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


Search found 3326 matches

by jimtan
Mon Aug 12, 2019 8:42 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 416071

Re: Climate Warming is coming to BC

Here's the moment of truth. To stop global warming before the tipping point, net Greenhouse Gas Emissions (GHG) must be zero by 2050. To appreciate the amount of work that has gone into climate research, follow through with the 'Special Report on Global Warming of 1.5 °C'. https://en.wikipedia.org/w...
by jimtan
Wed Jul 31, 2019 1:45 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 21501

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

demand is still strong. Supply is improving...

https://stevesaretsky.com/apartment-ren ... cord-high/

Still, we need construction of 20k units to gain some breathing space.
by jimtan
Wed Jul 24, 2019 8:52 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 21501

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

Here's the October 2018 report from CMHC on rental vacancies. Burnaby had a significant spike in vacancies in purpose-built and private apartments. Prices should be soft from the oversupply around Metrotown. But, vacancies are still tight in CoV and Surrey. Have to wait for another recession before ...
by jimtan
Wed Jul 10, 2019 5:37 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 416071

Re: Climate Warming is coming to BC

Here's step back from the trenches... "Fighting climate change may be cheaper and more beneficial than we think In a cartoon that went viral before the Copenhagen climate summit in 2009, a conference presentation lists some of the side benefits of reducing greenhouse gas emissions, from cleaner air ...
by jimtan
Thu Jun 27, 2019 8:21 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5694

Re: Did The Vancouver Foreign Buyers Tax Work?

Yes, the government intervention has been successful. Foreign buyers out... "This West Vancouver mansion just sold for less than half its asking price. It’s not the only one" https://globalnews.ca/news/5314158/homes-west-vancouver-selling-discounts/ Not surprising, entry level homes hold up well. On...
by jimtan
Wed Jun 19, 2019 8:28 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 416071

Re: Climate Warming is coming to BC

I was in Toronto visiting the Toronto Islands. On the Ward and Algonquin Islands, there was extensive flooding, even with several feet of flood barriers added to the shoreline. In fact, in the low areas, a light swell had the water level lapping at the top of their temporary barriers. Those resident...
by jimtan
Sun Jun 09, 2019 3:42 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5694

Re: Did The Vancouver Foreign Buyers Tax Work?

Here's something from Saretsky…


"Pre-Sale Absorption Rate Drops to 20% Prompting Developers to Cancel Projects"

https://stevesaretsky.com/pre-sale-abso ... -projects/

Looks like it's all working as planned.
by jimtan
Sat Jun 01, 2019 9:34 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 21501

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

Heads Up...

"Burnaby council passes ambitious plan to protect rental housing stock"

https://www.straight.com/news/1246261/b ... sing-stock
by jimtan
Sun May 26, 2019 5:19 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5694

Re: Did The Vancouver Foreign Buyers Tax Work?

Hard to believe that the amount is so large, but...

"Money laundering funded $5.3B in B.C. real estate purchases in 2018, report reveals"

https://www.cbc.ca/news/canada/british- ... -1.5128769
by jimtan
Fri Apr 19, 2019 6:55 am
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 21501

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

Fraser Valley definitely …

"Fraser Valley Condo Assignment Listings Hit Record High"

https://stevesaretsky.com/fraser-valley ... cord-high/


Market has downside since the speculators have not been shaken out.
by jimtan
Sun Apr 07, 2019 11:30 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5694

Re: Did The Vancouver Foreign Buyers Tax Work?

This will possibly have an equally great impact … tax evasion and money laundering.

"B.C. introduces law to prevent money laundering, tax evasion in real estate"

https://www.cbc.ca/news/canada/british- ... -1.5082253
by jimtan
Mon Apr 01, 2019 5:57 pm
Forum: Real Estate Talks
Topic: Climate Warming is coming to BC
Replies: 1478
Views: 416071

Re: Climate Warming is coming to BC

It's official … "Climate change is warming Canada at a rate twice as fast as the global average, federal report warns..." https://www.straight.com/news/1222111/climate-change-warming-canada-rate-twice-fast-global-average-federal-report-warns The wildfire season cost >$500m a year these days. Could g...
by jimtan
Wed Mar 20, 2019 5:25 pm
Forum: Real Estate Talks
Topic: Why I am not afraid of being a renter!
Replies: 34
Views: 21501

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

Ho Ho I'm cool. Let Trudeau help first time buyers. Fewer renters!!!!! "Federal budget's new housing affordability policy getting mostly positive reviews in B.C." https://www.cbc.ca/news/canada/british-columbia/paul-kershaw-budget-1.5063539 Just means that the high end (and detached houses) is still...
by jimtan
Tue Mar 12, 2019 6:40 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5694

Re: Did The Vancouver Foreign Buyers Tax Work?

Clear target here... "Over 11% of Vancouver condos have a non-resident owner, says new CMHC report … Tom Davidoff, the director of UBC's Centre for Urban Economics and Real Estate, says the report confirms what everyone already knows. "It's clear that the flow rate of money from outside of Vancouver...
by jimtan
Fri Feb 08, 2019 7:53 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 15
Views: 5694

Re: Did The Vancouver Foreign Buyers Tax Work?

Yah! A combination of measures means ….. party!!!! "Vancouver Detached Market Climbs to 15 Months Worth of Inventory … When studying comparable sales it is safe to conclude luxury home prices are about 25% lower than peak prices achieved back in early 2016. Entry-level detached homes are not quite a...