to 10.9% of all Vancouver condo sales thi...
by eyesthebye2
Thu Dec 28, 2017 10:40 pm
Forum: Real Estate Talks
Topic: Immigration has undoubtedly escalated housing prices in Vancouver, Toronto
Replies: 6
Views: 304

Re: Immigration has undoubtedly escalated housing prices in Vancouver, Toronto

No man, immigration is 90% of the puzzle.
That's why I'm confident there can be no sustained downturn in the Vacouver and Toronto markets.
We are the 2 top destinations for over 300,000 immigrants per year.
If immigration policy changes then I'll change my position.
by eyesthebye2
Wed Dec 27, 2017 8:50 pm
Forum: Real Estate Talks
Topic: Immigration has undoubtedly escalated housing prices in Vancouver, Toronto
Replies: 6
Views: 304

Immigration has undoubtedly escalated housing prices in Vancouver, Toronto

How many year have I been beating this drum? http://vancouversun.com/opinion/columnists/douglas-todd-canadas-immigration-targets-a-form-of-housing-policy-says-study There is no doubt Canada’s high immigration rates have a major impact on housing affordability in Vancouver, Toronto and Montreal, acco...
by eyesthebye2
Wed Dec 27, 2017 6:10 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 12
Views: 874

Re: Is the boom over?

For 2017 I saw softening of high end detached. Although the ceiling has come down, I saw absolutely no movement in the detached floor. Condo and Attached market strengthened as pent up buyers gave up on buying detached and settled for what the could afford. Many of these buyers wanting to lock in lo...
by eyesthebye2
Thu Dec 14, 2017 11:45 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4690
Views: 746504

Re: Vancouver indvidual property sales details

A land assembly of three single-family lots has sold for over $10 million, The assembly includes three Vancouver Special-style homes built in 1979, each with five bedrooms and three baths. The 10,887 square feet of land was acquired for its multi-family development potential. The properties are loc...
by eyesthebye2
Thu Dec 07, 2017 3:27 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4690
Views: 746504

Re: Vancouver indvidual property sales details

175 East 21st ave 2234sqft detached built 1923 32x122 RS-7 lot Ask $2.050,000 sell $2,050,000 on 5-Dec after 14 days Main Street charm, fully restored exterior and modernized, mechanically rebuilt, open plan interior. Custom cabinetry, S/S high end appliances (Miele, Asko, Samsung), hardwood...
by eyesthebye2
Thu Nov 02, 2017 2:30 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4690
Views: 746504

Re: Vancouver indvidual property sales details

4365 Prince Albert Street 1745sqft detached built 1929 33x120 RS-1 lot Ask $1,550,000 Sell $1,681,000 on 23-Oct after 4 days Here is a fantastic opportunity to get into a 2 level character-style home on a flat 33x120 lot with lane access right in the sweet spot of the Fraserhood. Two bedrooms up wit...
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