Realtor & landlord trespass in tenant homes

There were a couple of interesting comments in last weekends free-for-all post on the same topic, the first from XYZ:

Well today was interesting. We left the house for an hour for a quick Costco run and when we were about 15 mins away from being home, my 16 year old daughter calls me really upset that some Chinese person just walked into her bedroom :O HER BEDROOM!!!! Apparently he closed the door and went on to wander through the rest of the house, and my son (11) noticed him when he got up from his computer to get his hourly snack and was in what I can only describe as state of shock.. Not every day you see some Chinese dude wandering around your house uninvited and unannounced.

Turns out this was the Realtor. (who’s name for know shall be withheld to protect the guilty, at least until I decide what my next course of action will be.)

Obviously I called the landlord and ripped him a new one. He said that he explicitly told the Realtor that they were not to disturb the tenants. Clearly the Realtor thought since our car was gone he would just waltz right in. :-O

We have an inspection scheduled tomorrow so the only thing that saved that Realtors a$$ from the cops being called was the fact that I needed a few minutes to confirm the inspection date and speak to the landlord.

All the while my daughter stood in her room scissors in hand ready to strike.

I definitely see a complaint being filed in the near future for trespass against this Realtor.

What would you do in this situation?

The second in a similar vein from DR:

Alright folks, I need a little tenancy agreement advice. I have been after my landlord to fix some broken tiles in the kitchen from a water leak. There are now several broken ones with sharp pieces continually coming off. The building is having some renovation work done as many of the units are being updated.

I have been trying for several weeks to get the landlords (as it is family run) to discuss the long over due repair. I just learned from one of the contractors that the landlord entered my unit without notice or permission this morning to look at the tiles. Rather than communicate with me, he decided to just check things out for himself.

This is a huge violation of my privacy and rights as a tenant. I am more than mad at the moment, but I wanted to see if any of you bears have had similar experiences and what your recourse was.

By the way, I have been a longstanding tenant in excellent standing, and the landlords were extremely appreciative when I notified them of the leak because of the potential for serious damage. However, this failure to communicate has become a recent trend as every phone call is never returned and some requests just end up getting taken care of (again without letting me know).

 

92 Responses to “Realtor & landlord trespass in tenant homes”

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    Anonymous Says:
    2
    patriotz patriotz Says:
    3

    @Anonymous:
    Dreadful article. You know right from the phrase “potential housing bubble” in the first sentence. Farther down you get this:

    The government would have to address a number of questions about how to handle an exit, including whether it would raise the legal limit on private mortgage insurance of C$250 billion, the RBC analysts said.

    The article doesn’t state that this is the limit on “private” insurance which is guaranteed by the government.

    As can be seen by reading a bit further, the “private” mortgage insurers don’t want the government to get out at all, but simply to increase the amount of insurance which it guarantees for them so they can make more profits with the risk taken by the taxpayers.

    As I’ve said before, only CMHC’s profits can be privatized. The liabilities must remain with the taxpayer.

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    Someguy Says:
    4

    Call the cops and have him charged with trespassing. That there was a female minor in the house should make for front page headlines. That act seems criminal to me.

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    CMHC had surprised markets on Tuesday by saying the central bank had indicated it would keep its key interest rate at 1.0 percent for the rest of 2012.

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    Update on this. On the weekend I requested a proper lock be installed in place of the latch via email.

    To date I have received no response from the landlord.

    20 Minutes ago I texted the landlord. Lets see if that is going to be willfully ignored as well

    If so I’ll be heading to home depot tonight and deducting the cost from my rent.

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    Patiently Waiting Says:
    7

    @xyz: So the landlord is more than careless in not having a lock on your door. I never trust landlords any further than I can throw them, and tenants should never view the relationship (in this day) as a casual, friendly affair. Its pure business. Sadly.

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    watson Says:
    8

    @xyz: Call the police and have him charged with trespassing. What are you waiting for?

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    Concerned Citizen Says:
    9

    wow, guys those inventory stats look amazing!!!

    however, i have a friend who works for immigration who told me that they got a huge number of visa applications from mainland china. if you know anything about PRC visas, they have to have a sponsor. and in this case the sponsor was a company well known for doing real estate buying tours (company will remain anonymous so it can’t be traced to my friend).

    he said that the applications received this month are more than all of last spring/summer.

    i hope the inventory stays high, but i have a feeling it wont :(

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    Patiently Waiting Says:
    10

    There’s the “c” word and its not “correction”.

    http://www.theglobeandmail.com/report-on-business/economy/economy-lab/daily-mix/how-condo-boom-threatens-a-ghost-city-phenomenon/article2426038/

    “CMHC estimates that roughly 25 per cent of condominiums in the Greater Toronto Area are sold but sitting vacant — shades of Miami at the height of its collapsed condo bubble in 2007. Other analysts say the 25 per cent figure may be too low.

    “This is the ghost city phenomenon,” Mr. Holt said.

    Condo developers in Eastern cities such as Toronto, Montreal and Ottawa, appear to be rushing to sell and build units before interest rates start to climb, and the market crashes.”

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    OK.. got word… he didn’t respond cause there is problems with the roof and the deal might fall through cause that would put them over budget for a move, so was stressing about that…

    He did have the GAUL to ask if the lock was still necessary if they didn’t sell..

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    Patiently Waiting Says:
    12

    @Concerned Citizen: “i hope the inventory stays high, but i have a feeling it wont”

    I know, those crazy Chinese love buying real estate while its falling in value. They are different from anyone else. :P

    Like or Dislike: Thumb up 0 Thumb down 0

    @Concerned Citizen:

    You can have millions of applications.. however the cap on approved applications is the same or lower than last year from what I understand… so who cares?

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    Concerned Citizen Says:
    14

    @xyz: these are visitors visas. if their is a quota on that, it’s news to me. also, it shows that there is growing demand.

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    Concerned Citizen Says:
    15

    @Patiently Waiting: “I know, those crazy Chinese love buying real estate while its falling in value. They are different from anyone else.”

    i’m not a mind reader, so i don’t know what they are thinking and neither do you :)

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    VariableName Says:
    16

    @Concerned Citizen

    “…they got a huge number of visa applications from mainland china. if you know anything about PRC visas, they have to have a sponsor. and in this case the sponsor was a company well known for doing real estate buying tours….”

    Wait, what? For profit entities are sponsoring settlers who have no family relation to the owners of the company and will not be employees of the company? Am I understanding what you said correctly?

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    Guy Smiley Guy Smiley Says:
    17

    in this case the sponsor was a company well known for doing real estate buying tours

    I call horseshit.

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    @Concerned Citizen… I think you are referring to visitor visas. I’m not sure why these “visitors” would want to buy real estate if they can’t immigrate. They might as well buy some place warm.

    Note that recent changes to the immigration system have resulted in a big drop in applications from Asia. China applications for PR are down 45%:

    http://metronews.ca/news/canada/214588/immigration-applications-to-canada-drop-in-asian-countries/

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    Many Franks Says:
    19

    @xyz: That’s gall, not Gaul. Just doing my part to defend the ancient French…

    Like or Dislike: Thumb up 0 Thumb down 0

    Tony Says:
    20

    @Patiently Waiting, are prices falling???

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    fixie guy Says:
    21

    15 Concerned Citizen Says: “i’m not a mind reader, so i don’t know what they are thinking and neither do you”

    True, but most here have met humans and know they’re adverse to throwing away hundreds of thousands of dollars. That level of ‘mind reading’ forms the basis of economics.
    Similar experience informs the reaction to your reply.

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    patriotz patriotz Says:
    22

    @fixie guy:
    “True, but most here have met humans and know they’re adverse to throwing away hundreds of thousands of dollars.”

    They not averse to actually throwing away money at all, if they were there would never be bubbles.

    They’re just averse to their own misguided perception of “throwing away” money.

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    Concerned Citizen Says:
    23

    @fixie guy: “True, but most here have met humans and know they’re adverse to throwing away hundreds of thousands of dollars. That level of ‘mind reading’ forms the basis of economics.
    Similar experience informs the reaction to your reply.”

    you may be absolutely certain that the market is headed down, but that doesn’t mean everyone else is.

    every day sales happen, and they’ll keep happening all the way down.

    i think some people on this blog have lost their perspective. it’s a real estate MARKET, and that means different people have different ideas about what something is worth.

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    patriotz patriotz Says:
    24

    @Concerned Citizen:
    “it’s a real estate MARKET, and that means different people have different ideas about what something is worth.”

    Obviously. But people will find out the hard way that what something is worth is not what you think you’ll be able to sell it for in the future.

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    Anonymous Says:
    25

    I don’t get it. Don’t you have locks on your doors?? Does the landlord have a copy of your keys? If so, why? I would call a lock smith and have them re-key the locks.

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    I know, those crazy Chinese love buying real estate while its falling in value. They are different from anyone else
    ______

    Sarcasm aside, when you are laundering your dirty corrupt money from overseas, catching a falling knife is meaningless if you get a portion of your investment back. Thats the point of money laundering and buying your citizenship – you don’t expect it all back. And lets face it, those catching the falling knives don’t anticipate a 50% decline either.

    This combined sentiment means, yes, there will be motivated groups of people that will invest in declining Vancouver RE and catch the falling knife. Their relative impact is up for debate now though.

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    Turkey Says:
    27

    @Anonymous: It’s not like this stuff is hard to look up. Neither the landlord nor the tenant are allowed to change the locks unilaterally.

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    Guy Smiley Guy Smiley Says:
    28

    @DD What you say might be true.

    But the point is totally moot because CC’s story from his “friend who works for immigration” is utter crap. There is no wave of house-buying Chinese coming on RE company-sponsored visitor visas. The entire post was ridiculous.

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    Dabster Says:
    29

    @xyz:

    I hope you don’t mind me asking is your landlord of Chinese origin? I see the same behavioral pattern as with my Chinese landlord (former though).

    Like or Dislike: Thumb up 0 Thumb down 0

    I wonder if anyone knows of a blog or forum dedicated to dislike of Chinese people. If someone does know of such a resource, perhaps they could post it here, so that people who want to talk about that will know where to go, and people who want to talk about real estate will be able to do so here.

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    Anonymous Says:
    31

    @Guy Smiley: …I call horseshit. …

    I second the motion.

    Like or Dislike: Thumb up 0 Thumb down 0

    Cool Hand Luke Says:
    32

    @Concerned Citizen

    “i think some people on this blog have lost their perspective. it’s a real estate MARKET, and that means different people have different ideas about what something is worth.”

    I think it would be more correct to say different people have NO idea what something is worth, which is how you got the current real estate bubble.

    Some people you just can’t reach. Well, if thats the way they want, well thats the way they get it.

    “Price is what you pay, value is what you get.” ~ Michael Scott, as told to Abraham Lincoln

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    @xyz:

    I hope you don’t mind me asking is your landlord of Chinese origin? I see the same behavioral pattern as with my Chinese landlord (former though).

    __________

    As the above story about the kitchen repairs is my story, I will admit that my landlord is of Chinese origin as well – second generation.

    It is a family run building, and previously a daughter ran the building – she was excellent. Great communicator – helpful, and willing to negotiate. She knew to call and ask for entrance.

    However, the son is a completely different matter. Tenants are viewed as peasants and nuisances and pay cheques only. He never returns calls but sure enough if there is something he wants your help with or if there is a mis-signed cheque, he is on the phone right away. He thinks the building is his fiefdom and he can enter when he wants. He is prone to irrational outbursts because of an inability to communicate with people.

    The man is closer to a nickel than Sunday is to Monday. More importantly, he must really be one unhappy man. He has a really crappy day job, he cannot communicate, and will only make his mark through inheriting the building….

    I feel sad sometimes for him, until he does something stupid – like accessing my place without permission.

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    VanRant Says:
    34

    Here a letter that I have just send to our finance minister:

    Hello Mr Flaherty,
    I have just read the article from Diane Francis of Financial Post and I was appalled.

    http://opinion.financialpost.com/2012/05/04/taxpayers-also-victims-of-hot-money-behind-canadas-condo-bubbles/

    I am sure you are aware of the article and the housing bubble we’re in which is driven up by foreign (or rumors of) speculators mainly from China. It had created hardship for everyone in Canada. I seriously urge you to step in NOW and control the foreign money into the housing market and tax them accordingly. It is getting too big now and may take down the country similar to what had happened in Japan, the USA and Europe.

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    Anura Femur Says:
    35

    @Anonymous: “http://www.youtube.com/watch?v=jLoAU3k-GS8″

    what kind of co-op is this?

    i had a coworker from quebec who lived in a coop with some other people in kits. basically, it was a house that had a bunch of mortages on it.

    it sounded like it was basically a scam. a way for them to get cheap housing.

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    patriotz patriotz Says:
    36

    @VanRant:
    From: jim_flaherty@finance.gc.ca
    To: dianne_francis@nationalpost.com

    Just got a letter from someone complaining that foreigners are responsible for Canada’s housing bubble, not my own government’s policies since 2006.

    Keep up the good work.

    Jim

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    fixie guy Says:
    37

    23 Concerned Citizen Says: “every day sales happen, and they’ll keep happening all the way down”

    100% agreement, so what are you trying to say? Consider also that for those overpaying on the way down, there are also those low-balling panic sellers. You can’t draw conclusions about the market from wishes and pixie dust.

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    Turkey Says:
    38

    @N: Bang on. If people want to fish around for anecdotes about unpleasant people who are also Chinese in the hopes of drawing some connection between the two, please do it elsewhere.

    My landlords are also Chinese, perhaps second or third generation. They’re respectful to a fault, prompt with repairs, friendly, and professional. I’ve never before had such a constructive relationship with any landlord — we look out for their interests, and they look out for ours.

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    Mick Murphy Says:
    39

    TORONTO (Dow Jones)–Fears of a housing bubble in Canada are overstated, the head of Canada’s largest bank by assets said Tuesday.

    “We feel pretty good about the housing market,” Royal Bank of Canada (RY) Chief Executive Gordon Nixon said at a Bloomberg Canada Economic Summit in Toronto. “I would love to see the rhetoric come down a little bit,” he said.

    While there may be “pockets” of concern, such as Vancouver’s condominium market, overall “we remain quite comfortable” with the housing and real estate market, he said.

    Canada Mortgage and Housing Corp. said Tuesday there is “no clear evidence” yet of overheating in the country’s condominium markets, even though policymakers – most notably the Finance Minister – have raised concerns about the rapid pace of multi-unit construction projects.

    –By Caroline Van Hasselt, Dow Jones Newswire; 416-306-2023; caroline.vanhasselt@dowjones.com

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    SamanthaD Says:
    40

    What a beautiful day in paradise. I can’t wait to get back to my condo, sit on the balcony, and have a glass of merlot. My life is the epitome of urban chic.

    Best of luck to you renters when you are done your IT jobs, or accounting, or whatever you do, and head back to your hovels.

    Hopeful no uninvited strange men will come into the space you’ve rented but do not own.

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    Best place on meth Says:
    41

    @SamanthaD:

    Oh look, the bitch is back.

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    Looks like credit is being crimped in Vancouver. If anyone has any insight from lenders/brokers on what’s actually going on let us know! I’ve been hearing rumours that applications at credit unions and other nonbank lenders are increasing but I can’t confirm. If true it will be interesting to see if these nonbank lenders fill demand or leave some on the table.

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    @Mick Murphy: “While there may be “pockets” of concern, such as Vancouver’s condominium market”

    Where does Nixon get his data? From the data I see, condo prices are down YOY in real terms. So prices are overheated… now, when the detached market went up 15%? Right-o

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    Anonymous Says:
    44

    @SamanthaD: “What a beautiful day in paradise. I can’t wait to get back to my condo, sit on the balcony, and have a glass of merlot. My life is the epitome of urban chic.”

    I was thinking the same thing about my life! I rent a large waterfront 3 bedroom condo overlooking false creek. It is spectacular. I guess the only difference between you and and I is your condo overlooks an ally, has a closet for a bedroom and you pay more monthly for your mortgage on your shoe box than I do for renting my truly spectacular pad. You also get the pleasure of dealing with a strata, paying Realtor commissions when you want to move and of course paying special assessments, strata fees and property taxes. Have fun!

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    Anonymous Says:
    45

    Hi Sam (aka Cranteeny gal)!

    Good to see you back!

    Like or Dislike: Thumb up 0 Thumb down 0

    Anonymous Says:
    46

    @Mick Murphy:

    “We feel pretty good about the housing market,” Royal Bank of Canada (RY) Chief Executive Gordon Nixon

    I’d feel great about housing too if I had a government backstop protecting me from losses and guaranteeing profits. In fact I’d be encouraging everyone to buy more regardless of the valuations and consequences. Somehow this plan of mine all sounds familiar…

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    @Anonymous: It’s one thing for a bank to feel comfortable with the market, quite another for the borrower. Nixon’s employer is probably well hedged against significant downside. Borrowers from his employer, likely, are not.

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    Patiently Waiting Says:
    48

    @N: There is a long history of ethnic tension caused by landlords all over the world. Often the most greedy, low-skilled newcomers in any place will buy low-end properties and try their hand at being a slumlord. Add failure to relate to local culture and disregard for local laws, and racism often results.

    BTW I’ve had five landlords, and by far worst was a white guy :P The second worst was also a white guy, who I reported to the CRA and probably forced out of the business (I’m proud to say).

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    Anonymous Says:
    49

    Ehh Vancouver, it kinda comes expected…

    http://www.cbc.ca/news/canada/british-columbia/story/2012/05/08/bc-tanning-injection-melanotan.html

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    patriotz patriotz Says:
    50

    @Turkey:
    “My landlords are also Chinese, perhaps second or third generation.”

    You mean they immigrated to China a couple of generations ago?

    Whey did they live before then?

    >/sarcasm<

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    frank Says:
    51

    Some of you guys are being rather dumb about all this. There is no such thing as second or third generation anything.

    Once you are born here you are a Canuck Period!

    Otehrwise half of us are foreigners, secong or third generation something.

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    Turkey Says:
    52

    @patriotz: Ouch!

    Like or Dislike: Thumb up 0 Thumb down 0

    I registered for the upcoming West condo. On 2nd Ave. I didn’t like all the questions they asked online: my name, my number, my address, my email address so I gave them the address of the Harley Davidson dealership on Boundary Road, with the phone number of 604-123-4567 and called myself Heeerres Johhnnee. I thought it had a nice Tonight Show with Johnny Carson meets HAM from, maybe, Bangladesh or something sound to it.

    Long story short. They didn’t get anyone with a brain to input their registration because here’s my acceptance letter addressed to none other than…

    Hi Heeeres,

    Thank you for registering. The Residences at West is Executive Group’s newest development at the heart of South East False Creek.

    By registering today, you can be assured that you have put yourself in the best possible position to purchase a home at WEST prior to the public opening.

    Landmark Location. Iconic Design. Unequalled Value

    WEST is a landmark in location, design and value that will change the face of False Creek forever! A full city block in length, the residential towers and landscaped podiums of WEST will span from Manitoba Street to Columbia Street and set new architectural standards for detail, design and livability.

    WEST has over 100 homes priced from $268,900 to $459,900 – 1 bdrm, 1bdrm + den, 2 bdrm – and will feature the largest retail plaza in the Village neighbourhood – 43,000 square feet of street level shops, restaurants, banking and retail services. WEST will complete Vancouver’s best new neighbourhood and offer prices that may never be seen again!

    Construction of our on-site Sales Centre and 2 Bedroom Display suite are underway with completion expected in May. As we get closer to opening our doors, we will continue to forward additional information such as floor plans and price ranges – all the information you will need to make an informed decision.

    Thank you again for your registration and we look forward to introducing you to The Residences at WEST.

    Sincerely,

    The WEST Sales Team

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    Anonymous Says:
    54

    @mac: “They didn’t get anyone with a brain to input their registration”

    Computers technically don’t have a brains. It is obviously an auto respond which inputs the data you enter. Welcome to the 21st century!

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    Mick Murphy Says:
    55

    @mac: “By registering today, you can be assured that you have put yourself in the best possible position to purchase a home at WEST prior to the public opening.”

    So that’s how all these things sell out on opening day.

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    Anonymous Says:
    56

    I have been teaching for years and I can tell you the obvious: I was never able to detect any ethnic nor gender related trends. I have seen lazy/hard working, polite/rude, good math/poor math skills, etc… in all groups. I am even amazed that even culture and class play such a little role in students attitudes/skills/abilities.

    Like or Dislike: Thumb up 0 Thumb down 0

    jumpin in Says:
    57

    http://business.financialpost.com/2012/05/08/cmhc-considered-selling-mortgage-insurer-as-housing-bubble-fears-grew/

    CMHC considered selling mortgage insurer as housing bubble fears grew

    Like or Dislike: Thumb up 0 Thumb down 0

    jumpin in Says:
    58

    http://business.financialpost.com/2012/05/08/condos-drive-housing-start-surge/

    ‘There’s little question now that Canada’s residential construction sector is heated’

    Like or Dislike: Thumb up 0 Thumb down 0

    Best place on meth Says:
    59

    There is a mass selloff of ultra-expensive homes in the Drummond Drive area of northeast UBC going on right now, it looks like 1/2 of the houses in the neighborhood have gone on the market – most of those in the last 2 weeks.

    These are the 10,000 sq ft houses on an acre in the $12-20 million price range.

    Every single one of them is using a Chinese realtor so are they being sold by Chinese owners or is this an attempt to sell them to Chinese buyers?

    Like or Dislike: Thumb up 0 Thumb down 0

    Best place on meth Says:
    60

    Also, there has finally been a high end sale on the West side (over $5 million), the first in about 6 weeks.

    3737 Angus Drive, only on the market for 31 days.

    Ask: $13.75 million
    Sold: $10.7 million

    Like or Dislike: Thumb up 0 Thumb down 0

    Mick Murphy Says:
    61

    @Best place on meth: Are those leases, or freehold?

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    Best place on meth Says:
    62

    @Mick Murphy:

    Freehold.

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    patriotz patriotz Says:
    63

    @jumpin in:
    Article is BS, as I pointed out earlier.

    http://vancouvercondo.info/2012/05/realtor-landlord-trespass-in-tenant-homes.html/page-1/#comment-153779

    This is part of an effort to convince the public that CMHC and the federal government were somehow bystanders to the bubble rather than its architects.

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    patriotz patriotz Says:
    64

    @Best place on meth:
    “There is a mass selloff of ultra-expensive homes in the Drummond Drive area of northeast UBC”

    It’s near UBC, but it’s always been part of the CoV and the old municipality of Point Grey. City limits run down the ravine.

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    Chabar Says:
    65

    @Best place on meth:

    Getting tired of those ubiquitous Chinese. They are like everywhere. One of them almost hit me on the street with her BMW without even noticing while maintaining that half-stupid-arrogant face expression.

    Like or Dislike: Thumb up 0 Thumb down 0

    @Dabster:

    Yup Chinese Landlord, Chinese Realtor, Chinese buyer…

    Its like a secret society I swear, except they still have to play by the rules like everyone else… its just takes them a tenant or two to come to that realization.

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    avocat du diable Says:
    67

    @chabar,

    Yeah, especially Richmond is a no go zone for regular drivers. I was hit last year by a Chinese driver as he went straight through a red light, and when the police came all he kept repeating was :”green light I go”
    Lucky for me there where other witnesses to confront the liar.

    Like or Dislike: Thumb up 0 Thumb down 0

    Joe_Blown_Away_By_High_Housing_Costs Says:
    68

    @Patiently Waiting (#10)

    The Globe and Mail article about the ghost city phenomenon in Toronto has been edited after publication.

    You quoted this alarming line: “CMHC estimates that roughly 25 per cent of condominiums in the Greater Toronto Area are sold but sitting vacant — shades of Miami at the height of its collapsed condo bubble in 2007. Other analysts say the 25 per cent figure may be too low”

    That line has been deleted from the article. The headline has also changed, now with no mention of “ghost city”.

    I’ve noticed this a lot lately–online corporate newspapers editing articles post-publication. It’s right out of George Orwell’s 1984. The writer must have offended the corporate thought police.

    http://www.theglobeandmail.com/report-on-business/economy/economy-lab/daily-mix/how-condo-boom-threatens-a-ghost-city-phenomenon/article2426038/

    (Although the URL still has the original headline…sloppy Orwellian editors!)

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    paulb. Says:
    69

    New Listings 365
    Price Changes 157
    Sold Listings 183
    TI:17823

    http://www.paulandlauren.ca

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    365! It has a nice ring to it.

    Thanks, Paul!

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    ReadyToPop Says:
    71

    OTTAWA — It’s not often a Crown corporation bangs its drum loudly, appears to question market sentiment and misrepresents the central bank’s monetary policy — all in the same day.

    Canada’s housing agency did just that on Tuesday, issuing an annual report that read like a defence of its business practices, and saying that despite concerns by Jim Flaherty, the Finance Minister, and many others about the real possibility of an overheated housing sector, there was no sign of a market bubble.

    Canada’s housing agency shrugs off ‘bubble’ talk, defends role in debt financing

    Like or Dislike: Thumb up 0 Thumb down 0

    Best place on meth Says:
    72

    @ReadyToPop:

    Yeah, the Americans also kept denying there was a bubble.

    The CMHC should be murdered, dismembered and buried.

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    Yalie Says:
    73

    @ReadyToPop:

    saying that despite concerns by Jim Flaherty, the Finance Minister, and many others about the real possibility of an overheated housing sector, there was no sign of a market bubble.

    The fact that the CMHC has publicly stated that they see “no sign of a market bubble” is 100% proof that they are either completely corrupt or totally incompetent. There is really no other explanation.

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    mak & cheese Says:
    74

    “3737 Angus Drive, only on the market for 31 days.
    Ask: $13.75 million
    Sold: $10.7 million”

    LOL looks like seller was very motivated

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    Anonymous Says:
    75

    …What a beautiful day in paradise. I can’t wait to get back to my condo, sit on the balcony, and have a glass of merlot. My life is the epitome of urban chic….

    Come on now, come clean. We know you really don’t want to go back to that 270 sq ft condo. As the Bare Naked ladies would say, ‘that’d be cruel’. But I must admit, sitting on the balcony, or rather sitting on the toilet with my feet out on the faux balcony, while browsing the internet for tiny furniture and while cooking dinner at the same time, does have it’s appeal.

    Me, I’m going to go out for dinner every night for the next 17 years, for the same cost as the rain screen failure assessment you have pending. But hey; enjoy that wine, you deserve it.

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    frank Says:
    76

    @ReadyToPop:

    A bunch of self-serving pathetic pricks who would rather bankrupt the whole country than admit there was a bubble and they had a hand in causing it.

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    Vansanity Says:
    77

    @Yalie:

    Just playin devil’s advocate but it seems to always come down to the definition. What’s the market? Canadian housing market? Second, is what’s a bubble? They’ve never really defined it. That’s why they always say you see it after its popped.

    We all know what it is… but its the above technicality that allows CMHC et al to say such things and not be held accountable. It’s like the ultimate loophole. They’re good at creating loopholes, I digress.

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    Yalie Says:
    78

    @Vansanity:

    Second, is what’s a bubble? They’ve never really defined it. That’s why they always say you see it after its popped.

    And then there’s my favorite denial tactic: using a different term altogether. Like “it’s a balloon” or “a bicycle tire”. I find those alternative names particularly amusing, not only because of how pathetic it is to watch the pumpers desperately avoid the term “bubble”, but also because they don’t even realize they’ve chosen items that can just as easily pop, and just as explosively.

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    Guy Smiley Guy Smiley Says:
    79

    Re Drummond Drive area sell-off….

    I think there may be a rush to cash in amongst some of the higher priced areas of town. I took my kids to lighthouse park on the weekend – it seemed like every second house along marine drive west of 27th street was for sale.

    MLS view

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    Curious George Says:
    80

    My sister saw a “sold” sign outside our family home today. We lived their for 18 years through the 70′s and 80′s and have so many great memories. I was just curious what it went for.

    6446 Wiltshire Street
    MLS# V928897
    List: 3,399,000

    My wife, daughter, and I went to an open house. Total time warp … everything was just my parents left it back in 88. The carpet, wallpaper, and most of the furniture. Even the shoe polish stains I made on the upstairs carpet trying to perfect my Michael Jackson moon walk back in 1983 lol.

    I read this forum everyday and I think the train wreck has finally happened. I am just waiting for the reporters to show up and spread the news. Thanks to all the posters and the stats … especially Paulb.

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    buffates Says:
    81

    Price Change number seems to be increasing. Interesting to map PC/day.

    Like or Dislike: Thumb up 0 Thumb down 0

    Guy Smiley Guy Smiley Says:
    82

    “it’s a balloon” or “a bicycle tire”.

    Maybe it’s a condom – with more and more holes in it everyday. Big changes are sure to occur soon because of those holes, and when they do it will cost some people alot of money, some people will run away to avoid the responsibility, some involved will mostly just shit their pants and cry.

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    watson Says:
    83

    @ReadyToPop: CMHC is run by developers

    http://www.cmhc-schl.gc.ca/en/corp/about/cogo/cogo_004.cfm

    who are only out to protect their gravy train of free taxpayer funding.

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    southseacompany Says:
    84

    “‘Canadian condo craze’ gets crazier” Globe and Mail, May 8/12

    http://www.theglobeandmail.com/report-on-business/canadian-condo-craze-gets-crazier/article2426997/?utm_medium=Feeds%3A%20RSS%2FAtom&utm_source=Home&utm_content=2426997

    Love these headlines!

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    Anonymous Says:
    85

    @watson: Holy crap!! My jaw dropped when I read the bio’s of the board. Not one of those people should even be allowed to visit the CMHC office…talk about conflict-of-interest. What a joke. The lunatics are running the asylum!

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    southseacompany Says:
    86

    And Ian Watt says:

    “Hey Vancouver Sun, TELUS GARDEN DID NOT SELL OUT !!!”

    http://www.youtube.com/watch?v=n-GaWa6YNbs

    Interesting comment.

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    procrustes Says:
    87

    @watson:
    Don’t worry. According to the CMHC, the board’s performance has to be evaluated and reviewed- by the board.

    http://www.cmhc-schl.gc.ca/en/corp/about/cogo/upload/BofD-Terms-of-reference.pdf

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    jumpin in Says:
    88

    http://www.bloomberg.com/news/2012-05-09/canada-housing-bubble-talk-dismissed.html

    “The head of Canada’s biggest bank and one of the country’s leading developers said the housing market is not in a bubble”

    ““When we look at the overall marketplace, there might be pockets of vulnerability but we remain quite comfortable,” said Gordon Nixon, chief executive officer of Royal Bank of Canada “Frankly, I’d like to see the rhetoric come down a little bit.” :)

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    Anonymous Says:
    90

    @Patiently Waiting: with your renter attitude, who would want to be friend with you anyway.

    Like or Dislike: Thumb up 0 Thumb down 0

    squeako Says:
    91

    Renter attitude??
    LOL, funny b/c that comment was soooo totally tarded.

    Like or Dislike: Thumb up 0 Thumb down 0

    Patiently Waiting Says:
    92

    @squeako: “Renter attitude” is something you get when you sit on the deck with a beer in your hand watching your landlord mow the lawn.

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