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Chief
Chief
8 years ago

@Big Bear:

@ Big Bear,

it is true. Chinese don’t declare income here and suck up child tax credits, monthly federal bonuses, day care subsidies, etc.
They are as cheap as cheap is. As soon as they find out about a low income benefit they’re all over it.

Anonymous
Anonymous
8 years ago

@Big Bear: You don’t need to declare if you bring in less than $10K into the country. Thus if the family goes back to China every 3 month, each person can bring back $9999 CAD back without needing to tell anyone. As for bank tracking, just deposit $1K at a time or rent a safety deposit box if you are really paranoid. That’s very common.

As for claiming benefits, most new immigrants know how to do that. It’s called the Internet? There are forums dedicated to this stuff. If they are really stuck, well your local SUCCESS branch is more than happy to help out! After all that is part of their mission!

Many Franks
8 years ago

@rp1: Yes, I’m aware. My point is that lending costs are going up for banks, and they’ve been given a clear signal from the regulators that they will have to watch their own backs. The 2.99% BMO special is a thing of the past. Bond rates are low compared to historical levels but the downtrend is clearly broken.

And stop talking about my nice round bottom.

good-format
good-format
8 years ago
 Date      Listing  Price(+-)  Sold   Inv     Inv(+-)  S/L(%)
Mar-28       259     118       104   16,173     84     40.2
Mar-29       239     104       151   16,180      7     63.2

Apr-02       450     139       125   16,074            27.8
Apr-03       319     133       224   16,124     50     70.2
Apr-04       302     131       147   16,230    106     48.7

Total-Cur  1,071     403       496             156     46.3
5 day-avg    314     125       150              62     47.9
Total-Est  6,719   2,653     3,200   17,342  1,272     47.6

Historical April Sales and listing

       sales   listing   S/L
2001   2,253    3,556   63.4%
2002   3,785    5,215   72.6%
2003   3,095    4,139   74.8%
2004   4,106    5,665   72.5%
2005   4,043    5,731   70.5%
2006   3,345    4,452   75.1%
2007   3,490    5,724   61.0%
2008   3,218    7,010   45.9%
2009   2,963    4,649   63.7%
2010   3,512    7,648   45.9%
Mean   3,381    5,379   62.9%
Median 
jumpin in
jumpin in
8 years ago
rp1
rp1
8 years ago

#52 @Many Franks: Regarding the 5 year bond yield, look at the 5 year chart. Granted, it does look like a nice round bottom, but you may find these yields and the yield curve a bit more informative.

http://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/

Gee, I wonder what it means when the interest rates for all durations are the same and rise together πŸ™‚

jesse
8 years ago

@Dante: “still a lot’s of knife catchers among the sales numbers” To give some context to the “year of horror” AKA 2008, sales were higher in April than March. To equal 2008 we would need sales of about 3200, or averaging 160 per day for the 20 business days in the month. We are currently at an average of 165 per day, which would be 3300 sales. As I’ve stated before there is lots of inherent variability in sales and listings volume so it really may be nothing. That stated, the macro picture this year is less favourable than last year: – population growth slowing – advent of credit tightening on the horizon – increased for-sale inventory – prices are higher – Chinese GDP growth looks to be slowing IMO the big one is credit tightening. There is little way… Read more Β»

Bob
Bob
8 years ago

I have no idea why you basement suite dwellers pick on Realtors.

After Goldmans Sachs broker, it is the next most trusted profession since Ouija Board repairmen.

Just see the most recent National Enquirer poll..you assh%$les

Anonymous
Anonymous
8 years ago

@Tony: Well if that’s true Tony, we’re in for a world of hurt based on where inventory is starting from the end of winter.

gordholio
8 years ago

My apologies to those who’ve already seen it, but I just gotta post this again. USA circa 2006, as the bubble exploded all around.

http://www.burbed.com/2006/11/06/its-a-great-time-to-buy-or-sell-a-home-the-ad/

PS: #65 Anonymous: Had to step back from the monitor, but the bear is awesome. Roar!

UnagiDon
UnagiDon
8 years ago

@Alum: “So buying a condo is a safe bet in this market.”

Your realtor is only half as smart as mine. He tells me that now is a good time either to buy or to sell a condo.

Alum
Alum
8 years ago

According my local realtor, as housing price increases have stalled, condos have more room for price appreciation.

So buying a condo is a safe bet in this market.

VMD
VMD
8 years ago

[Bank rules may cool Vancouver condo market: Flaherty]
4/4/2012

The minister said in his budget last week that the government would implement “enhanced supervision” for the Canadian Mortgage and Housing Corp., the body that insures loans for buyers who put down less than 20 per cent of the cost of the home.

The minister wouldn’t reveal what changes are coming for the Canadian Mortgage and Housing Corp. He said an announcement is coming soon..

http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/20120404/bc_flaherty_warns_cooling_condo_market_120404/20120404/?hub=BritishColumbiaHome

Anonymous
Anonymous
8 years ago


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Devore
Devore
8 years ago

@jesse:

Devore, why I just heard from a Realtor on Realestatetalks that he’s busier than ever, he cannot understand the aggregate numbers.

Those ‘for sale’ signs don’t hammer themselves into the ground, and someone has to keep open houses staffed. Realtors are always busy, but busy doesn’t put food on the table.

Anonymous
Anonymous
8 years ago

@mac: I remember watching that shot in real time and being absolutely stunned. That is still one of the greatest sports moments of all time. It’s almost mystical the way that the golf ball seems to stop on the rim, delay for about a second and finally find its way to its intended location, as if it were purposefully teasing us.

Tony
Tony
8 years ago

, I agree, you are dumb. Inventory rises during the spring and summer.

Navin R. Johnson
Navin R. Johnson
8 years ago

Where are all those a-hole re: shills that were so quick to jump on here and bash the bears yesterday? These ain’t bullish number buttholes

mac
mac
8 years ago

@McLovin:

Ooooh. April 20th. Auspicious day for home selling: Adolf’s birthday! Woohoo! Let’s get all our 444444s out.

McLovin
McLovin
8 years ago

17K Party by April 20!

I might be a dumb bear but isn’t inventory supposed to decline during “prime selling season”?

real_professional
8 years ago

inventory building at a good pace….”from hell’s heart I stab at thee”

mac
mac
8 years ago

I needed this with all those idiots out there still buying places:

http://macromon.wordpress.com/2012/04/04/masters-week-this-guy-is-pretty-good/

Dante
Dante
8 years ago

still a lot’s of knife catchers among the sales numbers

paulb.
paulb.
8 years ago

New Listings 302
Price Changes 131
Sold Listings 147
TI:16230

Thanks for the Facebook “likes” VCI. Appreciate the support!!

FB Page: https://www.facebook.com/pages/Metro-Vancouver-Real-Estate/168140046580966

sid
sid
8 years ago

“was talking about kids attending public schools”

not necessarily. foreign student can attend US public universities. they just pay international rates.