Comments on: ING CEO warns of Canadian Housing Bubble

By: Nicole

Nicole — Fri, 20 Nov 2009 14:25:19 +0000

I have a contract on condo unit and found this great company that is fighting to get my deposit back. They are at www.contractrefunds.com....hope it can help doesn't hurt to try

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By: crabman

crabman — Tue, 17 Nov 2009 10:24:24 +0000

@Anonymous: I love their Harbour Green example: "This unit would cost $22k/month to own, but you can rent for the bargain price of $6k."

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By: Boombust

Boombust — Tue, 17 Nov 2009 09:13:03 +0000

"24 X Anonymous Says:

November 16th, 2009 at 10:15 pm

http://www.youtube.com/watch?v=dFplvCb2iJo"

As Lisa Taylor points out, re: the current high inventories, "It's supply and demand" that is bringing rental prices down.

So, was it stupidity and demand that drove people to buy in the first place?

Methinks so.

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By: Wreckonomics

Wreckonomics — Tue, 17 Nov 2009 07:49:37 +0000

@Anonymous: Great link! You should put a little comment about what the content is when you link to youtube videos though. Can you believe there are condos out there with $22,000 monthly carrying costs that can't even find a tenant to rent for $6,000?!? Does anyone seriously doubt this is a housing bubble in Vancouver?

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By: “They were beginning to get freaked out by the prospect of losing their jobs while trying to pay their mortgages.” « Vancouver Real Estate Anecdote Archive

Tue, 17 Nov 2009 05:19:27 +0000

[...] 16 November 2009 · Leave a Comment This from logic at vancouvercondo.info 16 Nov 2009 3:53 pm - [...]

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By: badnewbear

badnewbear — Tue, 17 Nov 2009 02:19:48 +0000

' Olympic ticket monopoly freezes out the fans '
http://seattletimes.nwsource.com/html/olympics/20…

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By: badnewbear

badnewbear — Tue, 17 Nov 2009 02:18:56 +0000

@James: After all Vancouver is the home of the ' Greatest fools on earth '

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By: logic

logic — Tue, 17 Nov 2009 00:52:51 +0000

"if we assume that all the marijuana consumed in North America, along with a chunk of Asia and Europe is all grown in Vancouver basements" =========== lol, as if. anyway, back to our regularly scheduled trolls,who i assume will be along soon after midnight when they finsh their shifts at McD's. Supraboy?

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By: Declan

Declan — Tue, 17 Nov 2009 00:21:19 +0000

"Sorry, but I call BS on that stat. Maybe quite a few, but 1 in 4? " Well 200,000 houses, at $150,000/year, is only $30 billion, or $7,500 for every man, woman and child in B.C. Rough estimates suggest annual U.S. spending on Marijuana at $20 billion, with Canada around $2 billion, so if we assume that all the marijuana consumed in North America, along with a chunk of Asia and Europe is all grown in Vancouver basements, then Casanova's figures are perfectly plausible. Although, if that *were* true, house prices here would make more sense!

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By: rp

rp — Tue, 17 Nov 2009 00:03:00 +0000

#24 @Anonymous: Priceless. "We're looking for $5500 per month before we entertain you with our snobby accents."

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