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


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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: 31875

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: 16
Views: 22467

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: 34
Views: 54092

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 this yea...
by eyesthebye2
Thu Dec 28, 2017 10:40 pm
Forum: Real Estate Talks
Topic: Immigration has undoubtedly escalated housing prices in Vancouver, Toronto
Replies: 16
Views: 22467

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: 16
Views: 22467

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: 58
Views: 53315

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: 4691
Views: 1400438

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: 4691
Views: 1400438

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 floorin...
by eyesthebye2
Thu Nov 02, 2017 2:30 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1400438

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...
by eyesthebye2
Tue Oct 31, 2017 10:57 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 31875

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

https://image.ibb.co/n6WXoG/A43381_BD_1_BF8_4521_9559_90_BA170_C615_D.jpg I’m going to go out on a limb and say that Canada and American will never raise interest rates to anything meaniningful EVER again. Its been to long on emergency rates. To much borrowing and it will crash the system to get of...
by eyesthebye2
Tue Oct 31, 2017 10:39 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 31875

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

So again, I ask which government policy is controlling real 3 prices? -immigration -investor immigration program -BOC interest rates -foreign buyer taxes -land transfer tax -renovation tax credit -cmhc -new housing tax rebates -presale tax exemption -first time homebuyers loan -capital gains tax Et...
by eyesthebye2
Fri Oct 27, 2017 12:18 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1400438

Re: Vancouver indvidual property sales details

2356 east 3rd ave 1000sqft detached built 33x122 RS-1 lot Ask $1,249, sell $1,486,000 on 24-Oct after 8 days Remarkable, prime location in the Grandview-Woodlands neighbourhood. Great potential for buy, hold or redevelopment. The house is liveable with back lane access. Walking distance to schools, ...
by eyesthebye2
Thu Oct 26, 2017 10:31 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 31875

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

Weathly immigrant destinations like Vancouver and Toronto will be less effected by higher rates. Many are cash buyers. But higher rates will knock out smaller markets much earlier. The panic in those markets will signal a direction for the BOC well before any significant effect in Van/Tor. Psst, Ott...
by eyesthebye2
Wed Oct 25, 2017 5:33 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 31875

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

Gouverment policy trying to control housing pricing is smoke and mirriors.The illusion of due diligence. Foreign buyers tax? Why not out right ban foreign ownership. Conventional mortgages must qualify for higher rates? These mortgages are already the highest quality and least likely to default. Re...
by eyesthebye2
Mon Oct 23, 2017 11:59 am
Forum: Real Estate Talks
Topic: Six Reasons Why Toronto Will Not Incorporate A Foreign Buyers Tax
Replies: 10
Views: 12550

Re: Six Reasons Why Toronto Will Not Incorporate A Foreign Buyers Tax

https://ca.news.yahoo.com/buyers-regain ... 15407.html

Looks like Toronto slump lasted roughly as long as Vancouver's after foreign buyers tax implemented...6 months
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