Now this is interesting.. More than one third of Canadians between the ages of 30 and 39 think that current interest rates are about average or high.
Seriously.
There are a whole bunch of people out there that think these record low interest rates are normal or better yet, think that they are high.
I think perhaps it’s not the rates that are high.
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". 
September 13th, 2011 at 4:18 pm
Sept 13, 2011
Richmond
New Listings 26
Price Changes 16
Solds 18
Vancouver West
New Listings 71
Price Changes 27
Solds 23
Vancouver East
New Listings 42
Price Changes 10
Solds 13
North Vancouver
New Listings 37
Price Changes 4
Solds 10
Burnaby
New Listings 31
Price Changes 13
Solds 10
Coquitlam
New Listings 35
Price Changes 9
Solds 12
West Vancouver
New Listings 14
Price Changes 7
Solds 6
Ladner
New Listings 3
Price Changes 1
Solds 2
Port Coquitlam
New Listings 10
Price Changes 3
Solds 4
Maple Ridge
New Listings 15
Price Changes 11
Solds 5
New Westminster
New Listings 11
Price Changes 6
Solds 4
Pitt Meadows
New Listings 3
Price Changes 0
Solds 1
Port Moody
New Listings 11
Price Changes 2
Solds 2
Squamish
New Listings 5
Price Changes 2
Solds 2
Tsawwassen
New Listings 2
Price Changes 2
Solds 0
Whistler
New Listings 1
Price Changes 4
Solds 0
South Surrey White Rock
New Listings 17
Price Changes 16
Solds 9
September 13th, 2011 at 3:49 pm
In 2005 I financed a new motorcycle at carter Honda. My interest rate was %8.85 plus fees. I was 22 and made $16.24 an hour :b
September 13th, 2011 at 3:35 pm
I came across this ad on Craigslist. Can it be real????
http://vancouver.en.craigslist…..42444.html
————————
I just called Ms Chen. She only speaks Chinese. I told her that I was filing a human rights case against her for her discriminatory practice. It fell obviously on deaf ears.
Next stop – tip to Revenue Canada about their undeclared income and mysterious source of wealth (I really don't know now do I but cally my tip a hunch).
If they want to be openly discriminatory, lets see how they like an audit from Revenue Canada.
You have to battle their open arrogance for our values and ways where it hurts – in their wallets.
September 13th, 2011 at 3:26 pm
@Anonymous:
"Debt is just negative cash- you have to pay back what you spend, plus interest. Your not ‘saving money’ by using credit instead of cash."
That only impacts a person's thinking if they really understand that they have to pay the debt back. A lot of people have a great deal of difficulty telling the difference between debt and income.
September 13th, 2011 at 2:29 pm
Yes Frank, It is for real.
I just called Ms. Chen.
She only speaks Chinese.
September 13th, 2011 at 2:19 pm
Li Kai Shing is a genius.
He, and his concubines, has his finger(s) on the pulse of the tragically abused city of Vancouver.
September 13th, 2011 at 2:14 pm
I came across this ad on Craigslist. Can it be real????
http://vancouver.en.craigslist.ca/nvn/apa/2597042…
September 13th, 2011 at 2:01 pm
Can you guess what my favorite holiday is?
September 13th, 2011 at 1:52 pm
I bet if you were to poll this same group of people they will believe taxes are too low and the government doesn't spend enough. The average person is a moran with a giant sense of entitlement.
September 13th, 2011 at 1:48 pm
I don't get why everyone voted down on Li Kai Shing, the man is a genius!
September 13th, 2011 at 1:46 pm
50sqft den for rent :
http://vancouver.en.craigslist.ca/van/roo/2597357…
Only $595/month
September 13th, 2011 at 1:40 pm
@bubba: I mostly read Garth's blog for the comments. Garth's rants are often self-serving or self-righteous. We all do that now and then, but Garth takes it to a whole new level.
But yeah, avoid condos like the plague and even more if you aren't party of the main demographic. This part blew my mind:
"maintenance work around the building for free, yes, by us – painting, concrete sealing, pavement repairing, cleaning etc. – (specific maintenance dictated by the strata) so as to save the maintenance fund for further assessments and so not force certain people out."
Are there stratas where members actually do stuff like pavement repair? Really?
I thought people lived in condos to avoid that kind of work.
Oh, a renter's life is the life for me.
My landlord spent a few hours yesterday fixing our drains. I don't begrudge the rent I pay him as he works hard for it.
September 13th, 2011 at 1:29 pm
@Li Kai Shing:
You've just outed yourself as not really being Chinese…the return on a can has been 10 cents for many many years.
September 13th, 2011 at 1:28 pm
@Pete’s Sake: What the… let me guess, she was driving an Acura RDX/MDX?
September 13th, 2011 at 1:26 pm
@paulb: The number of new listings per day are surpising me. Is this normal for September?
September 13th, 2011 at 1:02 pm
Bottles and Cans.
Very simple math….get say 5 cents /can X 20 cans = $1
Do 20,000 cans/night = $1000.
Just drive down houses with basement suites, round -eye troglodytes easily fill dumptruck .
Yuan snooze ….yuan loose.
September 13th, 2011 at 12:12 pm
He now hand them directly to the people they were intended for when he sees them.
________________
Its either that or I am going to booby trap them once I see the well off Chinese coming with their cars…..
September 13th, 2011 at 12:11 pm
@paulb:
So correct me if I am wrong, but it looks like inventory is at the second highest level is has ever been (or at least for the last six years) at this time of year.
September 13th, 2011 at 11:55 am
@Pete’s Sake:
My friend got so pissed off at well off Chinese people coming around stealing the cans he'd left out for the homeless that he stopped putting them out.
He now hand them directly to the people they were intended for when he sees them.
September 13th, 2011 at 11:38 am
@jesse:
And it doesn't guarantee high prices either.
September 13th, 2011 at 11:01 am
@Pete’s Sake:
Chinese people's objective is to get every penny from you (quote Russell Peters), lol.
All jokes aside, in the newish condo that I just moved in, a similar situation occurred. Few days ago I went down to the garbage room late at night. Right after I used the fob to unlock the door, a middle aged Asian dude rushed out, avoiding eye contact while carrying a big black garbage bag full of cans and bottles out of the door. I was thinking How come he's not recycling those cans… Wait a minute..
———-
I was driving on SW marine leaving UBC, there are practically whole blocks of houses either for sale, or are in the process of being torn down / having huge mansions built. I wonder where the previous owners moved to, and who the new owners are. If the recent high listings/low sales trend continues, these owners (especially if they are flippers) are in for a big surprise.
September 13th, 2011 at 10:46 am
@paulb: 323?Wowzas…
September 13th, 2011 at 10:32 am
Okay, what is with the Chinese driving around back alleys in cars picking up cans and bottles left for the homeless!
This is getting ridiculous – I just told off a well dressed (relative of course to homeless) soccer mom who is driving up and down the alley ways collecting recyclables. She picked up a 6 pack case, empty them into her double bags in her Honday Accord and threw the packaging on the ground. I yelled at her to pick it up and she did it with such soccer mom attitude.
Is this what it takes to own homes in Vancouver now???
September 13th, 2011 at 10:16 am
New Listings 323
Price Changes 127
Sold Listings 117
TI:16512
If you like the stats updates please “like” our Facebook page http://tinyurl.com/paulandlauren
Website http://www.laurenandpaul.ca
September 13th, 2011 at 10:06 am
Vancouver East & West*
New Listings – 110
Back On Market Listings – 1
Price Changes – 37
Sold Listings – 36
Vancouver All Areas*
New Listings – 318
Back On Market Listings – 5
Price Changes – 124
Sold Listings – 117
*Attached & Detached – Date: 09/13/2011 Time: 18:04 Pacific YatterMatters.com: Courtesy REBGV. Data believed to be accurate but is not guaranteed
September 13th, 2011 at 10:06 am
Sneak peek at Chez Larry's!
September 13th, 2011 at 9:59 am
Where the hell are the HAM?
The west side has gone so cold it would make a Finn uncomfortable.
19 SFH listed today vs. 2 sales.
Richmond 12 listings, 2 sales.
Burnaby 11 listings, 1 sale.
And North Van has turned into a listings machine lately, another 22 today, 7 sales.
September 13th, 2011 at 9:46 am
@ReadyToPop:
"I stop at a big name coffee shop in a busy central area of the Lower Mainland each morning"
You are giving way too much info on where you go for coffee.
September 13th, 2011 at 9:36 am
@Troll: "interest rates will stay “very low for a long time.”"
Ah the old "long time" saw. That means, unfortunately, wage growth will stay, well, you know.
September 13th, 2011 at 9:23 am
More Condo Hell from a young condo owner on Garth's blog
http://www.greaterfool.ca/2011/09/12/too-much-lov…
Scroll to poster #212 Proud Gen X -er on 09.13.11 at 6:08 pm
More reasons avoid condos.
Also :I was at family members condo ….all stucco redone..being pressure washed (bad idea for # of reasons).
The residue falls on the cement and is slick as gooseshit…many seniors live there.