Friday Free-for-all!

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

Tiptoeing towards sub-prime
Get ready for more bidding wars!
Carney hints at rate hikes
Is Carney actually driving?
Vancouver might get a new tower
Want to RE blog for G&M?
Higher learning in Whistler
Translink puts on the brakes

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!

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900kCrackHouse
Guest
900kCrackHouse

@patriotz: Good point! I never thought of it that way but I’m sure your right.

patriotz
Member

@Laibach:
“Within the Vancouver School Board, for example, schools on the east side of the city outperformed those in the west.”

The average poor kid who goes to university is a lot smarter than the average rich kid who goes to university.

VHB
Member
VHB

@good-format: No problem, friend. I enjoy your excellent formatting! Keep up the great work. VHB.

jesse
Member

@UnagiDon: Ah you mean the dregs of prep schools and west side public schools end up underperforming the average of east side public schools, the “best and the brightest” leaving the province. As an education ministry I know where I’d focus my money.

UnagiDon
Guest
UnagiDon

@Laibach: Explanation… selection bias.
The top local private schools are in many ways college prep schools. Few of their top students go to UBC.

jesse
Member

@Anonymous: LOL you must have gone to private school. RTFP.

Anonymous
Guest
Anonymous

@Laibach: ….Within the Vancouver School Board, for example, schools on the east side of the city outperformed those in the west…..

Too bad the story appears in a newspaper, otherwise it might be believable.

Laibach
Member
Laibach

Is HAM lowering overall performance of once superb schools?

The authors looked at the academic performance of more than 4,500 students in a first-year physics class at the University of British Columbia between 2002 and 2006. They found that those who had graduated from public schools in the Metro Vancouver area outperformed their peers arriving from private schools and school districts in more remote parts of the province.

The findings, which were published last week in the International Journal of Science Education, contradict some commonly held beliefs, including that independent schools give students an academic head start while those in low-income urban schools fall behind.

Within the Vancouver School Board, for example, schools on the east side of the city outperformed those in the west.

http://www.theglobeandmail.com/news/national/public-school-graduates-beat-private-pupils-in-undergrad-research-finds/article2410574/

jesse
Member

Another excuse for lackluster sales methinks.

yvr2zrh
Member

Canucks out in first round after winning President’s trophy.

Soon – Greater Vancouver Real Estate prices fall after decade long run up.

people in the streets can be heard saying “I would have never expected that to happen.”

Anonymous
Guest
Anonymous

hockey season over; yardwork season begins.

Boombust
Guest
Boombust

“Michael Levy is quite gutless on this. I would expect he has personal interest in keeping the prices where they are.”

Not to be rude…but “Duh”.

jesse
Member

@Devore: “It’s Probably Nothing”

LOL Probably

Makaya
Member
Makaya

@Makaya: Here is my email address where you can request the issue: fortunatefool00@gmail.com

Makaya
Member
Makaya
@McLovin: as I wrote in the comment section of the whisperer, I was really surprised that this article is fairly extensively “inspired” and even sometimes outright plagiarized from the article I wrote for GEAB regarding Real Estate in Canada… See on the right column, on the contents section, an article called: “The Canadian real estate insanity, a repetition of the US mistakes – Towards a 15% to 25% fall in prices from 2013 In this anticipation on the evolution of the Canadian residential real estate market, LEAP/2020 shows that the economic “miracle” is nothing more than a mirage, based on excessive private debt that created a gigantic real estate bubble that is about to burst. ” http://www.leap2020.eu/English_r25.html I can’t publish it online directly because of copyrights, but if you send me an email, I can send you the whole document,… Read more »
Makaya
Member
Makaya
@McLovin: as I wrote in the comment section of the whisperer, I was really surprised that this article is fairly extensively “inspired” and even sometimes outright plagiarized from the article I wrote for GEAB regarding Real Estate in Canada… See on the right column, on the contents section, an article called: “The Canadian real estate insanity, a repetition of the US mistakes – Towards a 15% to 25% fall in prices from 2013 In this anticipation on the evolution of the Canadian residential real estate market, LEAP/2020 shows that the economic “miracle” is nothing more than a mirage, based on excessive private debt that created a gigantic real estate bubble that is about to burst. ” http://www.leap2020.eu/English_r25.html I can’t publish it online directly because of copyrights, but if you send me an email, I can send you the whole document,… Read more »
Devore
Member
Devore

@vangrl:

“Looking at a Shaughnessy Listing on BALFOUR Avenue, On the market 196 days, listed in July of last year for $6.8mill currently reduced to $4.9mill. Wow, is there a problem? or?”

It’s Probably Nothing(TM)

McLovin
Guest
McLovin
yvr2zrh
Member

http://www.cknw.com/news/audiovault/index.aspx

April 19, 10:00 am.

at 13:00. We now have Bill Good quoting the Alan Garr statistic of 30% increase in Maple Ridge (then Michael Levy goes on to agree.)

Just listening to the rest right now.

Michael Levy is quite gutless on this. I would expect he has personal interest in keeping the prices where they are.

Anonymous
Guest
Anonymous

@vangrl: $275/sf? Am I missing something?

Vansanity
Guest
Vansanity

@vangrl: Thanks! Must’ve been another property we were thinking of.

dbcooper
Guest
dbcooper

question #4 on the reals estate board exam:

On the supplied piece of paper using the supplied
RED crayon draw an arrow pointing in the UP direction

this is valued at 10% of your final score……..

chilled
Member
chilled

OK, that’s it for today, I’m having a gin and tonic with extra lime while I read my book on the balcony.

vangrl
Member
vangrl
Vansanity
Guest
Vansanity

Hello all, anyone with access to MLSX or whatever it’s called, could you help me out?

I’m wondering what the last sold price and date was for the following: MLS®: V944683

If my memory serves me, that house was listed at over $800k a couple years back, now listed at $699k.