Current score: 0 (to vote for this comment, please visit the site)

In terms of the USD yes, but in terms of CAD it would likely stagnate or move down (depending on the commodity).

Current score: 3 (to vote for this comment, please visit the site)

By the way,Do you own any condo in Dubai?
I know Donald Trumph and his investors do own a unit or two.Maybe or maybe not this pair in prison for month is one of them.

Current score: -6 (to vote for this comment, please visit the site)

Current score: 5 (to vote for this comment, please visit the site)

“I was one of the unlucky 15 million people born into the city that ranks among the bottom 10 in the annual most-livable cities in the world survey. Then, quite magically, later in my life, I find myself among the lucky couple of million that live in the metropolitan region that is consistently on the top of that same list.”
http://wp.me/pcq1o-BH

Current score: 2 (to vote for this comment, please visit the site)

March 16th, 2010 at 12:44 pm

@Supraboy:

Please Mr. Jurock, that’s enough already.

If you don’t stop I am going to call the Simon Wiesenthal Centre and tell them where your dad is hiding.

ReplyCurrent score: 9
++++++++++++++++++++
How in the hell do you come up with these comebacks? Too funny!!!!

Current score: 4 (to vote for this comment, please visit the site)

Wow, if a 60% sell/list is what you consider a great day for the cheerleaders then you really are fucked.

Current score: 14 (to vote for this comment, please visit the site)

Current score: 2 (to vote for this comment, please visit the site)

* With the Bank of Canada’s interest rate set at 0.25%, how is it that 1/3 of Canadians are struggling financially? What happens when interest rates double, and the cost of debt does as well?
* Studies suggest that Canadians are wildly overly optimistic about their financial picture.
* Why Canadians feel that they’ll retire comfortably but can’t verbalize or explain how that will happen… and they generally start to drool and stutter.

Read the whole thing!

Current score: 12 (to vote for this comment, please visit the site)

Current score: -4 (to vote for this comment, please visit the site)

Vancouver East & West*
New Listings – 99
Back On Market Listings – 2
Price Changes – 33
Sold Listings – 60

Vancouver All Areas*
New Listings – 265
Back On Market Listings – 5
Price Changes – 94
Sold Listings – 164

Looks like the buyers are coming out in droves now eh WOW (aka Not Garth, Fish Taco, Postoblues)?

You see, I told you bears that you jinxed yourself. This Spring is going to see a fantastic sales seasons! Prices have already gone up 20% this year – at least another 10% by the end of the Spring!

Current score: -12 (to vote for this comment, please visit the site)

Comparisons with Japan are useless as its an apples to oranges comparison. At least they restrict foreign ownership of property so its an insular and locally driven market. We, on the other hand, post a sign on our door that says “Open for Business – Please buy our properties so that locals have no affordable housing.”

And don’t give me this crap about Landcor Data saying only 4% of properties are owned by foreigners. Everyone and their aunt can bring up an example of some place that they know is owner by an American, European or Asian.

Current score: -2 (to vote for this comment, please visit the site)

And if any of you want to compare Japan to North America, give me a break. Japan does not have their own commodities like Canada.

Current score: -12 (to vote for this comment, please visit the site)

Current score: -15 (to vote for this comment, please visit the site)

Kite, are you a loser who can’t get laid and hopes it will eventually happen if you live/own in Vancouver? Ohh, poor boy…

Current score: 4 (to vote for this comment, please visit the site)

Current score: 8 (to vote for this comment, please visit the site)

In response to those saying “if prices start to correct the feds will put out a big FTB tax credit” or some other baloney

Tax credits are an operating expense and result in a bigger deficit. No room for them, if they were to be made big enough to make any difference. Also too obvious an admission of a bust.

Much more likely, if the Cons want to juice the market one more time, is to go back to looser qualifications for CMHC-insured loans. That’s off the books. But they have to be careful not to get on the wrong side of the bond markets.

Remember again it’s all about the GTA. BC can and will go down in flames, but they want prices in the Toronto area to go down slowly enough that it can be called a correction not a bust. And as I said, their strategy will be to place the blame for anyone in trouble on their own personal decisions, not on government policies.

Current score: 11 (to vote for this comment, please visit the site)

Which is exactly what everyone expected.

However the Fed MBS purchase program is ending this month so expect a 50 bps spread (plus or minus) gain between 5-year treasuries and mortgages to develop before June in the USA. The market hasn’t had a chance to value anything for quite a while with these voodoo economics.

And as Anonymous said, the forex market has already priced a 25-50 bps BOC rate rise into our dollar. Dollars move on central bank guidance, well before actual rate changes. Are you really as stupid and poorly-read as you pretend to be? You’re a troll right?

http://network.nationalpost.co.....react.aspx

“Governor Mark Carney and the Bank of Canada surprised exactly no one Tuesday, deciding to maintain the overnight lending rate at 0.25% while again repeating its pledge to keep the rate at the same level until the second half of the year.”

Current score: 6 (to vote for this comment, please visit the site)

The drop in sales is MOM. It’s just another way of spinning “there is no bubble here”.

Current score: 1 (to vote for this comment, please visit the site)

Please Mr. Jurock, that’s enough already.

If you don’t stop I am going to call the Simon Wiesenthal Centre and tell them where your dad is hiding.

Current score: 14 (to vote for this comment, please visit the site)

@patriotz: I totally agree… when I say massive drop, I mean 40%+, and that doesn’t guarantee any gov’t help, I just meant it would only be on the table at that point. In response to those saying “if prices start to correct the feds will put out a big FTB tax credit” or some other baloney.

And like you said, they’ve been lining up their “told you so” ducks for quite a while. Good old ass-covering

Current score: 6 (to vote for this comment, please visit the site)

Current score: 20 (to vote for this comment, please visit the site)

What happens when C’dn gov’t stops guaranteeing CMHC debt. Which way do you think rates will go when lending institutions and structured debt purchasers have to be compensated for risk without explicit taxpayer guarantee?

Current score: 12 (to vote for this comment, please visit the site)

Current score: 5 (to vote for this comment, please visit the site)

Yes you are so right that the gold market is waiting to see what the BoC does with our interest rates. Ever thought for one second the the forex market is already starting to price Canadian interest rates hikes into our dollar. It is expected.

Current score: 2 (to vote for this comment, please visit the site)