Bear vs. Bull in the Battle of Vancouver

Haven’t you always wanted to see housing market data presented as an exciting battle map?

Somewhat more exciting than your average excel sheet, VMD has started a Battle of Vancouver thread over at Vancouverpeak.com where he’s got maps showing the ups and downs of the market for condos and single family homes.

It’s interesting that you really get a sense of things changing on the periphery first.

There’s a stripe of red in the centre where prices are still up year over year. Here’s the map for Single Family Homes:

There’s a similar thing happening in Condo prices, although more areas are Year over Year negative there.  Oh, and for extra excitement on this map there’s TANKS! (each tank represents a single percent point up or down):

Click here to view the full thread on Vancouverpeak.com

..And if you have stuff to share over there, here are a few more invite codes to register for a user account:

p3k0-icze-u2up
yktv-exfc-01ge
2pss-bm1u-2lhp
fpc5-sef1-42bu
vaw6-smid-p49u
30v5-2sfh-6ozj
xukn-ohyt-qkac
k3oq-6jj9-1de2
9mjt-op5r-1vwp
sknv-ook0-sqpj

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patriotz
Member

Ottawa to welcome older immigrants to clear family backlog

Canada will welcome 25,000 parents and grandparents as immigrants next year, despite concerns about the economic impact of targeting older rather than younger immigrants.

Citizenship and Immigration Minister Jason Kenney said the federal government has decided to “bite the bullet” on family reunification in order to reduce a backlog of applications that had grown unmanageable…

Mr. Kenney, speaking in Mississauga, announced that Canada will accept a total of 50,000 family reunification applications over this year and next, about 47 per cent higher than the average for the past two decades, he said.

So much for fixing the immigration system. Got to keep those ethnic voters on side.

Dan in Calgary
Guest
Dan in Calgary

Brilliant graphics. Thanks.

kenny
Guest
kenny

Patrotz: “Got to keep those ethnic voters on side.”

Your vote does not count more just because you crawl out of the boat earlier.

southseacompany
Member
southseacompany

Ben Rabidoux article in the Globe: “Will inflation keep boosting house prices? Don’t bet on it”

http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/will-inflation-keep-boosting-house-prices-dont-bet-on-it/article4792362/

real_professional
Member
After a discussion with a friend of mine about rental income tax fraud – my friend wrote this letter to the Revenue Minister. Let’s see if anything comes out of it. There is a better chance of change happening if people write to their MLAs, MPs, and Local Governments. But most people are too lazy and cynical to try and bring about change: ———- Letter ——– Dear Minister Shea, As a tax payer and a concerned citizen I am perturbed at the amount of tax fraud that is taking place here in Vancouver and I am assuming in other parts of Canada. The fraud I am referring to arises from the non-disclosure of rental income by home owners who utilize their primary residence, often a “single family” home, also as a rental property. On the west coast it has become… Read more »
More Data Please
Guest
More Data Please
From the same story: http://www.theglobeandmail.com/news/national/ottawa-to-welcome-older-immigrants-to-clear-family-backlog/article4954532/ government’s primary goal is to cut the backlog of applications that had pushed wait times beyond eight years in some cases. No new family reunification applications will be processed before 2014 to prevent the backlog from growing. NDP Immigration critic Jinny Sims said she’s concerned by what she called Mr. Kenney’s foreboding language on the future of family reunification. People are very angry. This is a representative comment from the story: Original Six 9:42 PM on November 5, 2012 Uneffing believable. Virtually every comment below echos exactly what I and everyone else was and is thinking – namely that our health care system which is already stretched beyond reasonable limits is going to take a quantum leap with all these geriatric cases being “welcomed” into Canada. Not to mention as some have noted that they… Read more »
prez
Guest
prez

More Data Please Says “Is there a non-partisan organization in Canada that puts pressure on bad immigration policy no matter which party happens to be in power?”

try KKK.

painted turtle
Guest
painted turtle

@patrioz – Globe and Mail articles

The comments are frightening. And these are the Globe and Mail readers…
I moved to Canada because my home country was infected with systemic racism. I moved here for the allegedly sound multiculturalism.
Well… what I see happening here is EXACTLY what happened in my home land 20 years ago.
Next we will see ghettos and ethnic tension rising, and a white supremacist party.
Scary and very disappointing.

Reality Check
Guest
Reality Check

Note: Ottawa is accepting 25,000 APPLICATIONS this year and next under parents and grandparents.

This means potentially up to 100,000 individuals per year if you do the math. And people wonder why Surrey mega home prices haven’t crumbled!

Reality Bull!
Guest
Reality Bull!

@Reality Check: Surrey ‘mega home’ prices haven’t crumbled because no market segment has crumbled.

prez
Guest
prez

Breaking NEWS: COC’s facing broken dreams start scapegoating immigrants!!

More Data Please
Guest
More Data Please

@Reality Check: ” up to 100,000 individuals per year”

Do we know for sure that it works that way? Does one application have multiple spaces or is it 25,000 individuals? If multiple, the story missed some vital information.

M-
Member

CBC News: Rent vs. Buy
http://www.cbc.ca/news/business/story/2012/11/06/rent-versus-buy.html

Contains a little bit of bearish language:
“In large real estate markets like Toronto and Vancouver, the ratio of how much a home costs versus how much income could be charged for renting it out has almost doubled since 1995 — an indication that some sort of correction could be in order, either through rents going higher or prices going lower.”

Spitfires
Guest
Spitfires

The welcoming of older immigrants is simply the Conservative party of Canada’s initiative to crash the public health care system in order to allow for the proliferation of private health care!

This has and always will be one of their main goals.

patriotz
Member

@More Data Please:
Note also there’s the issue of regional impact – almost all of these parents and grandparents, who will be net burdens to the taxpayers, will go to BC and Ontario (not sure about how Quebec fits into this as they process their own immigration) while the government at the same time is shifting skilled immigrants, who will be net payers, to Alberta and Saskatchewan.

prez
Guest
prez

resident COC’s are goose step marching considering foreclosure posting rate.. chill out ppl.. have a beer

Anonymous
Guest
Anonymous

@real_professional: your friends also missed out a part that the gov should also hunt down those on EI and welfare, but instead of outthere looking for works, they do useless stuff like…posting here!

Veni Vidi Vci
Guest
Veni Vidi Vci

Don’t stress out bulls, you’ll always have Guilford condos. Up 12% year over year! That’s more than enough to cover transactions costs, maintenance and taxes. Your plan is working out flawlessly, you shall retire a very wealthy person.

…Unless you got your condo in south Surrey. Yeesh, down 13% in one year, that doesn’t look so good. Hope you like Kraft Dinner!

Anonymous
Guest
Anonymous

@prez: More Data Please Says “Is there a non-partisan organization in Canada that puts pressure on bad immigration policy no matter which party happens to be in power?”

try KKK.

Just talk with patriotz. He can get you a membership card.

DaMann
Member
DaMann
@painted turtle: “The comments are frightening. And these are the Globe and Mail readers… I moved to Canada because my home country was infected with systemic racism. I moved here for the allegedly sound multiculturalism. Well… what I see happening here is EXACTLY what happened in my home land 20 years ago. Next we will see ghettos and ethnic tension rising, and a white supremacist party. Scary and very disappointing.” No offense, and you have lot’s of good comments over time here but this is pure PC garbage. Letting in a bunch of old people who have never paid a cent into the system who will almost immediately be a drain on the healthcare system is asinine! It’s NOT SUSTAINABLE. The healthcare system is deteriorating by the day. Stop the PC crap and look at reality. Canada is NOT a… Read more »
Patiently Waiting
Member
Patiently Waiting
@patriotz: First of all, this isn’t really new as it seems to follow the plan of this press release from a year ago: http://www.cic.gc.ca/english/department/media/releases/2011/2011-11-04.asp “First – The Government of Canada will increase by over 60 percent the number of sponsored parents and grandparents Canada will admit next year, from nearly 15,500 in 2010 to 25,000 in 2012 – the highest level in nearly two decades.” I think the problem is its politically (and legally?) more difficult to get rid of the 165K parent/grandparent backlog than it was for the 280K “skilled workers”. Even the FSW backlog clearance is still before the courts. I assume the government will the case, but sleazy immigration lawyers are all over this. Are the lawyers just squeezing money out of hapless foreigners or do they really believe they have a case? I hope not. The… Read more »
victoria
Member
victoria

This is not racism. Our healthcare system can’t cope.

In Victoria there is not one GP taking new patients.

I don’t care where the people are from. Our country can’t even take care of our own elderly and we are aging by the minute.

Vote Down The Facts
Guest
Vote Down The Facts

@DaMann: “Letting in a bunch of old people who have never paid a cent into the system who will almost immediately be a drain on the healthcare system is asinine!”

In a (pretty weak) attempt to play devil’s advocate you could say that their younger relatives have presumably been paying into the system for some time.

Anonymous
Guest
Anonymous

Let’s get back to the battlefield…

VCI Admin
Admin

If the site is slow for you today or your comment is being held up in moderation it’s because we’re getting flooded with spam comments right now. Its kicked the spam filter into high gear which means it’s holding up some legitimate comments. We’re trying to manually approve where possible but there may be some delays. The alternative is hundreds of garbage comments showing up here (instead of just a few).

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