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Search found 1149 matches: richmond

Searched query: +richmond

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by Geyser
Fri Aug 19, 2016 4:30 pm
Forum: Real Estate Talks
Topic: Metro Vancouver real estate market in free fall?
Replies: 11
Views: 2519

Metro Vancouver real estate market in free fall?

... Vancouver markets and found the number of homes sold during the first two weeks of August in Greater Vancouver dropped by 85 per cent on average. Richmond experienced a 96 per cent drop in the number of sales and Burnaby North fell by 95 per cent. Vancouver’s West Side, West Vancouver, and Coquitlam ...
by Geyser
Wed Aug 10, 2016 2:00 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 56389

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

... The worry, now, is that the foreign owners will begin to sell, because it will no longer be fashionable to own RE in Vancouver, Burnaby and Richmond.  :shock: That's what it means when the FUN-damentals change.  :!: That makes perfect sense to me. Anecdotally, several realtors I know are ...
by jimtan
Wed Aug 10, 2016 8:10 am
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 56389

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

... The worry, now, is that the foreign owners will begin to sell, because it will no longer be fashionable to own RE in Vancouver, Burnaby and Richmond.  :shock: That's what it means when the FUN-damentals change.  :!:
by jimtan
Fri Aug 05, 2016 7:42 am
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 56389

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

... Look forward to the data from Richmond and Burnaby :mrgreen:
by jimtan
Fri Jul 22, 2016 11:30 pm
Forum: Real Estate Talks
Topic: Poll shows complex Vancouver real estate market
Replies: 59
Views: 13042

Re: Poll shows complex Vancouver real estate market

... like in UK and the States. The blowback is now already serious enough for our politicians to act. :wink: What's gonna happen in Burnaby and Richmond when the foreign buyers stay away? :!:
by tdma800
Wed Jul 13, 2016 8:29 pm
Forum: Real Estate Talks
Topic: Backward plan to make housing cheaper is about to backfire
Replies: 14
Views: 4371

Re: Backward plan to make housing cheaper is about to backfi

yep. and another result of Vancouver's political meddling will just skyrocket surrounding burbs to even higher prices ie. Richmond, Burnaby, Surrey, Delta, Coquitlam, Port Moody, Abbotsford etc To top it off, finding houses with or without people is complicated and hard as hell,. without ...
by Demonizer
Wed Jul 13, 2016 12:43 pm
Forum: Real Estate Talks
Topic: Backward plan to make housing cheaper is about to backfire
Replies: 14
Views: 4371

Re: Backward plan to make housing cheaper is about to backfi

yep. and another result of Vancouver's political meddling will just skyrocket surrounding burbs to even higher prices ie. Richmond, Burnaby, Surrey, Delta, Coquitlam, Port Moody, Abbotsford etc To top it off, finding houses with or without people is complicated and hard as hell,. without ...
by tdma800
Wed Jul 13, 2016 9:49 am
Forum: Real Estate Talks
Topic: Backward plan to make housing cheaper is about to backfire
Replies: 14
Views: 4371

Re: Backward plan to make housing cheaper is about to backfi

yep. and another result of Vancouver's political meddling will just skyrocket surrounding burbs to even higher prices ie. Richmond, Burnaby, Surrey, Delta, Coquitlam, Port Moody, Abbotsford etc To top it off, finding houses with or without people is complicated and hard as hell,. without ...
by Demonizer
Wed Jul 13, 2016 8:33 am
Forum: Real Estate Talks
Topic: Backward plan to make housing cheaper is about to backfire
Replies: 14
Views: 4371

Re: Backward plan to make housing cheaper is about to backfi

yep.

and another result of Vancouver's political meddling will just skyrocket surrounding burbs to even higher prices ie. Richmond, Burnaby, Surrey, Delta, Coquitlam, Port Moody, Abbotsford etc
by jimtan
Sat Jul 09, 2016 8:44 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 79455

Re: Should the government intervene?

... just as a downturn starts. :mrgreen: BTW ... "For the City of Vancouver, foreign nationals accounted for 4.1 percent of property sales. For Richmond, that number was 14.3 percent and for Burnaby it was 10.9 percent. For Surrey, it was 3.3 percent..." http://www.straight.com/news/733211/preliminary-government-data-vancouver-home-sales-says-less-five-percent-go-foreign
by jimtan
Thu Jul 07, 2016 11:08 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 79455

Re: Should the government intervene?

... by foreign buyers, almost all of them Chinese nationals. But certain areas showed a much higher level of foreign involvement in the market. In Richmond, foreign nationals made up 14 per cent of all buyers, spending $61 million out of the $371 million worth of purchases. In Burnaby foreign nationals ...
by tdma800
Mon Jun 06, 2016 11:47 am
Forum: Real Estate Talks
Topic: China is buying Canada: Inside the new real estate frenzy
Replies: 2
Views: 2025

Re: China is buying Canada: Inside the new real estate frenz

long and revealing article from McLeans in May/2016. The purchases used to be just Vancouver and Richmond. Now I hear of bidding wars against mainland Chinese buyers popping up in Delta, North Delta, White Rock, Coquitlam, etc. Seems any premium property in Vancouver area ...
by eyesthebye2
Mon Jun 06, 2016 10:36 am
Forum: Real Estate Talks
Topic: China is buying Canada: Inside the new real estate frenzy
Replies: 2
Views: 2025

China is buying Canada: Inside the new real estate frenzy

long and revealing article from McLeans in May/2016. The purchases used to be just Vancouver and Richmond. Now I hear of bidding wars against mainland Chinese buyers popping up in Delta, North Delta, White Rock, Coquitlam, etc. Seems any premium property in Vancouver area ...
by jimtan
Sat Jun 04, 2016 6:39 am
Forum: Real Estate Talks
Topic: Is Vancouver housing sales beginning to slow down?
Replies: 47
Views: 9265

Re: Is Vancouver housing sales beginning to slow down?

... as foreign residents (Europeans and Americans included) and temporary local residents (students). That is, foreign buyers = investors. CoV and Richmond has a large non-Caucasian population. But, the overwhelming majority are long term residents and second generation citizens. That is, local ...
by tdma800
Wed May 25, 2016 7:27 am
Forum: Real Estate Talks
Topic: Poll shows complex Vancouver real estate market
Replies: 59
Views: 13042

Re: Poll shows complex Vancouver real estate market

... cities dont have an infrastructure of Chinese culture that enable a newcomer such an easy transition to a new country. You live in Vancouver or Richmond you never have to speak Enlish. they also aren't that welcoming of foreigners either
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