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tapioca
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normal house on albert st on for 1.298 million

Thu Feb 04, 2016 4:15 pm

 
jimtan
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Re: normal house on albert st on for 1.298 million

Thu Feb 04, 2016 5:56 pm

Here's bad news.

"Setback for Kitimat LNG as Shell postpones investment decision"

http://www.cbc.ca/news/canada/british-c ... -1.3433543

As commodities go bust, what else is left to sustain BC growth? Eventually, the RE cycle will turn down.
 
tdma800
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Re: normal house on albert st on for 1.298 million

Fri Feb 05, 2016 2:57 am

Lots of people still coming to the gva annually
 
jimtan
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Re: normal house on albert st on for 1.298 million

Fri Feb 05, 2016 8:21 am

I've been arguing that point as a bull since 2009. But, how far have houses risen since then. Even condo are up 50%. Will they keep coming after a big jump? Can RE prices up up forever?
 
westcoastfella
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Re: normal house on albert st on for 1.298 million

Fri Feb 05, 2016 8:47 am

A year ago we had a thread about the insanity of an Albert Street house going for over 1m... Now 1.3 seems on the cheap side. What a difference a year can make.

As usual, the ask is not important. What will it sell for?
 
jimtan
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Re: normal house on albert st on for 1.298 million

Fri Feb 05, 2016 3:41 pm

So much for the tech millionaires.

"Nasdaq sheds 3% amid massive tech sell-off"

http://www.cnbc.com/2016/02/05/us-markets.html

"Tech Rout Caps Week of Reversals as Economy, Earnings Hit Stocks"

http://www.bloomberg.com/news/articles/ ... hit-stocks


Frankly, the tech valuations are ridiculous. It is worrying that Alibaba, Amazon and Apple are all searching for a bottom. Easy come, easy go.
 
tdma800
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Re: normal house on albert st on for 1.298 million

Mon Feb 08, 2016 8:58 am

2016 will be a new year - to the moon!!!

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