Less than a hundred reasons RE is collapsing

There are 3 sales day left in September 2012.

That’s 3 more chances to have a day when we see sales over 100.

Do you know how many days we’ve seen sales go over 100 so far this month?

ONE.

There has only been one day this month where sales went over 100.

Here’s the last couple of Septembers for historical comparison:

2010: 11 days with triple digit sales

2011: 14 days with triple digit sales

2012: 1 day of triple digit sales (max possible 4)

Thanks to VHB for the stats and PaulB for the numbers.

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Common Air Combustion Rights?
Guest
Common Air Combustion Rights?

@Anonymous: re: “Where can I get … that?”

I posted some information elsewhere that answers your question:

(2) Vaporize your tobacco/pot/etc instead of burning it:

http://electroniccigarettecanada.com/

http://www.vapeworld.com/tobacco-vaporizer-is-better

http://blog.cannajobs.com/vape-pen

These are just reference and aren’t meant to be any particular recommendation. I don’t use any of these products myself so there might be better sources or even local sources for you. Nevertheless, you can see from those links what vaporizer products are available and what they look like.

Anonymous
Guest
Anonymous

sorry if this is double posted. I tried once, but it didn’t seem to show up.

I drove down Granville from Broadway to Marine Drive last night for the first time in years. The number of houses for sale on Granville is staggering! Personally, I’m not sure why anyone would want to live along a highway (maybe to allow common folks witness your opulence?) but I have a felling they’re all heading for the exits at once. Good luck with that.

Anonymous
Guest
Anonymous

@Rental Rate of Change?: ” Pot can be safely vaporized for the active ingredients without generating carcinogenic particulates.”

Where can I get some of that?

Meh
Guest
Meh

“Also, regarding medical pot (or possibly legalized pot in future): Pot can be safely vaporized for the active ingredients without generating carcinogenic particulates.”

Absolutely, nobody should be smoking pot by joint or pipe when vaporizers are common and affordable. I use a (cheap) vaporizer now and my wife, who doesn’t use marijuana, no longer smells it in our apartment.

Rental Rate of Change?
Guest
Rental Rate of Change?

@Joe Manhas: “…plung…” is right!

Hey Manhas, I’m interested if you can sell me some credible equity insurance.

You know what I mean right?

If/when my recently purchased house price drops off a cliff, is there some sort of reilable and inexpensive insurance that will pay every dollar my mortgage is underwater back into my mortgage account?

Let me know and I’m there!

Rental Rate of Change?
Guest
Rental Rate of Change?
@Vote Down The Facts: re: Unhealthy multi-unit particulate, sewage, noise emissions. I wonder if framed a different way, opinions might be unequivocal about in suite smoking (aka common air combustion). Does being within your own suite automatically confer the right of particulate generating combustion using the common air supplied within the complex? The story also missed some smoking alternatives I can think of too. Those that smoke by combustion could switch to electronic cigarettes or use a certified particulate capture and sequestration apparatus (similar to a laboratory fume hood). BTW, cooking cannot be classified as combustion. I’ve heard this argument a few times… AND, BBQ’s and even propane tanks are not actually allowed by Fire Code. I looked into propane powered backup power generators and the propane tanks are not allowed by Fire Code. Also, regarding medical pot (or possibly… Read more »
Joe Manhas
Guest

They say buy low sell high.. might be time to take the plung..buy now.. http://bchomez.com

Anonymous
Guest
Anonymous

@vangrl: “how can a smoker stay in a place that he can’t smoke in? and omg can i ever see a bunch of strata councils jumping all over this. I’m not a smoker, but this seems a bit unfair to me, the smokers should be grandfathered or something”

Yes I think other stratas are going to be all over this. The thing is if someone’s smoking in their unit and it is not bothering anyone else who will know? Smoking pot is illegal and not allowed in stratas but does that stop people from smoking pot? Nope, they just have to be a little more careful.

Anonymous
Guest
Anonymous

@Vote Down The Facts: “Personally I’m bothered more by dogs yapping 24/7 and owners not cleaning up after their pets after they’ve soiled the common areas. Those owners are probably the same people who complain about ‘selfish smokers’.”

The thing with smoking is it doesn’t bother you until it does. I find the biggest problem is not people smoking in their suites but on the balconies. It can blow directly into a neighboring window. The big difference between second hand smoke and dogs is one causes cancer and the other doesn’t. Them’s the facts.

UnagiDon
Guest
UnagiDon
Vote Down The Facts
Guest
Vote Down The Facts

@vangrl:

When the subject was approached in my building’s AGM even the non-smokers said they didn’t believe they had the right to control the perfectly legal activities of other residents, and the proposed ban was defeated by a significant margin.

Personally I’m bothered more by dogs yapping 24/7 and owners not cleaning up after their pets after they’ve soiled the common areas. Those owners are probably the same people who complain about ‘selfish smokers’.

vangrl
Member
vangrl

“Ironic that this topic is about 100 sales and now we will probably have 100 plus days going forward.”

we totally jinxed it

vangrl
Member
vangrl

http://www.globaltvbc.com/condo+building+in+vancouver+bans+smoking+inside/6442722988/story.html

so if say 10% of the building smokes does that mean that 24 units might possibly come up for sale? how can a smoker stay in a place that he can’t smoke in?

and omg can i ever see a bunch of strata councils jumping all over this.

I’m not a smoker, but this seems a bit unfair to me, the smokers should be grandfathered or something

Dog
Guest
Dog

Ironic that this topic is about 100 sales and now we will probably have 100 plus days going forward.

Van Coffee
Guest
Van Coffee

@Mike in Seattle:
I am guessing you work at “CC” – when are you planning to move back? It’s been a while, no? And surely the wife wants to move home as well?

Regards,
VC (that’s as in Van Coffee and doesn’t mean anything else…:)…)

Groundhog
Guest
Groundhog

@Rental Rate of Change?

I cannot answer the bulk of your questions but I think these are a completely separate issue then what dog was talking about. You’re looking at the availability and use of credit to finance stocks/housing. An increase in credit will have the same impact as printing money. The resulting inflation will appear wherever the credit was most prevalent, whether it be in stocks or housing. It is not to be mistaken for money “flowing” from one place to the other though. The difference between credit inflation and money printing is that there are credit cycles of increases and decreases, whereas once money is printed it is typically in the economy permanently.

Rental Rate of Change?
Guest
Rental Rate of Change?
@Groundhog: Money “Flow” There are some interesting macro-economic and sociological questions here. While instantaneous redemptions into cash within trading accounts are generally meaningless for “flow”, it would be interesting to see some analysis on: (1) What is the open interest dollar value in all trading accounts (both equities/bonds and derivatives)? (1.a) What is the open interest dollar value within insured cash bank deposit accounts at banks and insurance companies? (1.b) What are these numbers relative to the entire money supply in historical terms? (2) What percentage of people do not use equity leverage when it is appropriate? EG: have no trading account or have only non-margin trading account capable of long only stocks/bonds/funds etc. Still more interesting: (2.a) What percentage of those have a mortgage? (2.b) What percentage of those are holding short derivative ETF’s in their long only account?… Read more »
Yellow Helicopter
Guest
Yellow Helicopter

Re Romeo Jordan- #52-
Admins, surely this is enough of an intelligent and respectful forum to recognize that invitations to suck on this degenerate’s appendage should result in him being banned?
Thank you for this site. I learn from it daily and am grateful for it. I’d like to see its integrity remain.

Dog
Guest
Dog

Even if stock markets plummet there will be tons of cash for real estate as retail investors have sat in cash on the sidelines.

Therefore stocks down and real estate up.

No Noise
Guest
No Noise

My huzzbah buy tree!

Can anyone confirm the rumour I heard? – Toronto SFH down 70% yoy for August

Dog
Guest
Dog

Cash trying to find a home. Will I buy stocks or a house. When I buy the house the seller who has zero equity will clear his mortgage :p

Romeo Jordan
Guest
Romeo Jordan

I know a few folks who are out (or shortly will be) bargain hunting now. Looking for about 20% below peak prices and making stink bids. Eventually these will turn into sales.

Nortel did not bottom after the first twenty percent came off the top.

Never forget that.

Julliet, sulk my cak.

jesse
Member

@VHB: paulb.’s numbers come in a bit higher than REBGV reported. I agree it’s going to be a race to the wire but it looks like we’ll need to average about 100 sales for both remaining days.

Keeping An Eye On The Pimps
Guest
Keeping An Eye On The Pimps

The Real Estate pimps predict higher sales in 2013,maybe Cameron Muir is right, but I doubt it.

I’m not alone:

Canadian Housing Bubble’s Burst Could Mean Unemployment Spike

http://www.huffingtonpost.ca/2012/09/26/canadian-housing-bubble-unemployment_n_1916681.html?utm_hp_ref=canada-business

Couple interesting link, including :
“House sales in Toronto experienced a 70-per-cent collapse in August, the trade industry group BILD reports.”

VHB
Member
VHB
Total days	19
Days elapsed so far	17
Weekends / holidays	9
Days missing	0
Days remaining	2
7 Calendar Day Moving Average: Sales	90
7 Calendar Day Moving Average: Listings	241
SALES	
Sales so far	1413
Projection for rest of month (using 7day MA)	180
Projected month end total	1593
NEW LISTINGS	
Listings so far	4818
Projection for rest of month (using 7day MA)	483
Projected month end total	5301
Sell-list so far	29.3%
Projected month-end sell-list	30.0%
MONTHS OF INVENTORY	
Inventory as of September 26, 2012	19487
Current MoI at this sales pace	12.24

this is going to be a race to the wire with 2008’s 1585 sales!!