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


Search found 286 matches

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by yzfr1
Wed Nov 01, 2017 8:20 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

http://www.ctvnews.ca/mobile/business/statistics-canada-says-real-gdp-contracted-by-0-1-per-cent-in-august-1.3656604 "The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in hurry," Bank of Montreal chief economist Doug Porter wrote in a note to c...
by yzfr1
Tue Oct 31, 2017 8:15 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

https://image.ibb.co/n6WXoG/A43381_BD_1_BF8_4521_9559_90_BA170_C615_D.jpg I’m going to go out on a limb and say that Canada and American will never raise interest rates to anything meaniningful EVER again. Its been to long on emergency rates. To much borrowing and it will crash the system to get of...
by yzfr1
Tue Oct 31, 2017 8:01 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

http://www.ctvnews.ca/mobile/business/statistics-canada-says-real-gdp-contracted-by-0-1-per-cent-in-august-1.3656604 "The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in hurry," Bank of Montreal chief economist Doug Porter wrote in a note to cl...
by yzfr1
Thu Oct 26, 2017 6:10 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Just to be clear, I just locked in a fixed rate for my last 5 years of my mortage. It could go to 2000% and it would not affect me 1 bit. I understand the idea that those who are in a over leveraged situation are praying the interest rates are biased and tend to lean one way or the other. I’m trying...
by yzfr1
Wed Oct 25, 2017 12:18 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Gouverment policy trying to control housing pricing is smoke and mirriors.The illusion of due diligence. Foreign buyers tax? Why not out right ban foreign ownership. Conventional mortgages must qualify for higher rates? These mortgages are already the highest quality and least likely to default. Rea...
by yzfr1
Wed Oct 25, 2017 11:33 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

http://www.news1130.com/2017/10/25/bank-canada-rate-untouched/ “However, the bank says while its still-low interest rate of one per cent will likely rise over time, the governing council will remain cautious when it comes to future increases. The central bank is also releasing updated projections th...
by yzfr1
Fri Oct 20, 2017 10:09 am
Forum: Real Estate Talks
Topic: OSFI - Nee Mortgage Rules
Replies: 4
Views: 2084

Re: OSFI - Nee Mortgage Rules

It might force people to extend their amortization period to 35 years. Uninsured mortgages are the best kind, with 20% down it shows the buyer has some sort of saving ethics. As for this slowing the market down, if I want to buy something for $700,000 and I have $140,000 in downpayment. Am I just go...
by yzfr1
Tue Oct 17, 2017 8:59 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1187409

Re: Vancouver indvidual property sales details

The right house in the right neighbourhood is an easy sell. Love the design of this classic character. Additionally, it will qualify for the infill strata the city is planning 2472 28th ave e. 2516sqft detached built 33x110 RS-1 lot Ask $1,699,900 sell $1,750,000 on 5-Oct after 17 days That’s stupi...
by yzfr1
Sun Oct 15, 2017 1:23 pm
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 6121

Re: Did The Vancouver Foreign Buyers Tax Work?

Foreign buyers have learned how to circumvent the tax. Simple as that.
I agree with this as well. They moved heaven and earth to get money out of China. A simple 15% buyers tax is nothing to circumvent
by yzfr1
Sun Oct 15, 2017 1:20 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1187409

Re: Vancouver indvidual property sales details

The housing market is only SFH? Condos up 20-25% YoY... I remember you saying condos were worthless ETB? People willing to pay more for a generic box in the sky than a SFH! What gives?? During the tech bubble, garbage stocks were being traded at billions of dollars. Though people paid $$$ for it do...
by yzfr1
Sun Oct 15, 2017 1:14 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Makes we wonder where the politicians were when prime lending rates hit 22.75% in 1982. There was plenty of pain when people were losing their houses back then. But of course ... “it’s different this time”. Lol! It is different this time, 30 years of fractional lending and a ever increasing money s...
by yzfr1
Sun Oct 15, 2017 6:40 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 16
Views: 6121

Re: Did The Vancouver Foreign Buyers Tax Work?

http://www.macleans.ca/opinion/why-the-foreign-buyers-tax-isnt-making-vancouver-more-affordable/?utm_source=Facebook&utm_medium=Social.adparlour&utm_campaign=macleans&utm_term=promo&utm_content=opinion “In short, Vancouver is largely right back to where it was before the tax. The obvious question, t...
by yzfr1
Sat Oct 14, 2017 4:01 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 9163

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Makes we wonder where the politicians were when prime lending rates hit 22.75% in 1982. There was plenty of pain when people were losing their houses back then. But of course ... “it’s different this time”. Lol! It is different this time, 30 years of fractional lending and a ever increasing money s...
by yzfr1
Wed Oct 04, 2017 12:41 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1187409

Re: Vancouver indvidual property sales details

“For all property types, the sales-to-active listings ratio for September 2017 is 29.8 per cent. By property type, the ratio is 14.6 per cent for detached homes, 42.3 per cent for townhomes, and 60.4 per cent for apartments. Generally, analysts say that downward pressure on home prices occurs when t...
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