I know what you were going for but “doth” is third person singular, “bulls do” in old English, “a bull doth“.

Now watch the slings and arrows of outrageous grammar hounds hit me from all angles for calling someone on old English grammar while messing up modern English.

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” Keeping foreclosures off the market by the banks”

Is a method used by US banks to prevent prices from falling.

Aside from the fact that it doesn’t work (at pointed out above), banks in Canada have no financial incentive to keep prices from falling, as CMHC is guaranteeing the principal. Their incentive is to foreclose and sell as quickly as possible, to get their money back. Any program to keep houses off the market would have to be paid for by CMHC, and that would ultimately jeopardize the Feds’ credit rating, as I have pointed out. And that truly would be the nightmare scenario.

Frankly I think the Cons are not going to go a damn thing about the bust, just as governments did not do a damn thing about the Ontario bust of the 90′s and the BC/Alberta bust of the 80′s – and for those who weren’t around for them, those were major upheavals. It’s politically and fiscally cheapest simply to deny there is a problem, as indeed they are already doing. Recall again that the Con’s support is based in rural areas which would be antagonized by efforts to bail out urban homedebtors. Also any bailout program would be seen in Quebec as punishing them for the sins of the Anglos, and the Cons learned an expensive lesson last election to tread lightly there.

All of the homedebtor “bailout” programs in the US are really to the benefit of the banks and the banks in Canada already have their bailout.

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http://www.theglobeandmail.com.....le1460839/

Before the 2007 changes, some discount brokers offered to list homes on MLS for a fee, typically less than $700. The homeowner then handled the sale.

The CREA changes required all agents to inspect homes before listing them on the MLS and work with other agents throughout the sale. As a result, discount brokers say they could no longer offer their low-fee services and had to charge more to carry out the various CREA requirements.

Mr. Neil, for example, charges customers $299 to list their home on MLS, plus $79 for each week the house is listed. When the house is sold, he charges a fee of 0.25 per cent of the sale price. Mr. Neil said if the bureau wins its case, he would likely lower his fees and change his services.

“We would offer probably a sort of à la carte -type menu of services; if [customers] want them they can pay for them,” he said. He also believes several American online services would expand into Canada.

“The consumer demand is phenomenal for this service,” added Donald Hewie, a real-estate agent in Ottawa who has also been pushing for changes. “This could be the beginning of the end for CREA.”

Imagine:
Lower fees +
No CHMC =
——————–
Huge savings for consumers!

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“…is believed by some…”

Those are excellent weasel words. You might as well throw away the whole argument if your whole evidence lies in the belief of a few.

It’s believed by some that aliens landed at Roswell Dave. Utterly useless.

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Whistler is believed by some to be counter-cyclic. Sales have dropped due to the US recession and housing market. It’s neither good or bad that sales have been from Vancouver. I have a hunch that number will be dropping.

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Speaking of which, any idea why sales volumes has halved two years in a row there? And is it a good thing or a bad thing that in 2009, 75% of all sales were to Lower Mainland-ites?

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Good point. Flaherty can deny there’s a “housing bubble in Canada” since median prices are only $300kish. However, I think we all know that housing bubble in Vancouver is a reality, and perhaps he would not deny that.

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I recall hearing story after story about the US Housing Market and how strong it was and how it had no bubble. Meanwhile bloggers like most the bears on here saying that there is no US housing market, rather each pocket in the US is its own market. Well we all know how that went down. Once again the blogger’s were right.

So, sure there’s no Canadian Housing Market bubble, because there’s no such market. But there is a Vancouver RE Bubble, n’est pa?

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The Lower Mainland.

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They aren’t just developers. That is only part of their business. I looked at their financials back in 2005 and thought their balance sheet was pretty sketchy and that was during the boom years. Their debt levels and obligations have always been relatively high. From what I recall, the only thing that kept them from going bankrupt for the last number of years was their ability to sell off/develop land assets. The market correction and difficulty is obtaining capital was the nail in their coffin.

Developers and development are a different game altogether.

In any case, how does the health of Intrawest relate to Whistler being a premium market?

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All of the above. Money isn’t a barrier to everybody. Whistler is unique and is a premium market. A lot of people who will attend the Olympics come from a demographic with lots of money. Real estate prices are sometimes a secondary issue. People will spend a million or two and might only use their place for a week a year (if at all).

Squamish and Pemberton will also appeal to a different demographic.

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Nah. Things are good. The future looks good. At least that’s the case from my little perch.

If I’m wrong, then you can bail me out.

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Well then if it’s proven ineffective at propping up prices and only slows down the fall (at best) in the states why would it have a different impact here?

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Mortgage Moratorium means whatever you define it to be:

It can be this:

“A method for creating a moratorium period for a mortgage, comprising the following the steps: creating an equity loan amount to be loaned based upon the value of a mortgagee’s property; determining the monthly payment on the loan; determining a period of months which the mortgagee desires to avoid personally making monthly payments; placing a portion of the loan amount equal to the monthly payments for the desired period of months into a fund; and making the monthly payments for the predetermined period from the fund.

Read more: http://www.faqs.org/patents/ap.....z0f0Sl2qjH

Or any other method for postponing a foreclosure.

” Keeping foreclosures off the market by the banks”

Is a method used by US banks to prevent prices from falling. They artificially hold the foreclsed home to avoid price depreciation. Like crashing eggs and tomatoes during the GD.

Regards

arit

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“1. First home buyer tax credit.
2. Second home buyer tax credit.”

Will only have a maximum effect of increasing market levels to the amount saved.

“3. Mortgage moratorium.”

What does that mean?

“4. Home-owner bailout plan, refinances plan paid by taxpayer.”

Won’t keep prices afloat, just keeps them from falling too fast.

“5. Keeping foreclosures of the market by the banks.”

What?

“6. Return to 0/40.”

Minimal impact, maybe draw things out ’till next year at best.

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