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jimtan
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Cambie Corridor - Excess inventory?

Wed Oct 12, 2016 2:14 pm

Just took a walk around South Vancouver; Granville to Cambie, 57th to 64th. Huge number of new projects and lots for sale.

I'm just a little concerned. Whilst the number of units being planned is relatively small, the amount of capital tied up is significant. Helps explain the surge in house prices 2015-2016. IMHO, quite a bit  of the capital comes from foreigners.

That helps explain the frantic over-bidding. Meantime, the long term players (like Concord Pacific etc) are liquidating their land bank.

How does the new regulations and penalties affect them? Does the 15% tax apply to foreign buyers operating as companies? Will vacant homes and lots have to pay the 2% vacancy tax? What is the proportion of foreign buyers in pre-sale buildings? Can the investors hold out for 7-10 years?

Anyone with industry knowledge like to contribute? Thanks.
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 6:51 am

The most silly title in the world.

People actually in Vancouver know that things are different. Cambie is a popular area.

To infinity and beyond!
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 9:42 am

What about the debt?
Attachments
Mounting Mortgage Debt Outstanding.JPG
Mounting Mortgage Debt Outstanding.JPG (64.82 KiB) Viewed 557 times
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 9:44 am

^- unrelated linkless picture
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 9:59 am

Clueless said what???
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:06 am

jimtan wrote:
Clueless

what you say is what you are
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:11 am

Any original thoughts?
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:16 am

granville 
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:22 am

tdma800 wrote:
granville 



J
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:30 am

jingle bell jingle bell jingle bell rock
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:44 am

K
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:49 am

sunkist or great value
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 10:57 am

L
 
tdma800
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 12:09 pm

the 49th bus was diverted due to gas today
 
jimtan
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Re: Cambie Corridor - Excess inventory?

Sun Mar 26, 2017 12:19 pm

?

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