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


Search found 69 matches

by oli
Tue Jul 25, 2017 9:35 pm
Forum: Real Estate Talks
Topic: Capital Gains Exemption for Primary Residence
Replies: 9
Views: 2544

Re: Capital Gains Exemption for Primary Residence

a) the income-producing use is ancillary to the main use of the property as a residence;

"ancillary" in this context means for example a shared kitchen/bathroom?  
Wouldn't most suites satisfy these 3 criteria?
by oli
Wed Jul 19, 2017 3:38 am
Forum: Real Estate Talks
Topic: Capital Gains Exemption for Primary Residence
Replies: 9
Views: 2544

Capital Gains Exemption for Primary Residence

Anyone sold their house recently with an authorized/unauthorized suite that was rented out?

Assuming the house was your PRIMARY residence, did the rental affect your capital gains exemption?  
by oli
Tue Jun 13, 2017 10:01 pm
Forum: Real Estate Talks
Topic: Selling a house in surrey- how much real estate commission?
Replies: 19
Views: 5000

Re: Selling a house in surrey- how much real estate commission?

How much did you end up paying and did the house sell quickly?  
by oli
Sun Jan 29, 2017 10:14 pm
Forum: Real Estate Talks
Topic: Current Buy vs Rent Scenarios
Replies: 36
Views: 6445

Re: Current Buy vs Rent Scenarios

So are you renting or did you buy?  If you did the same exercise the last few years, your 2% will need to be ten times more.  
by oli
Fri Dec 09, 2016 11:14 pm
Forum: Real Estate Talks
Topic: Exclusive listing vs MLS
Replies: 3
Views: 1838

Re: Exclusive listing vs MLS

I'm not familiar with exclusive listings but what you are describing does sound shady. 1)  If only the agent sees the offers, then he can easily deal 'under the table' with the bidder who gives him the most commission. 2)  Even if he tells you the developer/buyer pays the commission - you are also i...
by oli
Wed Dec 07, 2016 1:28 pm
Forum: Real Estate Talks
Topic: How do you explain Vancouver plummeting and Toronto surging?
Replies: 87
Views: 11021

Re: How do you explain Vancouver plummeting and Toronto surging?

Yes... that really seems to be the main reason. The divergence happened as soon as the 15% tax was slapped on. If you're an overseas speculator/"investor" and want to own canadian property, why pay the 15% extra in van if you can just buy in toronto - which was cheaper in comparison at the time. Th...
by oli
Wed Dec 07, 2016 10:18 am
Forum: Real Estate Talks
Topic: How do you explain Vancouver plummeting and Toronto surging?
Replies: 87
Views: 11021

How do you explain Vancouver plummeting and Toronto surging?

http://www.greaterfool.ca/2016/12/04/think-different/

The one major difference I can think of is that BC has the 15% foreign buyer's tax and Toronto doesn't (yet).  
by oli
Wed Oct 12, 2016 11:27 pm
Forum: Real Estate Talks
Topic: Latest Detailed Stats (Sept.) for Lower Mainland Cities 5 pages
Replies: 8
Views: 2267

Re: Latest Detailed Stats (Sept.) for Lower Mainland Cities 5 pages

You were responding to the Detailed 5 pages report which was correct. I put up the Greater Van Report Sept 2015 by mistake.  Folks you do not know how long it takes to put up this information. Looking at your responses it looks like this info is not of interest so I will stop putting this info on t...
by oli
Wed Oct 12, 2016 11:19 pm
Forum: Real Estate Talks
Topic: Shady Realtors Anecdotes
Replies: 108
Views: 17059

Re: Shady Realtors Anecdotes

And then there's  Charles Bilash , who con'd his own buyer clients into paying a higher price than the Seller's last counter offer, and he in turn got the difference in extra commission. The Sellers smelled something fishy because why would the Buyers offer more than their counter??  So they kept th...
by oli
Wed Oct 12, 2016 3:41 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1085592

Re: Vancouver indvidual property sales details

2985 E 2nd Ave - 37 years old - 33 x 124 - 2,627 sq ft.  Sold for $1.398M - Vancouver Special Let's look at some other Vancouver Specials selling earlier in the year. 2672 Napier St. - 33 years old - 33 x 110 - 2,170 sq ft.  Sold  for $1.66M on June 6 - Vancouver Special ... in other words today's ...
by oli
Wed Oct 12, 2016 3:21 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 49166

Re: How far can it drop? 20% or 30%?

Steve Saretsky should be listing out specific examples showing comparables in areas that went up the most the last couple of years.  ie:  Van East/Van West/Richmond/Burnaby detached.  Similar location/sqft/age/lot size.   I don't believe in the frankenumbers put out by the board either, but averages...
by oli
Tue Oct 11, 2016 2:47 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 49166

Re: How far can it drop? 20% or 30%?

People didn't rush back into the market when Vancouver home prices dropped between 40% and 60% in 1982. It took decades for the inflation adjusted prices to return to peak. The collapse was so fast (6 months from peak to trough) it scared away an entire generation of buyers. But is this more like 2...
by oli
Tue Oct 11, 2016 1:44 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 49166

Re: How far can it drop? 20% or 30%?

People in the know realize that there's a pretty good number of 34,000 or so a year coming that need a place to live, and that this is Canada, not other irrelevant places like Europe or America. but how many of those can actually afford the price? and i bet not everyone single one of them planning ...
by oli
Tue Oct 11, 2016 1:17 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1085592

Re: Vancouver indvidual property sales details

1125 Nootka sold for $1.22M Standard lot... nice neighourhood... liveable home.... check-check-check 1036 Nootka sold for $1.24M back in Jan 2016. Very comparable in terms of location, lot size, sqft, yr built. The $/sqft is actually cheaper than 1125.   But these are just one off comparisons... I ...