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


Search found 729 matches

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by reallyreal2
Tue May 01, 2018 1:51 pm
Forum: Real Estate Talks
Topic: Shady Realtors Anecdotes
Replies: 107
Views: 8082

Re: Shady Realtors Anecdotes

I got pointed to this article by a friend: https://www.mikestewart.ca/presale-condo-assignments-are-not-shadow-flips-and-do-not-push-up-real-estate-prices-in-vancouver/ If someone has some time, it would be great if they could translate this blog for me.  Clearly cue-ball didn't pass the grammar por...
by reallyreal2
Wed Apr 04, 2018 1:16 pm
Forum: Real Estate Talks
Topic: Vancouver Detached Sales hit 27 year low
Replies: 3
Views: 680

Re: Vancouver Detached Sales hit 27 year low

Temporary blip... market is just taking a breather... remember this is the best place on earth... no more land... etc etc
by reallyreal2
Fri Mar 30, 2018 10:23 am
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 509

Re: What should the 3 levels of gov do?

Agree with everything you have said here. How about a minimum tax on properties that is punitive yet clawed back based on the required income to own a property. Something like this: You own a $5M home in Shaugnessy as a satelite family.  You pay virtually no income tax in Canada or BC because all yo...
by reallyreal2
Fri Mar 30, 2018 10:02 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2933

Re: Speculation tax ! Finally

I was thinking of this.... however if they use phony renters they have to pay income tax out of their own pocket without rental income. The question is does CRA cross check the income taxes against the list of homes with exempted speculator tax. The answer to this is that CRA is useless. If they st...
by reallyreal2
Wed Mar 28, 2018 7:11 pm
Forum: Real Estate Talks
Topic: Realtors Lose License For Only A Year For This?
Replies: 3
Views: 273

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

In BC they'd probably get a pat on the back.
by reallyreal2
Mon Mar 19, 2018 8:33 am
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 50
Views: 4117

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.  I follow N Burnaby quite closely - inventory is very low.  Lot of sold signs.  Not sure wh...
by reallyreal2
Thu Mar 15, 2018 3:39 pm
Forum: Real Estate Talks
Topic: Shady Realtors Anecdotes
Replies: 107
Views: 8082

Re: Shady Realtors Anecdotes

http://www.news1130.com/2018/03/15/anonymous-tipline-launches-aimed-bc-real-estate-misconduct/ In case anyone is interested.  Great way to protect the public by having a self regulating agency receive anonymous tips and hand out hundreds of dollars in fines when realtors are guilty of misconduct in...
by reallyreal2
Tue Mar 13, 2018 11:36 am
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1840

Re: The Money Pit Tax

you do realize the tax scheme is going to drastically hurt supply, and raise the cost of building a new home.  Which is of course passed onto the purchaser.  E.g. Additional PTT over 3 million, developers are caught paying those fees.  Much of what the NDP is doing is going to have unintended conse...
by reallyreal2
Tue Mar 13, 2018 11:35 am
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1177

Re: Trends for 2018

I keep track of the sales on under 2M market. The floor has not moved - not one bit. You still cannot get a decent home on a standard sized lot for under about 1.2M...this is pretty much the same as 3 years ago. There are currently 1494 detached properties for sale in Vancouver proper. Only 340 of ...
by reallyreal2
Tue Mar 13, 2018 8:33 am
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1840

Re: The Money Pit Tax

Empty homes was never really an issue.  What the big issue was is AIR BNB, and of course jealousy.  A lot of these "empty homes" are homes waiting to get demoed and the city is taking a year to complete building permits.  From my personal experience, I have a client that has been waiting ...
by reallyreal2
Mon Mar 12, 2018 9:04 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2933

Re: Speculation tax ! Finally

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 Island, in Whistler, etc. If people like commun...
by reallyreal2
Mon Mar 12, 2018 9:00 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1840

Re: The Money Pit Tax

Don't get me started on permitting delays.These government workers think a good paying job is a right. They get every second Friday off and at 4;20 pm stop answering their phones. Lots of sick days and personal days, full benefits and a pension. If you follow up on a permit you are waiting for they...
by reallyreal2
Mon Mar 12, 2018 7:12 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1840

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 reallyreal2
Mon Mar 12, 2018 7:10 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2933

Re: Speculation tax ! Finally

This article nails it. The daft NDP has to stop attacking demand. We need more supply. Municipal approvals are way to slow. Their bottle neck is causing the price surges. The NDP  and Greens will kill real estate here and the economy.  https://biv.com/article/2018/03/foreigners-perspective-bc-budge...
by reallyreal2
Mon Mar 12, 2018 7:05 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2933

Re: Speculation tax ! Finally

NDP real estate tax no different than Trump's wall . It is utterly ridiculous: https://biv.com/article/2018/03/bc-housing-tax-tainted-trumpism-sam-sullivan?utm_source=BIV+Newsletters%2C+effective+July+1%2C+2017&utm_campaign=a2ebebc6e4-EMAIL_CAMPAIGN_2018_03_12&utm_medium=email&utm_term=...
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