Treasure trove of mortgage data
VHB pointed out this site on Thursday: Canequity provides actual data for their mortgages across Canada including here in Vancouver. One of the frustrations of anyone trying to study the housing market in Canada is the dearth of publicly available data compared to the United States, so it’s nice to find a source of some data when it comes to Canadian mortgages. Here’s their chart of product inquiries as one example:
Take a look through all the data they make available – here’s Toronto and here’s Alberta. Locally there’s info for BC and Vancouver. If anyone wants to do a breakdown of anything interesting that they find, we’ll be happy to publish that here.
July 20th, 2010 at 8:34 pm
@fixie guy
I'm a regular reader here and the crazies have gone from mildly entertaining, to moderately annoying.
I say get rid of them.
Maybe after 10 foreclosures, your IP gets banned. These morons really gotta go.
July 19th, 2010 at 10:32 pm
@NMG, From the video, claiming that climate change is a fraud:
"We had a medieval warm period where all kinds of grapes and tropical fruits were growing in the northern hemisphere"
Too good.
July 19th, 2010 at 10:04 pm
Notice to Profession did go out today re: warning clients of double dip and advising wrt remedies for people trying to escape contacts in RE
July 19th, 2010 at 9:42 pm
Instead of a FORECLOSURE stamp, Pope should superimpose an animated butterfly net for people like "No More Gordocracies".
July 19th, 2010 at 9:39 pm
Low sales? Rich Asians at Folk Festival over the weekend so no time to buy.
July 19th, 2010 at 9:24 pm
@fixie guy
"both this forum and RET are hammered by BOTs and nutters …
Setting the foreclosure threshold higher wouldn’t hurt either,"
Completely agree, matches some of my posts. I've asked Pope to raise the foreclosure limit too.
July 19th, 2010 at 9:14 pm
@oneangryslav2: And that is if they get their asking rent…which I doubt. Everyone knows to bid lower than ask these days. Rents also!
I figure they will likely get the same rent I paid 15 years ago. Either way small diff. OK for the owner who bot the condo then as per cash flow, numbers worked. Not so good for the buyer now…
July 19th, 2010 at 8:35 pm
It's back up. Watch it before Google starts charging to watch this. If they do, not NOT pay for it. It would be a copyright violation. It's free on other sites but like I said, drop everything right now and watch The Obama Deception.
http://www.youtube.com/watch?v=eAaQNACwaLw
Sorry if some of you out there can't grasp the significance of the internet war just declared by Google (NSA). NOTHING is more important than this! Real estate is now nothing but another distraction from what's happening right now that directly affects YOU and everyone else out there.
July 19th, 2010 at 8:25 pm
@GB: That's about a 0.7% (slighly less) annual increase in nominal rent. More confirmation that real rents in Vancouver have been dropping for about 25 years or so.
July 19th, 2010 at 8:06 pm
@ Kosta
I'll throw out a conspiracy theory. I've noticed that recently, concurrent with latest market wobbles, both this forum and RET are hammered by BOTs and nutters. Both forums contain strong bearish sentiments. When it's 'viral marketing' it's clever, consider the possibility posters like 'No More Gordocracies' are here specifically to poison the well and paint this place crackpot. His rantings must send 'normals' running, and the behaviour is unlike any I've seen in the dozen other various forums I frequent. I wouldn't bet on the industry considering the tactic beneath them. I suggest 'Rocking the Vote' and foreclosing as quickly as possible. Setting the foreclosure threshold higher wouldn't hurt either, or VCI risks becoming:
http://img836.imageshack.us/img836/6489/fatejh.gi…
My 2 bits.
July 19th, 2010 at 7:47 pm
I am putting up anti-bubble posters telling people to run for the exits around where I live starting tomorrow. I am including price/income of major cities in the US in 2006 versus the price declines they faced (from Case-Shiller) vs current price/income of Vancouver.
We'll see how it goes
July 19th, 2010 at 7:31 pm
@Alum: Are you trying to be funny guy or you are just plain stupid?
July 19th, 2010 at 7:16 pm
NMG – its a Vancouver housing market blog. There are plenty of places to discuss the internet elsewhere.
July 19th, 2010 at 7:15 pm
BREAKING NEWS…..PC WORLD CONDEMNS US GOVERNMENT ATTACK ON THE INTERNET
Blogetery.com Shut Down: Danger on the Internet
http://www.pcworld.com/article/201423/blogeteryco…
July 19th, 2010 at 7:14 pm
Wonder how they'll spin in when July sales are the lowest in 10 years! I thought everyone would want to move here after the Olympics …
July 19th, 2010 at 7:12 pm
To the scum here who vote down the info I posted on the attack on 73,000 blogs…I hope you realize that this blog, the internet, and everything you value is at stake. Why do you think CNET is also up in arms?
http://news.cnet.com/8301-31001_3-20010872-261.ht…
Real estate issues should take a back seat to this attack. This is 100 times more important than what's going on in the housing market. If you can't see this then…hey its your world is all I can say.
July 19th, 2010 at 7:08 pm
LOLOL read this crap!
BURSTNET® STATEMENT REGARDING BLOGETRY.COM TERMINATION
July 19, 2010 – Scranton, PA – BurstNET Technologies, Inc™ (http://www.burst.net), the largest web hosting and co-location provider in the Northeast Pennsylvania (USA) region, has been the suject of recent news headlines regarding the termination of service to popular website Blogetry.com.
BurstNET® is releasing the following information, in order to set the record straight regarding the matter:
On the evening of July 9, 2010, BurstNET® received a notice of a critical nature from law enforcement officials, and was asked to provide information regarding ownership of the server hosting Blogetry.com. It was revealed that a link to terrorist material, including bomb-making instructions and an al-Qaeda “hit list", had been posted to the site. Upon review, BurstNET® determined that the posted material, in addition to potentially inciting dangerous activities, specifically violated the BurstNET® Acceptable Use Policy. This policy strictly prohibits the posting of “terrorist propaganda, racist material, or bomb/weapon instructions". Due to this violation and the fact that the site had a history of previous abuse, BurstNET® elected to immediately disable the system.
July 19th, 2010 at 6:59 pm
The Patriot Act can be invoked for whatever reason the FEDS wish, and they will not (are not required to) give a reason. The Patriot Act also prevents anyone the Feds have contacted from telling anyone when they have been coerced into action/inaction by Homeland Security or whoever employs the Act against them, at risk of being imprisoned by said agency. It is my understanding that it is even against the law (Act) to inform your attorney or even a judge if the Act has been invoked against you.
July 19th, 2010 at 6:57 pm
Looks like the PRICE REDUCTION TRAIN is picking up steam again.
July 19th, 2010 at 6:56 pm
Why Web host shut down 73,000 blogs a mystery?
Not if you listen to Alex Jones it isn't
CNET LINK
http://news.cnet.com/8301-31001_3-20010872-261.ht…
This is a warning to all who value free speech and the internet
You are about to lose everything you value to the evil people behind the new world order.
73,000 BLOGS !!!!!
73,000 BLOGS !!!!!
July 19th, 2010 at 6:32 pm
http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/…
July 19th, 2010 at 6:31 pm
@GB: Sorry I meant the rent then was $1150/mnth.
July 19th, 2010 at 6:30 pm
I live in this building in 1995/1996. In a unit same sq footage as this one. Also south facing.
http://vancouver.en.craigslist.ca/van/apa/1851532…
The rent then was $1100/mnth. Now – asking $1275/mnth. Not much of a difference over 15 years in rent price…
July 19th, 2010 at 6:16 pm
"Canada and Australia on their own look okay, propped up by raw materials and, so far, un-popped housing bubbles."
-Jeremy Grantham
July 19, 10
July 19th, 2010 at 5:59 pm
shitstorm brewing.
July 19th, 2010 at 5:50 pm
Here is the July projections as of today, using Paulb's numbers.
item sales listings sell/list
days elapsed 12 12
average 111 213
days left 9 9
projection 2326 4478 51.9%
We have had 3 straight <100 sales days. If this bad pace keeps up, we may just barely crack 2000.
Here are the REBGV numbers for the last 10 years. Note that these aren't directly comparable to Paulb's because paulb includes raw land and multi. But those are only around 5% of sales.
July totals sell new list sell/list
2001 2618 3504 75%
2002 2670 3929 68%
2003 4023 4447 90%
2004 3019 4785 63%
2005 3652 4107 89%
2006 2732 4370 63%
2007 3873 4924 79%
2008 2174 7104 31%
2009 4114 5061 81%
AVG 3208 4692 68%
July 19th, 2010 at 5:49 pm
Good times!
CEOs Get Ready to Spend Again
http://www.emailthis.clickability.com/et/emailThi…
July 19th, 2010 at 5:46 pm
The City budget is easily available online for the curious:
http://vancouver.ca/fs/budgetServices/operatingBu…
Police and fire total 33% of the operating budget, a bit less than nutter conspiracy theories suggest. Parks and Rec another 11%, hardly surprising around here. Most interesting is the linear, nearly 50% increase in per-capita spending over 10 years.
July 19th, 2010 at 5:38 pm
Awesome oumbers paulb.
Not much doubt now that all the pre-approvals are gone, baby GONE!
And sales will continue to peter out.
July 19th, 2010 at 5:28 pm
New Listings 175
Price Changes 147
Sold Listings 88
July 19th, 2010 at 5:25 pm
Yeah, city is in debt, people don't want to give up services so they raise taxes. What are they thinking! Don't they know that if you deficit-spend for long enough it will eventually roll-over like an odometer!
Fools!
July 19th, 2010 at 5:15 pm
Indirect taxes beginning to surge. Parking taxes (now 35% of the cost) rose 9% this year… 600% more than the official rate of inflation. Look for the parasites in your pocket at every turn rather than rationalize expenses of taxpayers money. Not too long ago the asswipes in Vision Vancouver were trail ballooning Greegy's run into Provincial politics……can you freaking imagine that dickhead getting in again…..this guy is financial management disaster.
The news tonight interviewed an old broad getting turfed for not be able to pay for her leaky condo assessment. I haven'y heard enough of this issue since the 'boom' advertising has been in the news. The problem hasn't gone away and in fact it is growing. I have heard it won't even peak until 2014/15. Good luck to all the newbies. There is no programs available to help you and the province has developed deaf ear syndrome to the complaints. I just heard from an old couple who were hit with a $60,ooo bill after they moved in.
July 19th, 2010 at 5:12 pm
#46 Jesse,
Agreed but the legal profession has seen this before. When economic times are good most professional negligence lawsuits accuse the lawyer of giving advice that doesn't make the client as much money as they could have – ie talking them out of a riskly venture or not getting them a proper share of the deal. In bad times it is the reverse where they should have talked them out of the deal. Either way people want to blame the lawyer and go after their insurance.
It is a telling note. I wonder if they are warning the Real Estate bar about mortagages going bad as well.
The 20/20 hindsight society.