Sort by:   newest | oldest | most voted
Anonymous
Guest
Anonymous

It is outright fabricated datum.Friend of mine sold his SFH in Richmond for 1.1 million which translate 12% jump.When bears will stop their delusion which defies reality? There ain’t gonna be a crash,even a minor one.Price and sale are just stable due to seasonal effect.

southseacompany
Member
southseacompany

In the news:

“Greater Vancouver home sales fall way below average in March” Georgia Straight, Apr 3/12
http://www.straight.com/article-650776/vancouver/greater-vancouver-home-sales-fall-way-below-average-march

“Real estate sales continue to cool”, Richmond Review, Apr 3/12
http://www.richmondreview.com/news/146023725.html

“Metro Vancouver home prices climb while sales drop: Home sales have reached a decade low”, Van Sun, Apr 3/12
http://www.vancouversun.com/business/mortgages/Metro+Vancouver+home+prices+climb+while+sales+drop/6404620/story.html

rp1
Guest
rp1

It’s just the weather. The money printing has not stopped and will never stop. Houses will be $10 million before you know it, followed shortly by prices in scientific notation. People looking for a correction are putting their faith in a broken system.

This country is bankrupt in large part due to housing loans. Its currency is worth zero. And its real assets are owned by banks, not citizens. Banks own the real estate, and the few people not indebted to them own worthless scraps of paper.

Devore
Member
Devore

With so few sales and prices barely budging, lots of realtors must be having trouble making lease payments on those BMWs.

jesse
Member

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

YLTNboomerang
Member

OH No, HAM’s going South:

http://www.usatoday.com/money/economy/housing/story/2012-04-03/us-homes-lure-chinese-buyers/53977638/1

Sitting at an airport this morning in the US I was bored enough to pick up the USA today and the cover article in the money section caught my attention…not because of the headline “High-end u.s. homes lure Chinese buyers” but the info graphic ranking which countries are buying the most us homes where at 18.9B Canada is number 1 (China is only #2 at 7.4B)

Guess we’re even bigger speculators than HAM!

The website doesn’t have the info graphic so I snapped a photo on my phone but don’t know how to upload it…

jesse
Member

@YLTNboomerang: “Guess we’re even bigger speculators than HAM”

I don’t see how buying at lower prices, where rents are capping well above 8%, is big speculation. Sounds like the US, pound for pound, offers a better deal. Anyone still buying in Vancouver is a sucker; these days it’s OC, Arcadia, Cupertino, and Irvine.

N
Guest
N
The Ant
Member

@jesse: Arent realtors always ‘busier than ever’? They’re always running around hammering in for-sale signs, talking to other realtors in coffee shops, updating their twitter, posting on real estate talks and holding open houses.

It’s one of life’s great truisms. It’s always a good time to buy (or sell) and realtors are always busy.

jumpin in
Guest
jumpin in

Fromt he US today article:
“Lily-Sui Zhang, 30, says her husband’s Beijing family bought a house in South Pasadena, Calif., last year so her three young children would have access to good public schools.”
I thought public schools in the US were in decline and that wealthy Americans would rather put their children in private schools. May be her interest is that her children will learn English.

Anonymous
Guest
Anonymous

@jumpin in:

Her interest is in free schools and free loading off the social welfare system. Its the same scam that is pulled Vancouver. Dad works in china, does not report income to the IRS or CRA, wife and kids suck up free school and low income benefits in the USA or Canada and pay nothing into the system.

jesse
Member

@The Ant: “Arent realtors always ‘busier than ever’?”

This particular fellow is always making deals. He’s a self-professed top sales guy, he can no doubt move your property, or get you a great deal on one if you’re looking to buy. Give him a call! 😆

YLTNboomerang
Member

@jesse: Buying real estate in a foreign land is speculation, period. Investing in the US is probably a good investment right now but it is still speculation. How about “Canadians are more addicted to real estate than anyone else”

Best place on meth
Member
Best place on meth

@jesse:

>>>I just heard from a Realtor on Realestatetalks that he’s busier than ever<<<

Busy making sales, or busy tying balloons at the numerous open houses?

jesse
Member

@Anonymous: “pay nothing into the system”

Outrage! Sounds like these folks would fit right in at parties of the 1%. You know, the ones who will lead us to glory by innovating and investing in the right things.

I’ll put on my blue shirt today and state, should it be any surprise that well-heeled money is flowing to — gasp — well-heeled areas? So long as it’s not TOO well-heeled, then it might start throwing a bit too much envy in my face. As someone earning much less than the median household income in these areas, should I give a f&ck?

After much consternation and introspection, my answer remains no.

jesse
Member

@Best place on meth: LOL no when this chap says “busy” he means

C.L.O.S.I.N.G

Big Bear
Guest
Big Bear
@Anonymous: Not True – Her interest is in free schools and free loading off the social welfare system. Its the same scam that is pulled Vancouver. Dad works in china, does not report income to the IRS or CRA, wife and kids suck up free school and low income benefits in the USA or Canada and pay nothing into the system. I’m a bear just like everyone else here. I don’t like it when people speculate on real estate and bid up the prices. But what you are saying is completely false, the opposite is true. They pay their share taxes. When they bring in money to Canada, they need to declare the source. Banks track all transfers over $5,000. They simply cannot bring money into Canada without declaring income. Because they are new here, they don’t know how or… Read more »
patriotz
Member

@YLTNboomerang:
“Buying real estate in a foreign land is speculation, period.”

Nonsense, the location of the asset has nothing to do with it. It’s how you intend to make money on it (i.e. selling for a gain), assuming you intend to make money on it. Some Canadians actually buy US RE just to stay in it rather than as a financial investment.

Van coffee
Guest
Van coffee

Big bear –
All due respect, but you have no idea what you a talking about.

Funds transferred into Canada do not constitute “income” that has to be reported to the CRA.

If daddy is not a resident of Canada he ain’t declaring his Worldwide income to the CRA – why would he, he doesn’t legally have to. So mommy and kiddies do reside here, contribute less than nothing and occupy space here.

I doubt they are getting welfare cheques, but if your kids are in public school here, you should pay taxes on your worldwide income here.

patriotz
Member

@Van coffee:
“If daddy is not a resident of Canada he ain’t declaring his Worldwide income to the CRA – why would he, he doesn’t legally have to.”

Anyone with dependent family in Canada is deemed a resident of Canada for tax purposes and is liable for taxation on worldwide income.

Also anyone who is a permanent resident (as opposed to a citizen) is deemed a resident for tax purposes.

Those are the rules, the problem is enforcement.

Anonymous
Guest
Anonymous
I’m a bear just like everyone else here. I don’t like it when people speculate on real estate and bid up the prices. But what you are saying is completely false, the opposite is true. They pay their share taxes. When they bring in money to Canada, they need to declare the source. Banks track all transfers over $5,000. They simply cannot bring money into Canada without declaring income. Because they are new here, they don’t know how or where to apply for the benefits even when they are legitimately entitled. Most of the new immigrates I’ve met goes back to their home country for medical care as it takes too long for anything. Any preventative procedures here cost money and is more expensive than their home country. If you don’t like certain action (people bidding up real estate), focus… Read more »
patriotz
Member

@Anonymous:
“Odd, that recent immigrants from that country would fly all the way back to access that user pay system when we have a world class, universal, “free” system”

Yeah but you can’t buy body parts here.

Tick-Tock
Guest
Tick-Tock

Anonymous: “we have a world class, universal, “free” system”

LOL…laugh of day

Bear Whine
Guest
Bear Whine

Uh oh bears….

Looks like sales are taking off again as we enter the spring sales season…

Watch for dwindling inventory and creeping price gains…

Lol – and it begins again

Oh well, there is also next year to predict the end of the market…

For the 4th year…

Best place on meth
Member
Best place on meth

@Bear Whine:

Jeez, one day of strong sales and the coackroaches come scurrying out from behind the fridge.

wpDiscuz