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


Search found 422 matches

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by SethM
Sun Apr 15, 2018 4:43 am
Forum: Real Estate Talks
Topic: Recommendation on a good mortgage broker?
Replies: 1
Views: 130

Re: Recommendation on a good mortgage broker?

I need a recommendation on a good mortgage broker, does anyone have one that they recommend?  This is for a $900,000 property that I own out right. I make a satisfactory income, but been self-employed (Ltd company), I have been using up tax losses I had in other Ltd companies (30 years old). So thi...
by SethM
Wed Mar 28, 2018 10:07 pm
Forum: Real Estate Talks
Topic: Realtors Lose License For Only A Year For This?
Replies: 3
Views: 176

Re: Realtors Lose License For Only A Year For This?

reallyreal2 wrote:
In BC they'd probably get a pat on the back.

:lol:
by SethM
Tue Mar 27, 2018 1:28 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2455

Re: Speculation tax ! Finally

So if you rent your property out you're exempt from the tax? What bullshit. If these cheaters can come up with phoney owners they will most certainly be able to show phoney renters. Govt gave cheaters a loophole I was thinking of this.... however if they use phony renters they have to pay income ta...
by SethM
Mon Mar 19, 2018 12:24 pm
Forum: Real Estate Talks
Topic: Uninsured mortgages soar to 8-year high, even as Canada's housing market cools
Replies: 0
Views: 287

Uninsured mortgages soar to 8-year high, even as Canada's housing market cools

Banks lobbied CMHC and the Government to tighten up mortgage rules making it harder on the monolines. Now we see a surge in conventional financing. The banks could not have planned this any better. Conventional lending is more profitable for Banks especially when they have no competition due to taki...
by SethM
Mon Mar 19, 2018 2:13 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 46
Views: 3120

Re: Is the boom over?

Thanks JT but I am seeing lots of strength still in the Vancouver real estate market. Let's wait  and see what happens once the NDP housing policies to filter through though. That's the elephant in the room. 
by SethM
Wed Mar 14, 2018 2:03 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2455

Re: Speculation tax ! Finally

I'll take middle class immigrant over the rich ones - they make for better neighbours and are generally not tax evaders Money laundering, tax evasion, multi-million dollar owners in welfare is like cancer to the system. I really hope David Eby and his team can clean house. You are pinning your hope...
by SethM
Mon Mar 12, 2018 8:31 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1603

Re: The Money Pit Tax

Permitting in Metro Van is a disgrace. There is no way to justify waiting 2 years for a what should be a basic permit for a SFH. 3-4 years to deliver a house is absurd.  Don't get me started on permitting delays.These government workers think a good paying job is a right. They get every second Frid...
by SethM
Mon Mar 12, 2018 8:27 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2455

Re: Speculation tax ! Finally

Wow alota peeps drank the coolaid. Must have been the easy money. Too many personal agendas here and not looking at the big picture. The NDP is not going to cater to the people with vacation homes. They are trying to stop the bigger problem -> housing crisis. It's not healthy for people and the eco...
by SethM
Mon Mar 12, 2018 8:19 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2455

Re: Speculation tax ! Finally

Listen, I don't like big government that much.... but when we are playing a rigged game where foreigners sneak into Canada with ill gotten gains and manipulate our housing prices so locals can't have a decent life, I expect the government to a) stop it from even happening in the first place (didn't...
by SethM
Mon Mar 12, 2018 8:17 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2455

Re: Speculation tax ! Finally

Now you sound absolutely delusional.  :shock: You are the one that sounds delusional. This tax is nothing but a wealth and jealousy tax that will affect Canadians more than it will affect foreigners. Why should someone that works hard have to pay a tax on their second home in the Okanagan, on the I...
by SethM
Mon Mar 12, 2018 3:40 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1603

Re: The Money Pit Tax

Permitting in Metro Van is a disgrace. There is no way to justify waiting 2 years for a what should be a basic permit for a SFH. 3-4 years to deliver a house is absurd.  Don't get me started on permitting delays.These government workers think a good paying job is a right. They get every second Frid...
by SethM
Mon Mar 12, 2018 2:24 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1603

Re: The Money Pit Tax

"The number of “under-occupied” homes in Vancouver has almost doubled in the past 15 years, from 12,885 to 25,495 dwellings, according to census data. So it looks like the numbers are coming in quite a bit lower than predicted! The city won't even give us a straight answer on how many properti...
by SethM
Mon Mar 12, 2018 2:18 pm
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 14
Views: 625

Re: Trends for 2018

Another year.  Seeing some familiar names pop up around here. Glad to see you all still alive and aggravating each other as always.  Hard to believe its been a decade since the last real correction around here.  What do you all see for 2018?  Little late in the year - spring seems to be off to a la...
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