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


Search found 40 matches

by 2000sqft
Mon Apr 10, 2017 3:58 pm
Forum: Real Estate Talks
Topic: How do you explain Vancouver plummeting and Toronto surging?
Replies: 87
Views: 12366

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

Vancouver is the home of money laundering through the principal residence exemption.   Regular joes are still getting well below ask for homes - these "sales" are grey market transactions that fooled many of the suckers in Vancouver. Lots of houses out there getting nowhere near peak prices - I won...
by 2000sqft
Mon Apr 10, 2017 3:43 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

3130 east 7th ave 2200sqft detached built 1962 33x122 RS-1 lot Asking $1,468,000 Sold $1,520,000 on 28-March-2017 after 9 days on the market Well kept & clean large 6 bedroom home (3 up and 3 down) in good condition. Shiny original hardwood floor, double glaze windows, new updated kitchen and bathr...
by 2000sqft
Wed Mar 29, 2017 3:34 pm
Forum: Real Estate Talks
Topic: New affordable housing policies for the young
Replies: 166
Views: 20241

Re: New affordable housing policies for the young

there is a rediculous amount of cash on the sidelines...many people CHOOSE to rent not because they cant afford to buy its because they dont want to purchase... people can move away from the city if they want...truth of the matter is that for every 1 person that wants to move out..theres like 3-5 pe...
by 2000sqft
Mon Mar 27, 2017 2:58 pm
Forum: Real Estate Talks
Topic: New affordable housing policies for the young
Replies: 166
Views: 20241

Re: New affordable housing policies for the young

..In Vancouver, if your income is anywhere below $150,000, you’ll have a hard time buying a new condo. If you make less than $50,000, good luck finding a rental that doesn’t eat up more than 30 per cent of your paycheque. thats not true...there are people making not even in the 6 figures and they c...
by 2000sqft
Mon Mar 27, 2017 2:56 pm
Forum: Real Estate Talks
Topic: New affordable housing policies for the young
Replies: 166
Views: 20241

Re: New affordable housing policies for the young

..In Vancouver, if your income is anywhere below $150,000, you’ll have a hard time buying a new condo. If you make less than $50,000, good luck finding a rental that doesn’t eat up more than 30 per cent of your paycheque. thats not true...there are people making not even in the 6 figures and they c...
by 2000sqft
Mon Mar 27, 2017 2:48 pm
Forum: Real Estate Talks
Topic: New affordable housing policies for the young
Replies: 166
Views: 20241

Re: New affordable housing policies for the young

..In Vancouver, if your income is anywhere below $150,000, you’ll have a hard time buying a new condo. If you make less than $50,000, good luck finding a rental that doesn’t eat up more than 30 per cent of your paycheque. thats not true...there are people making not even in the 6 figures and they c...
by 2000sqft
Thu Mar 23, 2017 8:26 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

I don't think developers fill the gap, developers are always looking for a property that is in a prime location and good candidate for development.  To many factors to list on what makes a property desirable. Yes I purchased a property last June, maybe a little over 9 months ago. Also your mistaken...
by 2000sqft
Wed Mar 22, 2017 3:46 pm
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 75940

Re: Should the government intervene?

First I am hearing of eliminating CGE.  Yep - budget made no mention of it.  Doesn't mean it can't happen in the future. I guess when it happens it will be good for everyones kids..... Would it effect the kids at all?  Parents pass away and there is a smaller pie in the inheritance.  Smaller DP on ...
by 2000sqft
Wed Mar 22, 2017 1:56 pm
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 75940

Re: Should the government intervene?

such a talk was existent for awhile already and they just announced the budget which did not include any changes there..... First I am hearing of eliminating CGE.  Yep - budget made no mention of it.  Doesn't mean it can't happen in the future. I guess when it happens it will be good for everyones ...
by 2000sqft
Wed Mar 22, 2017 1:55 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

The best person to ask is harahomes.   Do you think developers fill the gap and act as market makers when the market is falling?   Curious, have you purchased anything in the past nine months? I did a quick check of the sales in E Van for past 14 days - didn't get too involved in the numbers but I ...
by 2000sqft
Wed Mar 22, 2017 1:53 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

It just occurred to me. Quite a few sales are old time tear downs. Usually devloperes are buying those to build new homes. Buying 1950 old home to renovate isn't as common I would think. Having said that I wonder if the pickup in sales are developers making use of the slump in market and picking up...
by 2000sqft
Wed Mar 22, 2017 1:52 pm
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 75940

Re: Should the government intervene?

such a talk was existent for awhile already and they just announced the budget which did not include any changes there.....
by 2000sqft
Sun Mar 19, 2017 7:56 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

Burden of proof The burden of proof ( Latin : onus probandi ) is the duty of a party in a trial to produce the evidence that will shift the conclusion away from the default position, to that party's own position. In a legal dispute, one party is initially presumed to be correct and gets the benefit...
by 2000sqft
Sun Mar 19, 2017 7:54 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

Riiiiiiight.... had nothing but time to post replies about stock markets and pensions but none to further your wishful argument of a strong market. We all know these sales might be overask but the asking price was reduced (you happen to omit that info) and that these sales are representative of sal...
by 2000sqft
Sun Mar 19, 2017 7:04 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1153856

Re: Vancouver indvidual property sales details

Riiiiiiight.... had nothing but time to post replies about stock markets and pensions but none to further your wishful argument of a strong market. We all know these sales might be overask but the asking price was reduced (you happen to omit that info) and that these sales are representative of sal...