Real Estate Talks

Ho Ho

I'm cool. Let Trudeau help first time buyers. Fewer renters!!!!!

"Federal budget's new housing affordability policy getting mostly positive reviews in B.C."

https://www.cbc.ca/news/canada/british- ... -1.5063539

Just means that the high end (and detached houses) is still a dead duck.

Fraser Valley definitely …

"Fraser Valley Condo Assignment Listings Hit Record High"

https://stevesaretsky.com/fraser-valley ... cord-high/


Market has downside since the speculators have not been shaken out.

Heads Up...

"Burnaby council passes ambitious plan to protect rental housing stock"

https://www.straight.com/news/1246261/b ... sing-stock

Here's the October 2018 report from CMHC on rental vacancies. Burnaby had a significant spike in vacancies in purpose-built and private apartments. Prices should be soft from the oversupply around Metrotown. But, vacancies are still tight in CoV and Surrey. Have to wait for another recession before a big fall in condo prices.

https://www.cmhc-schl.gc.ca/en/data-and ... or-centres

I'll expect more of the same from the 2019 report.

demand is still strong. Supply is improving...

https://stevesaretsky.com/apartment-ren ... cord-high/

Still, we need construction of 20k units to gain some breathing space.