Flaherty’s ‘other’ mixture.

Finally!

A bit of humour that calls out the absurdity of the ‘tough new mortgage rules’.

This is brilliant, thanks Rick Mercer.

On a side note is the ‘crantini’ joke a common one in housing markets? The only place I’ve seen it is here on dear old VCI when ‘samantha’ refers to drinking crantinis on the patio.

(at least I assume that’s a joke, sorry Sam if it’s not.)

 

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J
Guest
J

Love it, almost like he reads this site.. Fav quotes

“well believe me I know the housing market” Sounds like all the people that bought in the last couple of years

Flaherty’s other mixture “which caused the market to over heat in the first place”

Wonderful!

Anonymous
Guest
Anonymous

Flaherty’s other mixture “which caused the market to over heat in the first place”

Let see if the ‘other mixture’ caused the market to over heat then what happens when you take that mixture away? Pretty simple answer. The sad part is Rick Mercer is the only guy on CBC who gets it. You would think for a few billion a year in tax payer dollars the CBC could do a few stories on what is really happening with housing in Canada.

patriotz
Member

More like Rick Mercer is the only guy on CBC who can get away with it, since he’s a comedian.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
mac
Member
mac

Did I imagine this? Last night on the treadmill I could have sworn Global did a piece on the Chinese real estate market possibly melting down. They covered the ghost cities and ghost condos. Granted, it’s a 4-yr old story by now but it would have been scary for the regular Global TV viewer who is used to seeing only good news on the Chinese real estate investment front.

But then again, maybe I was running too fast and became oxygen deprived.

Aleksey
Guest
Aleksey

I’m tired of RE agents trying to connect on LinkedIn. During last year every week I have requests from people whom I never met. Why would I want to have dozens of RE agents in my connections? I just keep ignoring them, but it seems like they are becoming desperate.

rails
Guest
rails

There is life in this city yet

Ted Talks to be moved to Vancouver from California (likely permanently). HQs are now New York and Vancouver

http://www.theglobeandmail.com/news/british-columbia/vancouver-selected-to-host-ted-talks-starting-in-2014/article8167165/

VMD
Member
Best place on meth
Member
Best place on meth

I guess Vancouver’s real estate cartel is going to be beating this theme to death, since they mentioned it 3 times in their press release.

Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.”

“It appears many home sellers are opting to remove their homes from the market rather than settle for a price they don’t want,” Eugen Klein, REBGV president said.”

“When a home seller isn’t receiving the kind of offers they want, there comes a point when they decide to either lower the price or remove the home from the market. Right now, it seems many home sellers are opting for the latter,” Klein said.”

Go ahead and wait for a better price, suckers.

chilled
Member
chilled

No doubt “crantini” was highjacked from this blog just like the common use of ‘Realturd’ in which I coined about 2009.

Many Franks
Guest
Many Franks

Best place on meth: yup, they’re kicking that horse pretty hard in the Financial Post too. They can say what they like for all I care, as long as the numbers continue to do what they’re doing.

rails
Guest
rails

regardless of that odd thumbs down. TED Talks is a coup for the region. It is also counters the idea that Vancouver is some backwater city with a nice view. The conference attracts alot of thinkers, big names, and sells out, even at thousands of dollars a pop.

We may not be Hong Kong, New York, etc, but Van has shown to be very attractive to the outside world.

N
Guest
N

@ BPOM

It seems like they are encouraging people to take their houses off the market, but I have to wonder why. I would have thought that encouraging them to drop their prices would mean more money in the realtor’s pockets.

Best place on meth
Member
Best place on meth

Whistler condo prices fell 13.5% last month.

That was a good investment, wasn’t it?

Best place on meth
Member
Best place on meth

By the way, our resident smug douchette Samantha B spells it “cranteeny”.

Ahh…she brings us so much laughter.

Best place on meth
Member
Best place on meth

@N

Realtors don’t want falling prices because it will convince even more people not to buy so maybe they’re trying to encourage a sellers strike in an attempt to avert even more long term pain.

This strategy is akin to playing Russian Roulette with bullets in 5 chambers.

RFM
Guest
RFM

The Vancouver Realtor Hunger Index for January 2013 was 80.

Details and historical data at: http://vancouverpeak.com/Thread-Vancouver-Realtor-Hunger-Index

Chabar
Guest
Chabar

There must be good schools, safety and healthy lifestyle what these Chinese were after when they came to Canada and brought their businesses along with them.

http://www.theprovince.com/alleged+Asian+crime+boss+escaped+Vancouver/7915274/story.html

Yalie
Guest
Yalie
“We may not be Hong Kong, New York, etc, but Van has shown to be very attractive to the outside world.” Really? Read the article again: The move to Vancouver has come after lengthy negotiations with a consortium made up of the federal Canadian Tourism Commission, the provincially run Vancouver Convention Centre, and Tourism Vancouver. In other words, the only reason they’re here is because of sponsorship by the various levels of government. It’s really starting to bother me that the government has been paying big dollars to attract these things to Vancouver – the Olympics, the Bollywood awards, the film industry, and now this. It’s pathetic, and it shows exactly why this is not the “world class city” that so many people here are so obsessed with. Los Angeles doesn’t need to lobby or pay the Academy to host… Read more »
Anonymous
Guest
Anonymous

N: “It seems like they are encouraging people to take their houses off the market, but I have to wonder why. I would have thought that encouraging them to drop their prices would mean more money in the realtor’s pockets.”

Realtors in aggregate make money from more buyers not from more listings. What they are trying to do is encourage more buyers to buy now and not wait for prices to come down. Individual realtors who list properties would definitely be encouraging sellers to drop their price but it doesn’t make sense for the cartel to make that public because it would send a message to buyers prices will continue to come down. This would result in less buyers which is what they don’t want. Unfortunately for them that is what we are seeing across BC.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

where’s the crash?

Troll
Guest
Troll

RE: REBGV News Release. Fair coverage of the low sales numbers and lower HPI, even quoting prices from peak.

Not sure what the strategy is around framing the normal, as in happens every year, drop in listings through the fall and to Jan. 1st as a result of sellers not wanting to budge on prices. The fact is that we see this behaviour in both falling and rising markets. The cynic in me says that the REBGV and FVREB are trying to pull some more buyers out of the woodwork by scaring them into thinking that sellers won’t budge on price and if you don’t act now on your dream home the seller just might pull it off the market!

Anonymous
Guest
Anonymous

“When a home seller isn’t receiving the kind of offers they want, there comes a point when they decide to either lower the price or remove the home from the market. Right now, it seems many home sellers are opting for the latter,” Klein said.”

But aren’t we at near record inventory?

Anonymous
Guest
Anonymous

Troll: “The cynic in me says that the REBGV and FVREB are trying to pull some more buyers out of the woodwork by scaring them into thinking that sellers won’t budge on price and if you don’t act now on your dream home the seller just might pull it off the market!”

Sales 101. There is a limited time, you must act now.

Anonymous
Guest
Anonymous

“But aren’t we at near record inventory?”

Yes but due to a lack of buyers not a flood of listing. The flood of listings is still to come.

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