Comments on: new leaky condo problems downtown

By: Alexas

Alexas — Thu, 10 Jul 2008 07:15:11 +0000

$250-$300 per sq. ft.!

hmmm… I’d say…

$125-$175 per sq. ft.!

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By: blueskies

blueskies — Thu, 10 Jul 2008 04:35:23 +0000

I wil buy at tv towers once they get to $200,000 for a higher floor two bedroom, about what it should cost once the market corrects.

$250-$300 per sq. ft.!

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By: blueskies

blueskies — Thu, 10 Jul 2008 04:33:30 +0000

I think SATV’s lost his marbles today

he does sound a little rattled
i’m also assuming he has more than 1 marble

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By: bdk2

bdk2 — Thu, 10 Jul 2008 04:32:27 +0000

Bdk was playing with sources and words there is nothing to shift that was ‘time’just wanted to tied some of his loose nuts and bolts,
i am willing to fix his fossball table and throw away his rothmans blue from his balcony just $300 fine from strata he will be fine for decades to come.

Between M why did you sell your condo-the best investment plus affordable plan for next generation?

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By: M-

M- — Thu, 10 Jul 2008 02:41:25 +0000

I think SATV’s lost his marbles today… I can’t remember a time when he’s nym-shifted this much before!

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By: If you decide that

If you decide that — Thu, 10 Jul 2008 02:28:11 +0000

you don’t want to raise on baiting tacts i am not selling you anything because towers are sold out in 2006 if you want bargain go find a flipper before something list in mls it’s gonna be very expensive.

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By: TATA BABY

TATA BABY — Thu, 10 Jul 2008 02:11:00 +0000

well,pen doesn’t work on concrete for correction nib will break off of a pen you gotta think about it man similar units non concrete construction in east side will cost you around $400.000 and you want to correct the market on world famous shopping promenade just 2 minute walking distance
from Canada line.

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By: informer3

informer3 — Thu, 10 Jul 2008 01:56:08 +0000

I wil buy at tv towers once they get to $200,000 for a higher floor two bedroom, about what it should cost once the market corrects.

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By: hahaha

hahaha — Thu, 10 Jul 2008 01:28:05 +0000

hey you 70 k in pocket,

if you ever got to reach close to this project hmmm it could be possible you may don’t want to go back home unless you grab the fob key for your brand new purchase it looks absolutely fantastic!!!
http://www.cbc.ca/bc/redevelop.....robson.pdf

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By: informer3

informer3 — Thu, 10 Jul 2008 00:40:46 +0000

My source tells me TV Towers is going to leak more than any other Concord Pacific Project.

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By: Mike

Mike — Wed, 09 Jul 2008 22:58:29 +0000

Finally good news (well I guess bad news for everybody else) for us bears!

Now how to profit from this? Short Canadian bank stocks?

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By: exx

exx — Wed, 09 Jul 2008 22:11:33 +0000

.nhoJ ,tcerroc yletulosba er’uoY

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By: The Pope

The Pope — Wed, 09 Jul 2008 22:10:14 +0000

Thanks for the links everyone, I’ve just posted a thread on the new federal mortgage limits.

Richard: fixed the server time.

John: I assume you’re being sarcastic since your post contains so many obvious falsehoods.

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By: John

John — Wed, 09 Jul 2008 22:00:27 +0000

Vancouver’s condo market continues to be one of the most robust in the nation. This red hot market will not be affected one bit by the reduced amortizations because in this financially conservative country hardly any purchasers were using them in the first place. Downpayments continue to be high. The olympics are near and the real estate market abounds.

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By: Anonymous

Anonymous — Wed, 09 Jul 2008 21:28:27 +0000

Wow, seems like all the wheels are falling off the RE bus at the same time.
First declining affordability, then economic slowdown, then higher gas and food prices, then rising inventories and falling sales, then leaky condo news, now the tightening of the credit noose.
Like a bad game of J-J-J-Jenga.

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By: alexcanuck

alexcanuck — Wed, 09 Jul 2008 21:21:08 +0000

FTB’s forced to downsize, now known as simply FB’s!
That’s First Time Buyers to start, you figure out the rest.

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By: /dev/null

/dev/null — Wed, 09 Jul 2008 21:10:02 +0000

VancouverBanker said: More important though is raising the downpayment to 5%. That will take out tons of speculators.

But they can still borrow the 5%, right? It’s just not insured. So is this an effective change or just good optics? (Honest question.)

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By: beatstreet

beatstreet — Wed, 09 Jul 2008 21:06:58 +0000

“Will a 5 year cut make much of a difference? ”

I think so. In markets, it is the marginal buyer who sets the last price.

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By: cashisking

cashisking — Wed, 09 Jul 2008 21:05:36 +0000

Blueskies is bang on … I suspect 30 and 10 would be all but impossible when variable rate guys start renewing … especially if rates (inflation bogey!?!) starts to creep higher … if you live in West Van and you haven’t put at least 15% down (benchmark down 10.4% and new 5% rule) you’re FU$ked … see how quickly it turns!!!!
gov’t surely did the math and this was the most palatable given market/political agenda

Get out the popcorn.

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By: /dev/null

/dev/null — Wed, 09 Jul 2008 21:02:46 +0000

The G&M story says max 45% debt-service ratio. That’s a big change from present, right? So few in Vancouver could get a CHMC-backed mortgage right now if these rules were in place? Maybe I’m missing something, but that seems to be the big deal…

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By: betamax

betamax — Wed, 09 Jul 2008 20:52:54 +0000

Yes, the horse has already bolted, and the retards probably know it — they’re just covering their butts for the coming recriminations by irate tax-paying FBs.

Another analogy: the bubble was already lying dead in its coffin, the govt. has just decided to publicly pound a stake through its heart.

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By: Chris H

Chris H — Wed, 09 Jul 2008 20:52:49 +0000

Comments are getting deleted at Globeandmail.com

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By: blueskies

blueskies — Wed, 09 Jul 2008 20:50:08 +0000

The maximum amortization is now 35 years instead of 40. Will a 5 year cut make much of a difference?

this opens the door, next up is cutting this back to 30 years and 10% down…..

and (gasp) next stop is 25 years and 15% down
hmmm that sounds vaguely familiar…

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By: read on

read on — Wed, 09 Jul 2008 20:47:17 +0000

Do these retards not realise that the horse has already bolted, and that closing the barn dorr now is going to make fk-all difference….?

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By: read on

read on — Wed, 09 Jul 2008 20:46:55 +0000

Do these retards no realise that the horse has already bolted, and that closing the barn dorr now is going to make fk-all difference….?

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