Friday Free-for-all!

It’s the end of another work week and that means it’s time for our regular weekend news roundup and open topic discussion thread.  Here are a few links to kick off the chat:

Time to panic on the housing market
Very few expiries means a quick return to the 15k party.
We’re at the highest inventory for this time of year in years
Tighter mortgage regulations expected
Do banks need to boost risk?
Housing prices flat or falling
House prices drive away staff
Alarming rise in homeless families
Here’s the fake GVREB press release
Seattle (down 32%) was supposed to be immune to price drops
Irish tiger left lots of empty homes

 

And just one more reminder:  If you register for an account, you must use it to leave a comment here or it will be deleted.  There have been a number of new registrations lately that have not added any comments.  We don’t want to force you to participate in the conversation, but a number or fraudulent registrations preceded our recent site problems.

Please just leave a single on comment topic if you want to keep your registration active otherwise it will be deleted.

Thanks, and let us know what are you seeing out there.  Post your news links, thoughts and anecdotes here and have an excellent weekend!

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[…] – posted by ‘gordholio’ at VCI 3 Mar 2012 10:10pm […]

Anonymous
Guest
Anonymous

@paradox:

You are correct. We here think everyone is here to take advantage of our health care system. The fact is no one cares and it sucks. In fact, many of my immigrant friends go back to their country to get their health care. So in fact this benefits us. They pay to the health system, but don’t use it because it sucks.

asalvari1
Guest
asalvari1

@mac:

Rob lost my total interest when he “accidentally” for the second time deleted all the comments on the site. He had a rich content at the time back, but total disregard to the peoples writings.

Which reminds me, again, kudos to the admins of this site – you guys ROCK !

mac
Guest
mac
@Dust-to-dust: Chipman wants his status back. He wants clicks and comments. He used to thrive on being able to “win” arguments against bears by twisting everyone’s words around and then saying you and he were in essence in agreement and then going on and “proving” the rest of your points wrong and then shifting the focus of the topic and then putting the onus on you by asking you how he had done anything contrary to the rules and points you and he agreed to, which were really something you never agreed to in the first place. Then he’d declare victory over and over again. Some kinda 7 Habits of Highly Annoying People kinda thing. Remember? His last go-round lost all of his regular readers. He will never admit the market isn’t great. Remember in 2008/9? All his chin-up talk… Read more »
ReadyToPop
Guest
ReadyToPop

Now, lawmakers are looking to exert a bit more control over the institution that pulls key levers of the nation’s economy.

GOP and Dem lawmakers aim to assert greater control over the Federal Reserve

Patiently Waiting
Member
Patiently Waiting

@real_professional: A lot of the people who yell “racism” about immigration reform would totally freak out if their children married outside their ethnic group.

real_professional
Member

@Makaya

Good on Kenny!

My parents came to canada in the 60s from India. They could both speak and write english, but continued to try to improve their casual canadiana conversation skills in the following years.

I just don’t see the same effort expended by others coming to this country. Also, I have never understood why Canadians feel that it is “racist” to expect immigrants to learn english… the truth is that many immigrants themselves believe Canadians are far too accommodating to immigrants.

Anonymous
Guest
Anonymous

@Anonymous: Agreed. I’m sure a series of shell companies would develop with the sole purpose of offering work contracts to immigrants

N
Guest
N

@patriotz:

Yup. That was my understanding.

Dust-to-dust
Guest
Dust-to-dust

went to an open house in North Van. Nice house which is up-dated and well priced for this market.

No HAM here. They must not venture into N. Van yet. Lots of anxious youngish white couples eyeing each other up.

Based on this and other open houses I would say that local buyers are driving most of the market and the HAM are restricted to certain areas.

good-format
Guest
good-format
Copied from PaulB’s number http://www.laurenandpaul.ca Date Listing Price(+-) Sold Inv Inv(+-) Feb 1 305 74 38 13,368 Feb 2 251 64 155 13,447 79 Feb 3 249 56 122 13,548 101 Feb 6 325 82 113 13,691 143 Feb 7 281 70 140 13,793 102 Feb 8 516 138 214 14,013 220 Feb 10 234 63 94 14,108 95 Feb 13 314 106 133 14,187 79 Feb 14 281 85 147 14,273 86 Feb 15 254 60 112 14,365 92 Feb 16 252 94 110 14,411 46 Feb 17 225 84 148 14,436 25 Feb 20 317 133 141 14,526 90 Feb 22 239 96 135 14,664 138 Feb 23 222 67 108 14,709 45 Feb 24 220 88 112 14,775 66 Feb 27 294 129 107 14,931 156 Feb 28 294 120 179 15,012 81 Feb 29 239 112… Read more »
ireland
Guest
ireland
patriotz
Member

@Anonymous:
Never mind fraud, what about simply importing foreign labour to undercut Canadians when there is no shortage of local talent in the first place. Browse some US forums and see what people think about H1B visas.

Che
Guest
Che

“Frankly, the employer knows better than a big bureaucracy whose skills are needed and will be relevant to the Canadian labour market the minute they arrive.”

wet dream of Canadian Corporate Oligarchs..fighting for the meager pay among the serfs..

Anonymous
Guest
Anonymous

“Frankly, the employer knows better than a big bureaucracy whose skills are needed and will be relevant to the Canadian labour market the minute they arrive.”

Does the system prevent bribes and fake working contracts?

ReadyToPop
Guest
ReadyToPop

On the other hand, Kenny says foreign doctors and lawyers should not be given false hope that they will be able to secure jobs as soon as they arrive if their language skills are not up to par

Even if they secure a job in this town, they’ll likely be mortgaged up to their eyeballs if they’re young. Lots of other places in B.C. though.

VCI Admin
Admin

@VHB: This also may be of interest – the docs function over at vancouverpeak.com is a bit like a wiki, but has a simpler editing interface. I dropped your March historical data into a spreadsheet, then copy and pasted it into a new doc and it kept the table intact:

http://vancouverpeak.com/groups/data-hounds/docs/march-historical-sell-list-2001-2011

Docs can be tagged, commented on and the creator can decide if they are editable by everyone (by default they are).

VCI Admin
Admin

@VHB: Hopefully this will help for how to insert images into posts:

http://vancouverpeak.com/groups/inventory-graph/forum/topic/inventory-graph/?#post-2283

Makaya
Member
Makaya
Not sure if this has been posted already… Canada’s Aussie rules immigration reform “The Globe and Mail reports Citizenship and Immigration Minister Jason Kenney is planning major immigration reforms, including granting employers more power in requesting the immigrants they want: “Once people have been identified by employers, if they meet our other standards we would fast-track them into the country,” Mr. Kenney said. “Frankly, the employer knows better than a big bureaucracy whose skills are needed and will be relevant to the Canadian labour market the minute they arrive.” On the other hand, Kenny says foreign doctors and lawyers should not be given false hope that they will be able to secure jobs as soon as they arrive if their language skills are not up to par. Over the next few months, a higher language-skill benchmark will be implemented for… Read more »
Anonymous
Guest
Anonymous

@logic: “even illiterate people make money in RE in this town!”

BTW illiterate means not able to read or write. Based on your punctuation and the incorrect use of the word illiterate I would say your post is closer to illiterate than Bailing’s is. Just saying.

Anonymous
Guest
Anonymous

@Best place on meth: I’m glad they posted each pic twice…it helped with my double-take

Anonymous
Guest
Anonymous

@logic: Make the correction, but don’t be a dick about it

Extremely rich Van house owner.
Guest

@Anonymous:
Be peaceful and civilized;We are wealthy home owners,not like those social failure who are full of resentment and even have difficulty of paying their rent on time.
Don’t forget to pay your rent on time or u will be swept out .

Anonymous
Guest
Anonymous

@Best place on meth: it’s still cleaner than your filthy mom’s basement

VHB
Member
VHB

Just posted a cool sell-list ratio graph over at the Peak.

http://vancouverpeak.com/wp-content/uploads/ubpfattach/21day-movingaverage-march3rd.png

BTW, anyone able to tell me how to embed images in posts at the Peak? I can’t figure it out. Thnx VHB