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hunainlalani
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Posts: 4
Joined: Tue Oct 10, 2017 3:04 am

Re: Why I am not afraid of being a renter!

Mon Nov 20, 2017 10:40 pm

LoL, lots of funny talks here :D
 
jimtan
Real Estate Talker
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Posts: 5448
Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Fri Nov 24, 2017 1:12 am

As I have pointed out repeatedly, the time will come when the tide will turn. There is now so much anguish that there is a political backlash. The politicians have discovered the will to act.

The first chart shows the dramatic improvement in 2016 housing starts. The Federal and provincial governments are chipping in with 10-year affordability programs. CoV has a new 10-year program

“Vancouver unveils new housing strategy for the next decade
City aims for 72,000 units of housing to be built in next 10 years, two-thirds of which are rental...”

http://www.cbc.ca/news/canada/british-c ... -1.4416669

Hopefully, this will inspire other municipals to step up. The second charts shows how badly Burnaby has done.
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Vancouver housing starts.JPG
Vancouver housing starts.JPG (31.69 KiB) Viewed 251 times
Metro Vancouver rental apt increases.JPG
Metro Vancouver rental apt increases.JPG (42.54 KiB) Viewed 251 times
 
jimtan
Real Estate Talker
Topic Author
Posts: 5448
Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Mon Dec 11, 2017 1:12 pm

No surprise here...

"Province acts to stop landlords from raising rents based on higher rates in an area"

https://www.straight.com/news/1006241/p ... rates-area



Pity all those new owners of old apartment blocks. Being a landlord is never easy.
 
jimtan
Real Estate Talker
Topic Author
Posts: 5448
Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Sun Dec 31, 2017 9:28 pm

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 year, a nine year high. So yeah, basically one in every 10 sales this year were owners who were cashing in huge profits..."



http://vancitycondoguide.com/condo-flip ... year-high/
 
eyesthebye2
Real Estate Talker
Posts: 1181
Joined: Sun Jul 27, 2014 6:41 am

Re: Why I am not afraid of being a renter!

Mon Jan 01, 2018 1:32 pm

jimtan wrote:
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 year, a nine year high. So yeah, basically one in every 10 sales this year were owners who were cashing in huge profits..."



http://vancitycondoguide.com/condo-flip ... year-high/


Once the prov govt closes that presale loophole it'll be lights out for condo flipping

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