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


Search found 441 matches

  • 1
  • 2
  • 3
  • 4
  • 5
  • 30
by Warren12
Mon Mar 14, 2016 10:14 am
Forum: Real Estate Talks
Topic: Presale Completion - Date Estimates and Notification
Replies: 0
Views: 3588

Presale Completion - Date Estimates and Notification

Hi Everybody, What do you educated and experienced folks know about completion dates and notification timelines for pre-sale condos? The most recent window we've been given is Mar 15-June 15 of this year (delayed from Jan 15-Mar 15), but this estimate is months old. Furthermore, the disclosure state...
by Warren12
Wed Feb 17, 2016 2:28 pm
Forum: Real Estate Talks
Topic: BC Budget - No PTT for new homes under $750k
Replies: 6
Views: 3964

Re: BC Budget - No PTT for new homes under $750k

Good points Warren. I take your point about Progressive Taxation. Unfortunately in Greater Vancouver, Progressive Taxation based on Income really is an impossible concept to utilize. We have a crazy economy where housewives and students on poverty level incomes (who pay next to nothing in income ta...
by Warren12
Wed Feb 17, 2016 2:24 pm
Forum: Real Estate Talks
Topic: BC Budget - No PTT for new homes under $750k
Replies: 6
Views: 3964

Re: BC Budget - No PTT for new homes under $750k

I would think its the completion date (when you take possession) that matters?? lots of info here: http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/exemptions/newly-built-home-exemption#qualify What really sucks is the prorated reduction is only between 750K a...
by Warren12
Wed Feb 17, 2016 10:12 am
Forum: Real Estate Talks
Topic: BC Budget - No PTT for new homes under $750k
Replies: 6
Views: 3964

BC Budget - No PTT for new homes under $750k

This was an interesting announcement from the BC Liberals, and it further muddies the water around PTT. As I understand it: - All homes under $475k are exempt from PTT for First Time Buyers. But this exemption "gradually" goes away to $500k where PTT is at regular rates. - New homes under $750k are ...
by Warren12
Thu May 07, 2015 9:15 am
Forum: Real Estate Talks
Topic: Vancouver RE is about to get CRUSHED if this keeps up
Replies: 44
Views: 13272

Re: Vancouver RE is about to get CRUSHED if this keeps up

The OP created this thread August 2011.
Another prediction piled on the scrap heap... :lol:
"2008 all over again". LOL.. the first half of 2008 maybe... :mrgreen: :mrgreen: :mrgreen:
by Warren12
Thu Apr 23, 2015 2:21 pm
Forum: Real Estate Talks
Topic: Power
Replies: 15
Views: 6558

Re: BC Hydro not shutting off power. Saying I own $862.93

if hydro was in your name why would you leave the responsibility for turning it off with your tenant? if hydro is in tenants name they're responsible for the bill. Seems pretty straightforward to me. That's not how it works. You are always on the hook as the owner. don't see it. If the bill is in t...
by Warren12
Thu Apr 23, 2015 11:51 am
Forum: Real Estate Talks
Topic: why condos aren't good investments
Replies: 124
Views: 30893

Re: why condos aren't good investments

we're thinking of a studio DT ish haven't really run the numbers yet - don't need positive cashflow at this stage but would like mortgage/fees to be paid by rental income. thinking to rent around 1000-1100 mortage payment around $1,000 If it's in a new-ish building, you can easily get $1200+ rental...
by Warren12
Wed Apr 22, 2015 8:30 am
Forum: Real Estate Talks
Topic: Canadian home prices to fall 40-50%
Replies: 45
Views: 11561

Re: Canadian home prices to fall 40-50%

Garth Turner blew another load in his pants I'm sure. Nothing more to report... :roll:
by Warren12
Wed Apr 22, 2015 7:44 am
Forum: Real Estate Talks
Topic: Power
Replies: 15
Views: 6558

Re: BC Hydro not shutting off power. Saying I own $862.93

if hydro was in your name why would you leave the responsibility for turning it off with your tenant?

if hydro is in tenants name they're responsible for the bill.

Seems pretty straightforward to me.
That's not how it works. You are always on the hook as the owner.
by Warren12
Wed Apr 22, 2015 7:31 am
Forum: Real Estate Talks
Topic: why condos aren't good investments
Replies: 124
Views: 30893

Re: why condos aren't good investments

great, thanks for the details...we now know it's clearly a poor financial investment. If you like rentals so much why not take 50% equity out and buy another rental? If I loved being a landlord I'd be wanting more of the same. I assume you declare this rental income with CRA :wink: and you'll be fo...
by Warren12
Fri Apr 17, 2015 2:13 pm
Forum: Real Estate Talks
Topic: why condos aren't good investments
Replies: 124
Views: 30893

Re: why condos aren't good investments

"Warren12" With that said, I have a condo that I originally lived in and now rent as a cashflow investment, and it's fantastic this statement is misleading. Yes, condos are cashflow positive but still do not cover debt servicing. A downtown condo 1 bedroom rents for an average of $1700/mo. The same...
by Warren12
Fri Apr 17, 2015 2:06 pm
Forum: Real Estate Talks
Topic: why condos aren't good investments
Replies: 124
Views: 30893

Re: why condos aren't good investments

Warren!!! How have you been? Nice to see you. :D Thanks... I haven't gone anywhere, just checking in to see if the same people are saying the same things around here. Newsflash: they are. :mrgreen: Yup, condos have been a great investment for many, and they should continue to be. They will prove in...
by Warren12
Fri Apr 17, 2015 7:20 am
Forum: Real Estate Talks
Topic: why condos aren't good investments
Replies: 124
Views: 30893

Re: why condos aren't good investments

ETB seems to change their story and reasoning every few minutes. We all know you have a SFH in Vancouver and you are the most savvvvvvy investor we all want to be. With that said, I have a condo that I originally lived in and now rent as a cashflow investment, and it's fantastic. A SFH makes a bette...
by Warren12
Tue Aug 26, 2014 8:25 am
Forum: Real Estate Talks
Topic: 2.74% 5 year fixed - craziness.
Replies: 21
Views: 6200

Re: 2.74% 5 year fixed - craziness.

TD put a full page ad out recently at 2.43% for a 2 year fixed. I'm sure you could get a little better if you went in and talked to them.

What's interesting to me is we are starting to see the big 5 banks take different positions. Usually they move in sync.
by Warren12
Thu Aug 21, 2014 2:12 pm
Forum: Real Estate Talks
Topic: Doom – Vacancy rates drop big
Replies: 169
Views: 32391

Re: Doom – Vacancy rates drop big

Rents have gone up in my area (Yaletown). It's not pleasant trying to upgrade from our 1bd + den to a 2bd.

We started renting here in 2010, our lovely landlord has not increased the rent at all. When I look around, we are paying below the current market for our place, by about $200 easy.
  • 1
  • 2
  • 3
  • 4
  • 5
  • 30