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


Moderator: admin

 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Medium Term risks?

Mon Sep 25, 2017 8:10 am

So it begins... Canada First...

"Business Council of Canada Supports Bombardier in Boeing Fight"


https://www.bloomberg.com/news/articles ... eing-fight
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Medium Term risks?

Fri Oct 06, 2017 1:07 pm

With a one-two-three punch, this could be the end of speculative fever in CoV...

"Gregor Robertson proposes giving locals 1st shot at new condos

Mayor suggests modelling policy on 2016 agreement in West Vancouver


... In an investigation last year, the Globe and Mail revealed major Vancouver developers were privately selling prebuilt condos to friends and family before offering units up to the general public.

This practice allowed the buyers to reassign their contracts to new purchasers at higher prices before the deal closed.

Earlier this year, the Canadian government began a series of actions in federal court, in a bid to force developers to provide details about buyers who flipped presale contracts before construction was completed."

http://www.cbc.ca/news/canada/british-c ... -1.4344434
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Medium Term risks?

Sat Oct 14, 2017 11:57 am

Canada First ...

"Canada moves toward buying Australian fighter jets, upping ante in trade dispute with Boeing"

https://ca.news.yahoo.com/canada-moves- ... 00148.html

Should free trade become less free, this will have negative economic consequences for each country at the macro level. Individual industries may benefit. But, overall productivity will fall and costs will rise. That is, fewer jobs and more inflation!
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Medium Term risks?

Fri Nov 17, 2017 9:29 am

As our Steve notes, debt is thru the roof...


"Canadian HELOC Debt up 500% since the Year 2000"


http://vancitycondoguide.com/canadian-heloc-debt/



"Canada Accumulating Private Debt Faster Than Any Advanced Economy"


http://vancitycondoguide.com/canada-acc ... vate-debt/

Facts
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Medium Term risks?

Mon Nov 27, 2017 10:03 pm

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

After a long period of neglect, the governments are focusing on rental housing. Displacing investors. Some ares may be 'rental housing only'. Affecting land values.

Expect the governments to keep squeezing speculators, airBnB hosts, and other quick buck operators.

“Canada Revenue Agency targets more Vancouver pre-sale condo contracts Telus Garden and One Pacific buyers under federal revenue agency scrutiny  “ 

https://www.biv.com/article/2017/10/can ... ver-pre-s/

The key is to squeeze out the frenzy from the market. That means providing enough housing, and enough rental housing. May change the market dynamics. Finally.
Attachments
Vancouver housing starts.JPG
Vancouver housing starts.JPG (31.69 KiB) Viewed 115 times
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Medium Term risks?

Thu Dec 14, 2017 4:22 pm

As expected, Trump goes rogue. In areas beyond his competence, he makes high risk bets. The possible consequences are terrifying.

Trump is gambling that the Palestinians will have no sponsors after he buys off the Saudi. Apparently not. There's the Muslim fundamentalists in Turkey and Egypt, As well as Iraq and Iran. Not to forget, the Bangladeshi and the Malay Muslims.

“Turkey's president calls Israel a 'terror' state, says Jerusalem move is 'our red line'

https://www.cnbc.com/2017/12/13/turkey- ... -line.html


Trump is going to make the Palestinians an offer they can't refuse. Can the Zionists give a fair deal to the Palestinians? What do you think?

Who is online

Users browsing this forum: No registered users and 4 guests