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tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Sun May 21, 2017 5:23 am

^-- irrelevant - plonk
 
jimtan
Real Estate Talker
Topic Author
Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Sun May 21, 2017 7:10 am

Let's have a return to sanity. Steve (our honest realtor) did the maths and pointed out that our mortgages outstanding had doubled in 10 years.

Don't allow our problem to get this big...

"Tracking China’s Real Estate Binge

As foreign buyers start to dwindle in Vancouver (new data shows foreign buyers are diminishing) we are left scratching our heads, bewildered, how could the typical detached home suddenly cost over 1.4 million. Did Governments and policy makers not see this coming?

Foreign Capital fleeing China is no secret. In recent years it has become a global phenomenon, widely publicized for helping push real estate prices to euphoric new highs in other cities such as New York, Miami, Seattle, Sydney, London, Stockholm, and Munich the list is endless. Perhaps most ironically, China has inflated a real estate bubble of their own.

China has been on a debt binge, a credit expansion post 2008 financial crisis. Which has resulted in them inflating their own real estate bubble. It’s become so obvious that even those within the industry are concerned. Chinese billionaire Wang Jianlin who made his fortune developing real estate in China calls the current situation the “biggest bubble in history.” 


http://vancitycondoguide.com/tracking-c ... ate-binge/
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Sun May 21, 2017 7:11 am

Irrelevant unlicensed noob website
 
jimtan
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Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Tue May 23, 2017 6:19 pm

Yo Ho, I'M in TO.

How's the recount proceeding? I hear that the NDP is ahead in Courtney by 101 now. Every vote counted, my friends.

Wink
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Tue May 23, 2017 6:45 pm

Irrelevant - plonk
 
jimtan
Real Estate Talker
Topic Author
Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Wed May 24, 2017 4:08 pm

Well? What does the post election world look like? Has the game changed?
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Wed May 24, 2017 4:42 pm

Irrelevant - plonk
 
jimtan
Real Estate Talker
Topic Author
Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Wed May 24, 2017 5:47 pm

Christy ahead by just 1,566 votes. Every vote counted!

As I said, big backlash. HeHe!
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Wed May 24, 2017 5:49 pm

plonk
 
jimtan
Real Estate Talker
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Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Wed May 24, 2017 7:14 pm

Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???
 
VanLord
Real Estate Talker
Posts: 288
Joined: Fri Aug 24, 2007 3:52 pm

Re: What just happened?

Wed May 24, 2017 8:41 pm

jimtan wrote:
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???

Seems plausible that the NDP / Greens form a pact, however if I were the Greens it still makes sense to give power to Libs and hold them to account on key issues...Should be an interesting few weeks and year(s).
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Wed May 24, 2017 8:49 pm

VanLord wrote:
jimtan wrote:
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???

Seems plausible that the NDP / Greens form a pact, however if I were the Greens it still makes sense to give power to Libs and hold them to account on key issues...Should be an interesting few weeks and year(s).

irrelevant - plonk
 
jimtan
Real Estate Talker
Topic Author
Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Thu May 25, 2017 3:41 am

VanLord wrote:
jimtan wrote:
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???

Seems plausible that the NDP / Greens form a pact, however if I were the Greens it still makes sense to give power to Libs and hold them to account on key issues...Should be an interesting few weeks and year(s).


Doesn't work for the BC Liberals because they have only 40% of the vote.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: What just happened?

Thu May 25, 2017 5:12 am

plonk
 
jimtan
Real Estate Talker
Topic Author
Posts: 5427
Joined: Tue Jul 31, 2007 10:59 pm

Re: What just happened?

Sat May 27, 2017 6:19 pm

Looks like TO is better...

"Toronto Homeowners Are Suddenly in a Rush to Sell

After a double whammy of government intervention and the near-collapse of Home Capital Group Inc., sellers are rushing to list their homes to avoid missing out on the recent price gains. The new dynamic has buyers rethinking purchases and sellers asking why they aren’t attracting the bidding wars their neighbors saw just a few weeks ago in Canada’s largest city.

“We are seeing people who paid those crazy prices over the last few months walking away from their deposits,” said Carissa Turnbull, a Royal LePage broker in the Toronto suburb of Oakville, who didn’t get a single visitor to an open house on the weekend. “They don’t want to close anymore.”

https://www.bloomberg.com/news/articles ... rket-slows

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