FFFA! Special AAAAaaaarrrg!!! edition.

Well, we’re back.

One at a time please, take turns using the site it’s fragile.

Normally on friday we do an end of the week news round up and open topic thread for the weekend. That’s what this is, but we may or may not add our regular list links here later on.

For now carry on the conversation, we hope the site is working better for everyone.

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VanRant
Guest
VanRant

Welcome back. We miss ya.

Ford Prefect
Guest
Ford Prefect

I second #1. You, along with several other blogs that it is not necessary to name, are a lifeline to sanity in the mad world of real estate. Where I am based, in the Comox Valley, it is impossible to find any direct information that is anything more than spin. Anything I do find I have to discover by laborious search and inference.

UBC in crisis mode
Guest
UBC in crisis mode

Detached average for Feb., 2013 is up, mainly due to 3 big sale:

11, 14 and 18 millions:

http://www.yattermatters.com/2013/03/average-price-snake-bite/

chilled
Member
chilled

I missed you guys and initially thought I was the cause. Recent stats have gotten me so excited I repeatedly “stained” my keyboard and I thought I shorted something out.

Anonymous
Guest
Anonymous

When will see hpi stats for Feb?

Vote Down The Facts
Guest
Vote Down The Facts

VCI goes down the same day that the other “Pope” retires…

/dev/null
Member
/dev/null

Nice to have you back, Pope. The tune-up seemed to work. Site is much more responsive now!

real_professional
Member
A challenge to all VCI-ers, Garth Blog Dogs, VREAA-ites, and Whispers on the edge of the rain forest!!! You have two choices, file a complaint against CMHC this weekend, or don’t whine about the them in the future. See below: I filed a complaint with the Competition Bureau of Canada yesterday against the CMHC. This can be done easily online http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/home I encourage you all to do so: I listed Karen Kinsley, CEO of CMHC as the person I was filing a complaint against. My letter: To the relevant individuals in your organization, A home sale in Canada is effectively a business transaction in which each home seller and each home buyer strive for a fair competitive price. Tampering of such systems should fall under your jurisdiction and should be enforceable by your agency. A reminder: The Competition Act is… Read more »
jerkasaurus
Guest
jerkasaurus

VDTF: Great! More time to work on this site without the day job 😀

real_professional
Member

Pour la révolution

logic
Guest
logic

why do we only have 2 choices?

don’t tell me what to do.

Vote Down The Facts
Guest
Vote Down The Facts

real_professional, did you read the CMHC’s response to said accusations first?

http://www.cmhc.ca/en/corp/nero/2013-02-27.cfm?WT.mc_id=TWT2013_55

jerkasaurus
Guest
jerkasaurus

Logic: You of course have more than two choices. You can do nothing and then whine about it later, I’m sure everybody will respect your right to make that choice. You’re a rebel!

mclovin
Member
mclovin

Larry’s stats put another way:

2 yr return Feb 11-Feb 13

Attached + 4.0%
Detached -4.2%
Apartments -4.2%

Not sure how this can possibly be spun as positive. The attached have been affected greatly by 3 large sales over 10 mil. In reality they are negative as well. The detached and apts are more telling of the true state of the market.

Lets review… Emergency interest rates at 1.0% and your investment has dropped -2.1% per year.

Ooops…

Bag it and tag it
Guest
Bag it and tag it

Only 70 sales yesterday. Can’t wait to see VHB’s monthly summary for Feb. I’m guessing about 1750 sales. Smelly stuff.

asun
Member
asun

As we are in RRSP season, I have one question that has always bugged me. Why is the RRSP withdrawal taxed as income (higher tax rate) when ideally most of the money in RRSP is from capital gain (lower tax rate)?

patriotz
Member

“Why is the RRSP withdrawal taxed as income (higher tax rate) when ideally most of the money in RRSP is from capital gain (lower tax rate)?”

Because the contribution was deducted from your income at 100%.

As long as the tax rate at withdrawl time does not exceed that at contribution time, you’re always ahead putting an investment in an RRSP rather than in a cash account. Unless it loses money (capital loss).

Moving to the states
Guest
Moving to the states
Sooo pissed today. Got a notice last week. My landlord is kicking us out to “move back in”. I suspected that he want to relist the place at a higher price. Are tenant protected from event like this? He did offer 2 month notices with the last month free. But what really pissed me off is this agent Guy Johanson from goldteam. I saw a listing on Craigslist and emailed him for an appointment. From the emails exchange, I noticed he isn’t what you would call sharp, so I called him. It went to a voice mail. I emailed him again to ask for a cell number. He said he only have a office # and email. What person on earth doesn’t have a cell phone nowadays??! Then shit happened, there I am at the address, he didn’t show up… Read more »
RFM
Guest
RFM

I have seen so many awful photographs in listings lately that I was ‘forced’ to create A PHOTO PRIMER FOR REALTORS.

Please check it out.

http://vancouverpeak.com/Thread-A-Photo-Primer-for-Realtors

Vote Down The Facts
Guest
Vote Down The Facts

“As we are in RRSP season,”

There’s no such thing. “RRSP season” is a marketing term set up by banks that want to sell you expensive mutual funds.

Vote Down The Facts
Guest
Vote Down The Facts

“As long as the tax rate at withdrawl time does not exceed that at contribution time, you’re always ahead putting an investment in an RRSP rather than in a cash account. ”

I don’t think this is true, for reasons Garth gave yesterday or the day before (perhaps in the comments section). Investments that are likely to generate capital gains are better off in non-registered accounts. All RRSP withdrawals are taxed as income. Capital gains withdrawn from a non-registered account would get preferential tax treatment, usually capped at 50% of your marginal rate. He recommends holding only interest-bearing investments in an RRSP, and I think he’s correct.

Groundhog
Guest
Groundhog
@VDTF “I don’t think this is true, for reasons Garth gave yesterday or the day before (perhaps in the comments section). Investments that are likely to generate capital gains are better off in non-registered accounts. All RRSP withdrawals are taxed as income. Capital gains withdrawn from a non-registered account would get preferential tax treatment, usually capped at 50% of your marginal rate. He recommends holding only interest-bearing investments in an RRSP, and I think he’s correct.” This is because you only have a limited amount of room. Assuming you are ONLY buying dividend paying stocks and nothing else and you have the choice to put it in an RRSP or non-RRSP, it is better to put into the RRSP. Patriotz is right…And even if the tax rate is slightly higher on withdrawal, if you’re money was in in the registered… Read more »
Anonymous
Guest
Anonymous

10 year mortgage rate can be had for 3.49%.

At a rate this low, what would the correction/crash have to be percentage wise for buying to make sense right now? Assume rates go to 6% in a few years.

People who bought 8 years ago are laughing all the way. WOW! what an advantage!!

paulb
Member

New Listings 241
Price Changes 86
Sold Listings 72
TI:15466

http://www.paulboenisch.com

Yesterdays # are up in the forum.

Anonymous
Guest
Anonymous
…..Sooo pissed today. Got a notice last week. My landlord is kicking us out to “move back in”. I suspected that he want to relist the place at a higher price. Are tenant protected from event like this?.. He can’t kick you because he’s selling the place but the next owner can kick you out if they’re moving in. In addition, if the current owner say’s he’s moving in, then sells, good luck trying to convince someone that he never intended to move in. I went through something similar where the landlord tried to evict me because he wanted to sell. I let him know that I knew he couldn’t evict. He was most agreeable and paid handsomely for the privileged of having me leave ‘early’ (still a PITA though). Based on how much he made on the house over… Read more »
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