The good side of falling real estate prices

Over at the Globe and Mail commenters are ‘feeling the schadenfreude‘ over falling Vancouver real estate values.

JP Beauchesne:

As a 32-year-old, I am definitely feeling the schadenfreude here. Housing prices are unrealistically high across much of the country, and I would like few things better than to see that market crash so that I can have a shot at buying a decent house myself

Read all the select comments here.

Saturday free-for-all! Money laundering edition.

It’s been our position for years that money laundering isn’t a primary driver of the Vancouver real estate market, but we’re now willing to admit it may be a factor.

So, does anyone have any good money laundering tips? The government doesn’t seem to mind and it looks like a good way to fund retirement.

As always post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

Friday Free-for-all! May 3rd 2019

Hey guess what? It’s May already!!

And it’s also almost the first Friday in May and that means it’s definitely time for a new thread.

Friday Free-for-all time!

It’s another one of our usually regular end of the week news round up and open topic discussion threads. So what are you seeing out there? Economic armageddon or boom times galore?

Leave you news links, thoughts and anecdotes in the comment section below and have a glorious weekend!

Friday Free-for-all! April 19th 2019

A very Good Friday to you all!

It’s the end of another work week and that means it’s time for another Friday Free-for-all, our open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

One half year into a decline

It’s not just Vancouver, sales are falling across the nation marking the first March decline since the recession.

Prices fell in seven of the 11 markets in the index, led by a 1.5 per cent drop in the capital region of Ottawa-Gatineau. In Victoria, British Columbia’s capital city, prices were down 1.1 per cent, with Vancouver prices down 0.5 per cent.

Canada’s once-hot housing market has softened since the start of last year, as tighter mortgage rules and five interest rate hikes from the Bank of Canada since July 2017 have curbed buyer spending power.

Read the full article here.