^LMAO, dude, chill out 😀 Downtown Vancouver is great, it's where the action is.

The ratio for the GVRD is 72% owner occupied, not sure what Vancouver proper is it's not broken down, but would be very similiar.

re: Vancouver Rental Rates

I remember specifically a few years ago stats being released that half of Vancouver rented and half owned

Not bashing Anonymous – just wondering where you picked up your numbers?

"I also thought the razor wire on top of the fences would be a turn-off to potential buyers."

No kidding! And, yes probably $1.4M per… sales slogan goes something like: "Steps away from historic Chinatown"…"equipped with its own secured razor wire fence" 😀

Rentha,

Those figures are from b.c.

Corner of venables and gore:

Strange place for three houses, but I have seen them hold open houses, and I saw people coming and going.

Not sure what prices they are asking but I'm sure it's high.

I also thought the razor wire on top of the fences would be a turn-off to potential buyers.

Anonymous said: 70% people are home owners and 30% people are renting till 2007.There was 2% to 3% percent increse in home ownership btw 05-07.

Are those the Vancouver figures. They look more like the US figures to me. I think we have a lower percentage of owners here.

MUG SHOT-WEEK ENDING SALES VS LISTING

"we look like we’re about 30% down in listing volume, and we’re about 30% up in sales volume"-from the best real estate anywhere.

I guess with all the competition you’ve got try new things to stand out.

lessee… sign twirlers

this helped prevent the collapse of RE in California

and drove employment levels way up enabling the sign twirlers to purchase their own RE…..

lotsa balloons…. always an attraction

this weekend there were 3 total townhouses for sale (OPEN House on all of them) in our YT building…. never seen that many before…alas no balloons 🙁

Wow, what a great weekend in fabulous downtown Vancouver. I am appreciating this city and it's natural beauty more than ever. All my friends downtown think I am crazy for moving to Ontario, they tell me that if you like restaurants and cafes, downtown is the place to be. And I know that they are right 🙁

Speaking of open houses I saw an interesting twist today on the desperate bid to get attention – There where hand written yellow signs for about 10 blocks along 12th leading to a condo near Arbutus saying weird things like "Got Milk? Buy this home!" and "Massive Curb Appeal!"

Looked like two bored realtors sitting outside the front door of the building when I drove by. Odd gimmick, I can't imagine it would be very effective buy I guess with all the competition you've got try new things to stand out. Heaven know you wouldn't want to simply price reasonably.

Anyone know what the story is on those three homes along Gore on the corner of venables? They have been sitting there unfinished for… well…serioulsy, I don't even remember! Months and months now. I remember there were fires there delaying things at one point, but that was long ago now. Why is there no further work going on there?

Crazy amounts of open houses out there this weekend! Between Victoria and Alma it almost looked like two open houses per block!

"If you think inflation is understated, you’re more than welcome to, along with the rest of the world’s investors, go and negotiate a higher interest rate on your treasury bonds."

Jesse:

Trying to negotiate a higher interest rate on treasury bills if futile, what investors are doing is shorting the US dollar, and holding hard goods.

As soon as the Fed signals it will stop the deliberate devaluing of their currency, oil, rocks and gold, will reprice, to reflect the true value (whatever that may be given the global slowdown).

You don’t want to own a spec condo in Alberta, and you get screwed if you have a 40yr mortgage in Vancouver.

"but let’s keep in mind, that every regular Joe on the street knows, CPI is as fraudulent as a loaded dice."

Wrong. We know exactly what it is. Maybe you think there's a global conspiracy to misinterpret the CPI and hold bond rates down? That's not fraud, that's brilliant salesmanship and influence. If you think inflation is understated, you're more than welcome to, along with the rest of the world's investors, go and negotiate a higher interest rate on your treasury bonds.

“indeed will be interesting to see to what degree we get stagflation, or to what degree the boc will respond to cpi pressure. carney may test the bond market further, he seems at this point to be a bit of a inflationist; or at least interested in testing the boundaries.” Very true, but let’s keep in mind, that every regular Joe on the street knows, CPI is as fraudulent as a loaded dice. The difference is that unlike, a regular Joe, or a Reader’s Digest educated realtor/blogger/Re pimps, Carney and other central bankers are well aware that the cost of reckless monetary policy is not simply the choice of a “bit “of inflation as opposed to a recession. Economists are indoctrinated from first semester that inflation is public enemy number #1, and the regular kool aid mortgaged slave will eventually… Read more »

B.C.Assessments has issued a notice of assessment to more than 1.89 million people on jan,2008 based on the performance of market in 2007.

Total population for Metro 2,289,900 (2007)after reduction of total percentage of tenents the left over percentage of populations are home owners and their family members.

70% people are home owners and 30% people are renting till 2007.There was 2% to 3% percent increse in home ownership btw 05-07.

Drachen, if I remember correctly, 56% of people in the lower mainland rent, which would imply only 44% owner occupancy, which would imply an even bigger uh-oh if any percentage try to sell…

Yes but rental properties get put up for sale too. What you have to look at is the number of individually titled dwelling units (SFH or strata) versus the total number of dwellings.

indeed will be interesting to see to what degree we get stagflation, or to what degree the boc will respond to cpi pressure. carney may test the bond market further, he seems at this point to be a bit of a inflationist; or at least interested in testing the boundaries.

pre-sales: indeed a lot of people should consider themselves luck to have the option of walking, their money may be more efficient with another option.

This is clearly an excellent opportunity for those pre-sale buyers to just walk away without a penalty. That's what I will do.