From the Globe and Mail: How Canada scores in math skills across the country.
The two booming neighborhoods in Vancouver show a remarkable discrepancy in math skills. The West side ranks highly, but surprisingly Richmond ranks very low in math skills.
on Big banks facing home credit risk@mac: @condo watcher: Wait! I don't think that was explanation enough for you. By PAST, I mean a few years on Big banks facing home credit risk@condo watcher: Relax! I'm not saying it's happening now. In THE PAST when the MARKET WAS HOT, there were many
on Big banks facing home credit risk@mAC HOW DO YOU GET A SALES TO LIST FIGURE OF 115%--are they selling stuff that's not even on the
on Big banks facing home credit riskHopefully this time it works. Copied from PaulB’s number http://www.laurenandpaul.ca Using good-format’s format. Date Listing Price(+-) Sold Inv Inv(+-) S/L(%) on Big banks facing home credit risk Sorry for the previous post. I seem to have lost my PRE tag "touch". 
March 14th, 2011 at 2:25 pm
@Anonymous: The green area you are seeing is Sea Island (one of Richmond's last mostly European-Canadian enclaves of Burkeville). The area around No. 3 road is very orange. Take a closer look at Google map.
BTW the low math scores in new immigrant areas is apparently because of ESL problems, not because one population is naturally better or worse at math.
March 14th, 2011 at 1:41 pm
"The two booming neighborhoods in Vancouver show a remarkable discrepancy in math skills. The West side ranks highly, but surprisingly Richmond ranks very low in math skills."
You mistook Surrey (orange & yellow) for Richmond (green).
Your map only shows the eastern end of Richmond + Queensborough that's part of New-West.
20-Something Chat: “I bought a house in Kits last week” .. “Did you win the lottery?” .. “No, I’m just in debt for 60 years. I better get a job after school.” | Vancouver Real Estate Anecdote Archive Says:
March 10th, 2011 at 5:06 am
[...] turtle at vancouvercondo.info March 7th, 2011 at 7:28 pm- “I am done wondering about this real estate market after what I overheard today. I almost [...]
“According to this message, I should basically get out of town, along with everyone else who makes a decent dual-income salary.” | Vancouver Real Estate Anecdote Archive Says:
March 8th, 2011 at 5:46 am
[...] at vancouvercondo.info March 7th, 2011 at 7:13 pm- “On CBC radio this afternoon they interviewed a realtor to talk about the HAM ['Hot Asian [...]
March 7th, 2011 at 9:26 pm
"priceoutsofar: They will have to go to the suburbs” to which she responded “But Richmond IS a suburb!” And the realtor giggled and said “Ya well I meant the EASTERN suburbs”"
I left Richmond and move to Toronto last year. It is cheaper here.
March 7th, 2011 at 2:15 pm
It's all about HAM now.
This is what it's like up on the Westside these days.
http://www.youtube.com/watch?v=SQI87lYz1Vs
March 7th, 2011 at 1:35 pm
@paulb.:
Yes that is great idea. You will have a lineup of customers from this blog.
March 7th, 2011 at 1:32 pm
@jesse:
He is a cheerleader and pumper. Which blog have you been reading?
March 7th, 2011 at 1:27 pm
@Troll: Please lump me in with that group of "retarded buddies" as I value their opinions 10x over yours!
BTW, long live HAM!!! Let them be the ones left holding the bag
March 7th, 2011 at 1:13 pm
No numbers???
I will be plunging myself off a bridge tonight… Good bye cruel world, hopefully this whole "bubble" thing works itself out… or not… whatever
March 7th, 2011 at 12:53 pm
Re: numbers
Hey guys, I am SOL on the numbers till May. I know it blows but I don't feel like chasing my exisiting number dealers. Hopefully someone consistent will step up.
I am considering getting my license back up and running by May but am only 50/50 as I will not be pursuing RE sales fulltime.
Bring on the 18th. Epic party night!
pb
March 7th, 2011 at 12:49 pm
CBC online poll: "How do you feel about Christie Clark becoming Premier?
Good. 17.12% (1,829 votes)
Bad. 63.09% (6,739 votes)
Not sure. 19.79% (2,114 votes)
Surprisingly, nauseous was not on the list of options.
March 7th, 2011 at 12:21 pm
@Troll:
YO!!
Yes you!
Real Paul have not posted here for a while. "troll" sig is recent.
March 7th, 2011 at 12:01 pm
No numbers tonight?
March 7th, 2011 at 11:58 am
@Renting: What makes you think that "Troll" is bullish on real estate? Some of his comments are sharp but neither are they bullish. Just saying.
March 7th, 2011 at 11:56 am
@Troll:
>>>What the hell have I been taunting you with? What agenda do I have?<<<
Don't play dumb you little shit.
You come here every single day to shove HAM in our faces. You talk about HAM incessantly. Your entire existence is HAM, HAM, HAM.
The more we ignore your silly pumping of offshore money and try to discuss real issues, the louder you get. You just don't have anything else to say other than HAM!
And why the hell are you asking me what your agenda is?
March 7th, 2011 at 11:41 am
@116 Troll: That's one large burr up yer butt. You should deal with it. Trust me.
March 7th, 2011 at 11:36 am
@pricedoutfornow:
No, the message is buy now in the burbs before prices rise. Propaganda by the worthless real estate industry who are scared shitless. Remember 99% of the realtor's in the lower mainland have not sold one house in Richmond or the Westside. They are living off Kraft dinner. That is why they spend their days on this blog pumping. Nothing better to do.
March 7th, 2011 at 11:28 am
I am done wondering about this real estate market after what I overheard today:
Person A (20 something): I bought a house last week
Person B: !!! *silence* Do you like it?
A: oh yes. It is in Kits and 1400 sqft!
B: ….. Did you win the lottery?
A, laughing: Oh, no! I am just in debt for "60" years.
Well, I guess it means I should better get a job once my education is completed.
I almost chocked.
March 7th, 2011 at 11:25 am
@Troll:
To pump real estate.
March 7th, 2011 at 11:23 am
@Remove Your Head:
What is wrong no open houses today?
March 7th, 2011 at 11:13 am
On CBC radio this afternoon they interviewed a realtor to talk about the HAM phenomenon in Richmond and Vancouver-westside. The radio host sounded downright sad when she said "But this means that young people basically won't be able to buy houses in Vancouver or Richmond anymore?" And the realtor said "Yes, that's about right. They will have to go to the suburbs" to which she responded "But Richmond IS a suburb!" And the realtor giggled and said "Ya well I meant the EASTERN suburbs"
So according to this message, I should basically get out of town, along with everyone else who makes a decent dual-income salary. And great, let's blame the Chinese!
This is bad for Vancouver, when us Canadians are basically told outright to leave if we want a house, and blame the Chinese. Of course there's no talk of the fact that people have been bidding up properties for YEARS with cheap money and loose credit. Who really cares about the prices going up $200k in the past 4 months? What about prices more than doubling in the last ten??
March 7th, 2011 at 11:12 am
I swear this whole city is immersed in a layer of moist fetid bovine farts right now. I hope the air clears before I suffocate.
March 7th, 2011 at 11:11 am
@ Best place on meth
Exactly. People SHOULD be getting angry. How can we sit back and watch the news night after night and see that foreign money is driving up our market.
Whether it is or not, with more pressure from people, the government will have to do something to make it less of a steal to buy here for wealthy foreigners.
If they are driving up the market, this will stop them.
If they aren't driving up the market, the RE pushers will no longer be able to use them as a scare tactic.
So, everyone after me:
"Stop giving away our country!!!!!!!!!!'
March 7th, 2011 at 10:57 am
>Everyone is prepared for that. It’s called a government bailout.
BC's entire housing valuation is $1 trillion dollars. It is ripe for a 40% correction (including minor knock-on recessionary impacts). That's $400 billion, or more than double the entire BC GDP for two years, or $100 billion more than the total Canadian Federal Budget Expenditures for 2010.
Bailout? Not a chance, because it's impossible.
Hot Money? Take it while you can. Buy your house back in 3 years for a fraction of the price.
March 7th, 2011 at 10:57 am
@Best place on meth:
You are seriously delusional. What the hell have I been taunting you with? What agenda do I have? Since when does asking questions about a market which is seriously out of whack and continues to defy the odds year after year equate promoting the HAM theory? I mean really? Are you that fucking stupid or are you just trying to be an ass? There's a lot of smart folks who comment on this blog, it's too bad that you and your retarded buddies Fixie, McLovin and Data Junkie try your best to ruin it.
March 7th, 2011 at 10:33 am
The HELOC rule change a month later is much bigger.
Equity withdrawals are keeping financially stretched families afloat. Or they were.
Honestly, watching this happen over again and knowing how much harder it is going to be for Canadian families to get out from under the beating the market is about to deliver than it was for Americans. Ugh. Ugly, ugly, ugly.
March 7th, 2011 at 10:25 am
Mar 18th next friday!!
http://www.youtube.com/watch?v=kEVhSNy96SU
March 7th, 2011 at 10:21 am
Global news in on fire tonight. Nearly 100% real estate stories.
The bit on Richmond was great, they must have used the term "rich buyers from China" at least a dozen times.
But this plays well into my new strategy. The more people hear about rich Chinese, the more they'll despise these foreigners and their dirty money and demand something be done about them.
Thanks Global and thanks troll, you've made me see the light and the pointlessness of fighting the propaganda.
You've been taunting us with HAM day in and day out but thanks to the law of unintended consequences all your stupid bleating can actually be used against you.
And it will.
March 7th, 2011 at 10:17 am
@Remove Your Head
Sure thats all fine, if you believe that, but who do you think is gonna crash the market. Rich chinese, or highly indebted locals with negative savings rates.
Unless the people that sold to the rich chinese are renting, highly unlikely since they all think they are now real estate gurus, they are buying back into the increasingly distorted market. Sometimes even moving up.
So say someone was mortgage free, they sold to a rich asian and doubled their money. To buy something equivalent or nicer they now have to go back into debt. Whereas before they were debt free. Thoughts?
March 7th, 2011 at 10:14 am
This bubble is a ticking time bomb. and the counter hits 0 at March 18 + a couple weeks for the numbers to settle down.
*********
Alright bears, it sounds like the 'March 18th" rules are going to be the catalyst to the collapse.
Now we all know that the end of the Olympics, the introduction of the HST, rising interest rates, and the April mortgage rules didn't impact the market.
How many of you are prepared to officially note on this blog that the 18th of March will be the catalyst that will result in the popping of the bubble within the next six months?
Line up and post your confident prediction for future reference – it will either validate you or discredit you even further when we look back in 6 months time.
March 7th, 2011 at 10:08 am
@Remove Your Head:
lol. try try try bulls, but you're the little train that couldn't.
Bears aren't revising, it's the bulls that are.
It used to be that HAM was supposed to keep all of the lower mainland up forever.
but it doesn't seem to be working out, so now the story is that HAM is rocketing up a couple of micro markets.
ooh.. scary…
This bubble is a ticking time bomb. and the counter hits 0 at March 18 + a couple weeks for the numbers to settle down.
*pop*
March 7th, 2011 at 9:50 am
HAM is a marketing ploy that has sucked in the locals. What we are seeing in Richmond and the Westside is local speculation with borrowed funds. Nothing more.
****
Get your head out of your ass!
Local speculation my ass…
Are there local speculators? Sure, but they are the minority and not the ones impacting the market.
Go to an open house in the Westside and see who is visiting the house; check out footage of the Sovereign line-ups and look who is buying; visit the Olympic village, and tell me who is buying. Look at Richmond's surge and note the correlation with China's implementation of housing restrictions.
Shove your PC "the locals are driving this market up" crap and realize that offshore money has poured into a couple of micro-markets.
Stop
March 7th, 2011 at 9:37 am
@Troll: He is absolutely right. Thanks to the sell out politicians and scum bag RE industry for turning Richmond and Vancouver into Bejing and Shanghai. If they want to come here so bad tax the bejesus out of them and reduce our deficit. Friggin sell outs.
March 7th, 2011 at 9:36 am
It is still the same. The foreign money entering this province is minimal at best. That won't change anytime soon.
With the high CAD$ and the US in recession we are probably at lower levels of foreign money coming into BC real estate than in the previous 10 years. Whistler is a perfect example. HAM is a marketing ploy that has sucked in the locals. What we are seeing in Richmond and the Westside is local speculation with borrowed funds. Nothing more.
March 7th, 2011 at 9:29 am
Right on! If you aren't Coast Salish, get eurass back to Eurasia.
March 7th, 2011 at 9:18 am
@Troll: "it’s clear what the consensus view here is thanks to the voting system"
Yeah that's true. I guess then the comment voting system does have some value.
March 7th, 2011 at 9:16 am
Must be slow in the real estate offices today.
I love when all real turd pumpers show up with the Rich Chinese BS. They must be getting scared March 18th is less than 2 weeks away.
March 7th, 2011 at 9:07 am
@Troll:
OK, so where’s your ‘proof’ that this is a blowoff top?
Really?
A heightened frenzied rush to buy that narrows from LM down to just Richmond and Van West, while the farther you get from these two places, the worse the market is behaving isn't proof enough for you?
As this pattern continues, what do you expect?
Let's follow the current pattern to its end then:
Next month, it will be the richer parts of Van West only, and only the Most Asian sectors of Richmond that are still hot, then each month this area of hot real estate will shrink again, while continuing to have massive all-out bidding wars.
By this time next year, there will be one property left at the epicenter of the 'hot market' as it will have shrunk to only one property. and its value will be infinite.
What else could it possibly be?
I suppose you think that the hot sector that keeps shrinking will instead reverse course and extend back out to all of the LM and then BC?
What else could it be other than a blow-off top? What other model fits a shrinking area of heightened frenzied purchasing while all around it's dying out? FTB's are not able to compete anymore. The property ladder bubble is out of fuel.
The fat lady is singing. Don't be stupid.
March 7th, 2011 at 9:04 am
@Best place on meth:
Time to stir up some nasty shit in this town.
Right, we need to stop being scared and treat them as a privileged and god-given people that came over to teach us a lesson and force their way while destroying most of values that were build by generations. We should stop being inferior and stop accepting debacle of society as we know it. After all their purchasing power mainly comes from a dirty money that local working middle class can't compete with. Should we just give up and quietly watch city destruction where greed and primitivism become a dominant virtue? I don't think so.
March 7th, 2011 at 8:58 am
@curious lurker:
OK, so where's your 'proof' that this is a blowoff top?