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


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by eyesthebye2
Fri Mar 30, 2018 5:17 pm
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 410

Re: What should the 3 levels of gov do?

Only Canadian citizens buy in metro Vancouver, not landed immigrant. If you aren't willing to become a citizen you're just passing through with no intention of setting up roots in Canada Why Eyes?  Why is this good for our housing market? I'm willing to listen to the reasons, before I give my reaso...
by eyesthebye2
Fri Mar 30, 2018 10:41 am
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 410

Re: What should the 3 levels of gov do?

Only Canadian citizens buy in metro Vancouver, not landed immigrant. If you aren't willing to become a citizen you're just passing through with no intention of setting up roots in Canada
by eyesthebye2
Thu Mar 29, 2018 7:03 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

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 eyesthebye2
Tue Mar 27, 2018 12:31 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

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
by eyesthebye2
Wed Mar 14, 2018 5:00 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

Re: Speculation tax ! Finally

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 hopes on a tax that is called a speculation tax, but does nothing to combat speculation.  Sayanything John is extremely corr...
by eyesthebye2
Tue Mar 13, 2018 10:59 am
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1017

Re: Trends for 2018

I'm inclined to agree with Eyes here. Buyer pool for under 2 million seems more like locals with equity money from a townhouse or condo looking to move up. Equity money typically wont be getting you into a house over 2 million on income alone. I realize this is a generalisation, locals buy over 2 m...
by eyesthebye2
Tue Mar 13, 2018 7:58 am
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1017

Re: Trends for 2018

How do $2m+ homes lose value but under $2M stay flat That's what's been happening since 2016. 2M plus market is not the same as under 2M. If immigration and foreign buyers are effected it will certainly mean problems with the West side...the over 2M homes I'm inclined to agree with Eyes here. Buyer...
by eyesthebye2
Mon Mar 12, 2018 10:26 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

Re: Speculation tax ! Finally

Canada needs immigration and I think you would agree that rich immigrants are better than poor immigrants that stress our social assistance resources.


I'll take middle class immigrant over the rich ones - they make for better neighbours and are generally not tax evaders
by eyesthebye2
Mon Mar 12, 2018 3:55 pm
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1017

Re: Trends for 2018

How do $2m+ homes lose value but under $2M stay flat


That's what's been happening since 2016.
2M plus market is not the same as under 2M. If immigration and foreign buyers are effected it will certainly mean problems with the West side...the over 2M homes
by eyesthebye2
Thu Mar 08, 2018 8:30 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 49
Views: 3831

Re: Is the boom over?

I missed you eyes! Condescending as always!  You wont have to pass the official stress test, if you resign with the current lender. If you change lenders, you do.  If your lender views your position as higher risk upon renewal they get to choose under what terms, and rate they will renew your mortg...
by eyesthebye2
Thu Mar 08, 2018 11:25 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 49
Views: 3831

Re: Is the boom over?

are underwater 10% that can have real implications on your ability to refinance your property come renewal time Actually, you won't have any problems renewing. You only qualify for the first mortgage - for the renewals, your mortgage holders simply send a you the paperwork to sign. No qualifying. I...
by eyesthebye2
Thu Mar 08, 2018 11:11 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

Re: Speculation tax ! Finally

You think everyone successful just steals money?


I believe that the more money you have, the greater the chance you cheated or stole to have it. There are some that did it honestly, but we sure are overrepresented in the dirty ones here in Vancouver.
by eyesthebye2
Wed Mar 07, 2018 5:05 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 49
Views: 3831

Re: Is the boom over?

are underwater 10% that can have real implications on your ability to refinance your property come renewal time Actually, you won't have any problems renewing. You only qualify for the first mortgage - for the renewals, your mortgage holders simply send a you the paperwork to sign. No qualifying. I...
by eyesthebye2
Wed Mar 07, 2018 2:16 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 49
Views: 3831

Re: Is the boom over?

Here? Late-comers get burned. "Toronto Home Sales Remain Depressed as Prices Begin Stabilizing ... sales in Canada’s once-hot housing market fell 35 percent from a year earlier to 5,175 units, according to data released Tuesday by the Toronto Real Estate Board. It was the weakest month of sale...
by eyesthebye2
Wed Feb 21, 2018 10:27 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

Re: Speculation tax ! Finally

more writing on the wall. I was afraid that the NDP would not live up to their promises but I have to say... they delivered. It couldn't have turned out any better that they needed Green party's support to win government. Weaver will keep them in check. I'm looking forward to see if they implement ...
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