The HST effect?
Inventory shared some interesting data with us on Friday:
sales numbers going back to 1995.
Sales numbers for this month up to last Friday continue to be very low, almost reaching back to their 2008 lows, except when it comes to new unit sales, which are lower percentage wise than we’ve seen in the last 15 years. As of Friday new units sales are down at the 25% level.
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July 28th, 2010 at 2:17 pm
I think “Chilled” just got pwned.
July 27th, 2010 at 7:18 am
It’s the name of a font, you poor sad idiot. I’m a graphic artist. And while I’m wasting time defending myself to a lonely little stranger on the internet, I’ll also reveal that I run every other day and that at 134 lbs I’m near the bottom of the BMI for my height. But even if I were 600 lbs, you, “chilled”, you are at the extreme end of bizarre human behavior to post a recommendation that I GET RAPED FOR RECEIVING HELP ON AN INTERNET REAL ESTATE BLOG.
You do realize you wrote that, right? You didn’t black out or anything, or have your “younger brother” log in and use your account, etc?
Seek help chilled. Seriously, you’re not normal. Really, really not normal. This isn’t how people in healthy mental situations choose to spend their time. You’ve got problems and you need to do something before you end up in an even worse place than you are now.
July 26th, 2010 at 11:46 pm
@casual_observer: “It is when the lease has expired you’re getting this kind of protection from BC Residential Tenancy Act. “
It depends. If the lease was written without provisions for default occupancy after the lease expires, the tenant normally cannot get 1 month’s rent because it is assumed they must vacate when the lease expires. BUT… even if all this is true and the landlord happens to communicate in a matter that could be construed as notice prior to the lease ending, it may be interpreted that the lease was in fact going to turn into a month-to-month contract. In that case the landlord may be forced to pay a month’s rent. But check with a lawyer or the RTA for details.
July 26th, 2010 at 11:44 pm
@ Daddy Fat Stax
Which Canadian markets do you have in mind?
July 26th, 2010 at 11:20 pm
@Tony Danza: Unfortunately section 49 and 51 don’t apply to expired lease situations. If the landlord takes over the property for their use at the expiration of a lease there’s no compensation owing to the tenant.
Yes it does. Landlord cannot break a current lease if you’re paying your rent; sections 49 and 51 are simply not needed to protect your rights while during the lease. It is when the lease has expired you’re getting this kind of protection from BC Residential Tenancy Act.
http://www.rto.gov.bc.ca/docum.....nglish.pdf , specifically 12.9: “When a landlord ends a tenancy for landlord’s use of property, the landlord must give the tenant
the equivalent of one month’s rent.”
July 26th, 2010 at 11:05 pm
How come Vancouver Real Estate hasn’t tanked like everywhere else? Anyone??? Bueller???
I mean you guys have been predicting a huge correction for a while now, and yet it doesn’t look like it’s coming anytime soon.
July 26th, 2010 at 11:04 pm
Actually Googles, it is perfectly legal to restrict children in a strata by law or building scheme as long as it it is the consent of the original strata meeting unit holders. In fact there are plenty of ‘adult only’ complexes around, as many as there are ‘no pet’ clauses. This means that the original strata reflects the amended agreement that no one under a certain age ( usually 18 but can be any age technically) and can also include restrictions on rentals and pets or number of occupants per unit. As long as that is the by law it must be repealed by vote of registered owners if any wishes to amend the original doc.
This is one of the reasons a prospective buyer should read the by laws of any unit very carefully to make sure you’re not buying into a ‘nut factory’ or weighing in to some restriction that comes back to haunt you.
July 26th, 2010 at 10:40 pm
@vibe:
Hey, you just get it on with fatty. Try to keep the slapping sounds down, OK?
July 26th, 2010 at 10:05 pm
chilled, your mom really did a number on you buddy.
July 26th, 2010 at 9:44 pm
@Bette Noire: Bette Noire Says:
July 26th, 2010 at 8:20 pm
@chilled
LOL cliche misogynist internet troll #245.
+++++++++++++
Hardly. You post anonymously under the cloud of Black Betty, with a french twist and think nobody will get it? Post here, but spare us your fantasies, OK? I’m of the belief your landlord wants to kick you out simply because you are a fat cow. No other reason.
July 26th, 2010 at 9:00 pm
@Boombust: I don’t think he’s looking for your pity.
July 26th, 2010 at 8:45 pm
@Whitebear: Re: Lafite pre-sales in China… These are the same guys who put 7-UP in their expensive bordeaux to cut out the tannins…
July 26th, 2010 at 8:44 pm
‘Taipan’ is an Australian commercial real estate developer who is looking to buy a recreation property in a ski resort in BC”
Well, bully for him. What about people like ME who were born and raised here?
As IF I feel for the guy.
July 26th, 2010 at 8:20 pm
@everyone
Thanks again for all the advice, I feel much better about our options than I did this morning.
@chilled
LOL cliche misogynist internet troll #245.
July 26th, 2010 at 7:54 pm
Market Savvy Prospective Buyer Patiently Watches a Bubble Peak and Begin to Implode –
“I’ve sat on my hands and waited for the market to come to me.”
‘Taipan’ is an Australian commercial real estate developer who is looking to buy a recreation property in a ski resort in BC. Here is part of his story, one of a market savvy prospective buyer patiently watching a bubble form a peak and then begin to implode.
http://wp.me/pcq1o-17D
July 26th, 2010 at 7:42 pm
Black Betty is getting alot of attention from you guys, just pin ‘er down and get it over with.