dosh is just an idiot who has never been to an art gallery or an opera, he thinks culture is something that comes from his ass when he sits on the toilet.

Hey, I am working as a Toronto real estate agent for 10 years but I never seen such an analise before. Where did you find that chard???:)

[…] Speculation. As happens far too often in markets around the world speculation is running rampant in the Vancouver real estate market. Huge marketing teams push condo development presales and buyers hope to flip them for a quick buck. This means the market prices don’t reflect true resident demand for housing. Speculation drives market prices up beyond what resident’s incomes support. […]

this is the best period to make up your mind and invest in that while the prices are not so high.

Is that really you Jay Banks? Or just someone linking to your site? Please tell why 'prices are not so high'. Can you find a single property in vancouver that will cashflow on rental income, because I do believe that would be the standard measure of an 'investment' property. Otherwise you're just speculating on future gains. That's turned out badly for people buying in MANY other markets over the last year.

The Vancouver real estate market is undoubtedly not in decline disregarding the fact you wanted to make a mockery out of it or not. In addition this is the best period to make up your mind and invest in that while the prices are not so high. I think that this place is more and more desirable considering the vast range of job opportunities.

BTK

http://tinyurl.com/yrl3kj

(before the dot.com crash)

I wouldn't mind buying a condo, but not at a ridiculous price. If I could rent a car for half the cost of buying one there's no way I'd buy one, so why would I buy a condo right now?

I think most of the people on the blog wish to purchase a home, not a condo and have more than 50k.

Damn, We are always in need of industries to get jobs not to buy homes lots of people got jobs here since when ever they have start working,the question is are you able to buy home? being on bears side means no!you can not afford or you don’t like to buy or you don’t want to buy. jobs are growing every month did you buy anything since when ever.If market looks bub to you why did you miss the boat when prices were under control?????. So if we double the export from now would you be able to buy?No!no!no. What’s his point is no matter what you think of market but people from within provinces of canada,usa,and over seas are still buying. Some cut out cinnamon rools ——————– “How many of you are ready to buy a place granted the… Read more »

I'm not sure why the media is stating we have so much more trade with India and China. This decoupling theory and that India and China will pick up our export slack is a bunch of bunk. We are so dependent on the U.S. for exports and our financial well being in Canada. End of story.

The 75% – 76% was an estimate from stats can for 2007. Unable to locate link right now.

Hughz,

Thanks for posting B.C's current export rate.

Try this link out:

http://www40.statcan.ca/l01/cst01/gblec02a.htm

Seems like it was right in the middle in 2006 at 79.2%.

"75% of all Canadian exports go to the U.S."

Do you have a link for that? It's been 85-86% for years, including last year according to this government link:
http://www.investincanada.com/director.aspx?tabid…

patriotz:

"'I’m just very surprised at seeing how little we export to China and India'

Just what is so surprising about it? What does BC produce that they can’t get from a closer source? India is practically on the other side of the planet, for heaven’s sake. Could this province please get over its incredible self-importance?"

I'm not sure if you're perhaps implying that I believe that BC is "the best place on earth" or something. The export numbers quoted were much smaller than I would have anticipated. That's bloody all. Guess I'm a little thick. And I'm guessing maybe you need a hug.

I’m just very surprised at seeing how little we export to China and India

Just what is so surprising about it? What does BC produce that they can't get from a closer source? India is practically on the other side of the planet, for heaven's sake. Could this province please get over its incredible self-importance?

Russia (Siberia) is right on the border with China and not all that far from India, and Australia is much closer to both of them as well.

"Japan is Australia’s leading market for exports of goods and services ($35.5 billion in 2006-07), followed by China ($26.4 billion), the United States ($15.5 billion), the Republic of Korea ($14.9 billion) and New Zealand ($12.7 billion)."

Kinda figures.

Second, losses for the financial system from the subprime disaster are now estimated to be as high as $250 to $300 billion. But the financial losses will not be only in subprime mortgages and the related RMBS and CDOs. They are now spreading to near prime and prime mortgages as the same reckless lending practices in subprime (no down-payment, no verification of income, jobs and assets (i.e. NINJA or LIAR loans), interest rate only, negative amortization, teaser rates, etc.) were occurring across the entire spectrum of mortgages; about 60% of all mortgage origination since 2005 through 2007 had these reckless and toxic features. So this is a generalized mortgage crisis and meltdown, not just a subprime one.

Vancouver is home to… EA sports and the 2010 Olympics?

Hey, you forgot Lululemon!

And now, a Toll Brother's daughter is walking the walk!

Florida Taking Its Toll (Brothers) On Daughter's Condo

"You just can’t make this stuff up. Apparently even a big builder’s daughter can’t seem to keep faith in the Florida housing market. According to an SEC filing, Wendy Topkis, daughter of Toll Brothers co-founder and Vice-Chairman Bruce Toll, is walking away from a Florida condo, just like everyone else. A Toll Bros. condo!! The Palm Beach Post says it best: Et Tu Wendy?"

"IF the US goes into recession it might have an effect back east, but Vancouver is different, our customers are all over the world and we’re not manufacturing widgets. We are a cultural center like New York or London as much as some of the bears here hate to hear that." Haha… I was just in London on the weekend, and there is no possible way to compare Vancouver to London. We were at the Chelsea Liverpool match on Sunday, and on the walk there saw a Bentley followed by a Lambo followed by a Ferrari. So many supercars there it's insane! Brand new Porsche's, ever 4th car. Cars I've only seen in calendars and magazines. The money in London comes from the huge number of world bank headquarters and other financial institutions… And the 2012 Olympics. Vancouver is home… Read more »

So many keep referring to these countries when speaking of “decoupling”

For some reason the decoupling theory was taken as fact, when a simple reasonability test woudld have blown it out of the water. That is not to say that over longer periods of tiem (say decades), there will be a larger shifts away from U.S. production and consumption.

and how we’re going to avoid a recession here even if the US economy tanks

We won't avoid it. Also, remember that the action is at the margins. Commodity prices are based on the global situation. Even if we didn't sell a single 2×4 to the U.S, a U.S. recession would reduce the value of our exports.

Hey Hughz,

Could you let us know, from the BC export data you referred to, what the top 5 countries are that we export to (and the associated breakdown in percentages). If it's too much of a hassle, or requires some number crunching, whatever, don't worry about it. I'm just very surprised at seeing how little we export to China and India. So many keep referring to these countries when speaking of "decoupling" and how we're going to avoid a recession here even if the US economy tanks.