Real Estate Talks

We were at 1.40 USD/CAD, now we're at 1.30. Going to see house prices dip if this keeps up?

I'd say there is a 70% chance it's someone from Mainland china.

3555 West 1st

The home had been renovated back in 2010, “down to the studs,” says Price, which is unusual for houses in the area."

Uhm, ok. Do we care? That house is 95% land value.

It's not racism. It could be Irish people for all we care. The issue is that foreign ownership is pushing up RE costs and hollowing out our economy by making it too expensive to hire local people to create non RE based businesses.

I'm pretty sure that the West Side buyers just pushed people into other markets, which increased those. The West side is one of the most expensive areas and high RE values just radiate out from there. But, you know, keep on ignoring immigration / foreign buyers. I'm sure we can keep this problem goi...

Ironically, it's those people who kept on crying "bubble" probably delayed this study. If they had been crying "chinese buyers" instead, this study would have probably been done a long time ago.

We know who they were. and now we know how *wrong* they were.

In A Six-Month Period, 70% Of Homes Sold In Metro Vancouver’s West Side Went To Mainland China Buyers

https://bchn.com/in-a-six-month-period- ... na-buyers/

I think people should be getting more service for their money. Virtual walkthroughs, detailed analysis on residential areas, more comp data that is easily accessible. better search engines. Certainly, fisbos should show up as well. I hate that I will pay full buyer commission to a realtor and they w...

Yeah maybe. I think t his is more of a structural issue though rather than an individual issue.

it's all going to catch up. Either the loonie is going to strengthen or inflation is going to settle in. You can't debase your currency with no repercussions.

If you try to travel or buy anything interesting, you have to pay like 40% more. How does that make you feel rich?

Have you tried to buy anything lately that comes from the US?