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


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by reallyreal2
Tue Jul 25, 2017 8:05 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

Sounds like a lot of wishful thinking. A lot of people had to stretch just to get into this market.  Grey market loans are through the roof.  Those that could not afford the market 2 months ago can afford it less today and less tomorrow when rates go up.... I would hate to be stretched right now - ...
by reallyreal2
Mon Jul 24, 2017 7:52 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

Sounds like a lot of wishful thinking. A lot of people had to stretch just to get into this market. Grey market loans are through the roof. Those that could not afford the market 2 months ago can afford it less today and less tomorrow when rates go up.... I would hate to be stretched right now - tha...
by reallyreal2
Mon Jul 24, 2017 12:06 pm
Forum: Real Estate Talks
Topic: Subdivision and tax
Replies: 1
Views: 135

Re: Subdivision and tax

Hire an accountant.  Any advice you get here will be worth what you paid for it.
by reallyreal2
Mon Jul 24, 2017 11:58 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

So we have had our first rate increase and the markets are already starting to price in another one in October.  It is very possible that rates will increase 2% over the next 2 to 3 years.  I am sure everyone can afford that with no problem  8)
by reallyreal2
Tue Jul 18, 2017 8:33 am
Forum: Real Estate Talks
Topic: Thoughts on homes w/ polybulytene ?
Replies: 5
Views: 186

Re: Thoughts on homes w/ polybulytene ?

Thanks for your opinions.  To be honest, I was curious for selfish reasons - I have the Poly B in my home (25 years old now) and *knock on wood* no issues yet.  It was a major concern when purchasing the home but I decided to take a chance. Honestly - does anybody know of a single person that has ha...
by reallyreal2
Tue Jul 18, 2017 8:29 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

All I know ETB is that you have been wrong about the stock market and condo prices in the lower mainland.

What else do you think people should not invest in?  I want to get in quick!
by reallyreal2
Sun Jul 16, 2017 7:15 pm
Forum: Real Estate Talks
Topic: Thoughts on homes w/ polybulytene ?
Replies: 5
Views: 186

Re: Thoughts on homes w/ polybulytene ?

Hi These pipes (grey in color) are notorious for degrading and failing. The horrible thing about these pipes is you won't notice the leak until they have caused lots of damage because they usually start leaking slowly.  Usually you won't have a catastrophic failing like an exploding...
by reallyreal2
Sat Jul 15, 2017 3:16 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

Harahomes wrote:
rMBA13 wrote:
The combination of rising interest rates and appreciating Loonie will be disasterous for Canadian housing.

Im not sure if will be disasterous, but it will have an effect.  I think the bigger problem will be the NDP provincial policies


Which specific policies do you think will be a problem?
by reallyreal2
Fri Jun 30, 2017 1:24 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

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 maybe...
by reallyreal2
Wed Jun 28, 2017 2:37 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4655
Views: 709791

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 reallyreal2
Wed Jun 28, 2017 2:35 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4655
Views: 709791

Re: Vancouver indvidual property sales details

tiga wrote:
did a count. 133 out of 236 detached sales in van east since may were above ask.

What does asking price have to do with anything?
by reallyreal2
Wed Jun 28, 2017 8:56 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

http://www.news1130.com/2017/06/20/pote ... canadians/

I wonder where people in Canada are stretched to make mortgage payments the most?  LOL...hmmmmmm....  :lol:
by reallyreal2
Wed Jun 28, 2017 7:58 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 103
Views: 2818

Re: Are interest rates finally going to rise?

Remember what the BOC head said a couple of weeks ago, they are planning ahead and not looking behind.  The rate hike is coming no matter how much everybody doesn't want it to come or thinks that it won't happen. Just as I write the above sentence, I do a quick google search: http://business.financi...
by reallyreal2
Wed Jun 28, 2017 7:54 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4655
Views: 709791

Re: Vancouver indvidual property sales details

very ho-hum actually.  I would have thought prices would be up another 20% based on your ramblings.
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