BullsproductiveWould you please stop changing names every few days SATV?It's incredibly obvious by your terrible grammar and misuse of words who you are, it's just silly for you to change nicknames so often.

Cheapskate……never trust a Lieberman !!!!!

MarkX: rob's numbers: Unless you have a job that don't depend on general economy, wishing for a crash of economy would be a no win game.You misunderstood my posts. I most definitely do not wish for an economic shock.I agree, with you, the bubble can pop without an economic shock. Bubbles usually pop, when everything looks just fine.In fact the bursting of the bubble may cause the economy to crash, which is my point.What will happen to our local economy when RE is no longer a driver, either because it has crashed, and nobody wants to buy, and people are thrown out of work.Or conversely, it gets so expensive,and sales drops so low RE is no longer an economic driver?And don’t buy into the farce that the foreign rich investors will keep the market afloat; the foreign rich investors don’t… Read more »

OT, Bob Rennie is apparently expanding into Montreal. Just got a flyer from Rennie Marketing System, advertising "Le District" condos. Typical Rennie stuff. Unfortunately, he couldn't bother to get the website listed on the flyer up and running. Sad. The price is from $240 – $280/sf, by the way. Pretty pricey for areas just outside downtown Montreal actually.The functional website is http://www.ledistrict.ca, I think.

The letter in the Sun from the real estate pro is exactly the type of attitude that I'm so tired of. If someone questions the affordability of a 1.25 million dollar basement suite they get portrayed as whining.The author of the original article certainly didn't come off a expecting that they should live in a penthouse.

Yes, I think its true to a certain extent that Vancouver has always been a relatively expensive place to live, compared to TorontoIn terms of local incomes, yes, because Toronto has (and I think has had for some time) higher incomes.But in dollar terms for both rent and house prices, no. Vancouver and Toronto have historically been neck and neck, making allowance for the out-of-phase RE cycles in the two cities (e.g. Toronto bust in early 90's, Vancouver bust in early 80's).Rents are still about the same, but Vancouver prices are now 70% above Toronto, which I doubt was even matched in 1981.Bubble? What bubble?

Who, in the real world, can afford to live here now?Just wondering if those homes are empty?Freako,Life is not just buying or renting a house,there are lots of other duties and responisibilities.So better if things can take place in life on schdule time.School/college/university/job/marriage/kids and socail participation.no body can replace those with one and onotherSo if some one can manage monthly payments on any unit just get away with it and enter into next step.

RTFA. That was quoted from the article. Unless the article was being sarcastic?I did RTFA, it could have been the bong hit clouding my perception but I swear the author of the article was being sarcastic with that comment. Could you imagine being the reporter assigned to write that story? Burnt out bong smoking snowboarders becoming real estate tycoons, grade 8 dropout pro hockey players investing in massive RE developments? This is one of the most sarcastic articles I have read in a long time, intended or not.

From Cheapskate's second link."Landlord-bashing does nothing but drive investors from the rental market."All RIGHT, let's get to some serious landlord bashing!Finally someone tells us what we have to do to pop the bubble!

interesting observation: Onni/Amacon has a land holding at Pacific Blvd and Seymour St.At one point a tower was advertised but now is being converted into a park and community garden…… awwww they are such nice people!a little change of plans maybe?do they see something?

thanks for the links cheapskate,The first article is laughable. Obviously this "real estate professional" has no idea of what fundamentals are, or affordability. Yes, I think its true to a certain extent that Vancouver has always been a relatively expensive place to live, compared to Toronto and other major Canadian cities, but nothing justifies current prices.The second article sounds like the blame game more than anything. Why are renters to blame? They are paying market rates. Landlord-bashing doesn't drive investors from the rental market, rental yield does. As a landlord and a tenant, I think the RTA is pretty balanced. Its been there for years, with some modifications by the Liberal government. Obviously the regulations should be reviewed by anyone wanting to be a landlord (or tenant).

Any body before 35 year of age if they can afford monthly mortgage payments should proceed without any fear.Define "afford". Our payments as percentage of income lead the continent. 44% DSR is nothing to sneeze at. Especially in a low inflation environment. Whatever pain mortgage payments cause they better get used to it, because real payments will shrink at a glacial pace.And second, define "fear". What if the "fear" is overpaying for a house by $200K? Surely most people would care about losing such a sum?

OPTIMISTIC SPIRITSo all the players/athletes are showing an excellent team work.They can buy their own stanely cups if they want to.The message is loud and clear that we can not take our current status for guranteed.Specially age is a main factor,I am worried about people who are over 35 and did not buy anything yet,because around 40 its very hard to take a mortgage decision.Any body before 35 year of age if they can afford monthly mortgage payments should proceed without any fear.Anyway little bit off the topic: countinue from last page here is little update smile for all the "bears" and "bulls"Had Enough said…sadly that will never happend -yeah- hon -hon.OK here we got a smile for all.GST cut one percentage point to 5%, effective Jan. 1, 2008 Personal income tax cut retroactive to Jan. 1, 2007, cutting lowest… Read more »