Lets talk about the weather

Remember this next November when you’re bitching about the grey skies and rain.

Vancouver is wrapping up the sunniest month on record.

The only month on record this city has ever ever EVER had without rain.

It’s a beautiful thing, n’est-ce pa?

Assuming there is no rain on Wednesday, this July will also be first time on record a whole calendar month was completely dry in Vancouver.

Although a few showers have been noted on the North Shore today, none have reached down to the Vancouver International Airport weather station, where the record run is underway.

After that, the next record to shoot for is the longest dry spell. The record of 58 days was set in 1951.

So far this summer the city of rain has had no preciptation for 33 days in a row, Environment Canada confirmed on Tuesday morning, but there is rain in the forecast for the end of the week.

All this sunshine has got to help sales at open houses right?

Read the full article over at the CBC.

 

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Higherrateskillbuying
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Higherrateskillbuying

Good Morning!

US 10yr at 2.68…. Heading to 3 soon.

JH
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JH
The US is revising its GDP figures going all the way back to 1929. So basically they’re saying all the GDP figures for the US since 1929 have been wrong! This smells of voodoo economics, trying to bridge the glaring gap between Wall Street and the real economy. From WSJ blog: “The U.S. economy expanded at a stronger pace in 2012 than previously measured and the great recession was less severe, new data from the Commerce Department shows. The country’s gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a 2.8% pace last year versus a previous estimate of 2.2%, due to periodic revisions released Wednesday by the agency’s Bureau of Economic Analysis. The figures also show the 2007 to 2009 recession was less severe than previously thought, with the economy shrinking at… Read more »
Son of Ponzi
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Son of Ponzi

JH
Just a make work project for useless economists.

Son of Ponzi
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Son of Ponzi

I heard that realtors are bringing portable Air conditioners to open houses in the Downtown condos.

southseacompany
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southseacompany
Nice headline in the Sun; “Over-heated housing market a drag on Canada’s economic standing, report says Real estate prices poised to plunge as much as 25 per cent, economist predicts” http://www.vancouversun.com/business/economy/Over+heated+housing+market+drag+Canada+economic+standing/8727737/story.html#ixzz2adN0WgiG “The (Capital Economics) projection calls for the economy to advance by 1.5 per cent, followed by an even softer 1.0 per cent in 2014, as the country’s over-built housing market moves from soft to crash landing.” “Madani, the global forecasting firm’s chief economist in Canada, says the main reason is the country’s housing market is poised for a correction. “I think people are really under-estimating the risks to the housing market,” said Madani. “Is no one worried about this?”” “Madani says…But what housing gave the economy, it is now poised to take away. “We may disagree on how it will end up, but we can all agree the housing… Read more »
Softy
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Softy

“US 10yr at 2.68…. Heading to 3 soon.”

That is good news for real estate prices in the stupidest place on earth. Buy now before rates go higher. Just sacrifice your kid’s dental care to get into the market.

Vancouver real estate will never fall. Even if global financial companies are collapsing in the worst crisis since the great depression, Vancouver real estate will still go up!

jesse
Member

“US 10yr…”

The US has jerbs. That means, likely, jerbs for Canadians. And more jerbs means real rates will tend to increase. That’s a good thing, right?

shock_minus_control
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shock_minus_control

Madani/Capital Economics has made the same forecast for the past three years and yet the media reports it as news each time.

Softy
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Softy

“The US has jerbs”

Does anyone understand this?

jesse
Member

“Madani/Capital Economics has made the same forecast for the past three years and yet the media reports it as news each time”

Same with CREA economists. What is it again?
“Prices up 4%. Sales up 4%. It’s always a good time to buy or sell real estate.”
Ahhhhhh…..

total_confusion
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total_confusion

@Softy:

It’s probably an obscure reference to this guy:

http://en.wikipedia.org/wiki/List_of_Homestar_Runner_characters#Coach_Z

Although to be accurate, it should be spelled “jorb”.

One Migrant Economy
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One Migrant Economy

http://endoftheamericandream.com/archives/why-are-the-chinese-gobbling-up-real-estate-and-businesses-in-detroit

“Something very strange is happening to Detroit. Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States. But now the city is dying and the Chinese are moving in to pick up the pieces. Lured by news stories that proclaim that you can buy homes in Detroit for as little as one dollar, “

WWW
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WWW
logic
Guest
logic

1 dollar house, how much in city taxes per year?

i guess this might make sense from the LONG point of view, but how LONG?

Son of Ponzi
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Son of Ponzi

The Americans are a proud Nation.
They are not just gonna roll over like the country north of their border.

Best place on meth
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Active Member
Best place on meth

Clouds are moving in.

Could see rain before midnight.

Kujo
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Kujo

Well there goes my plan to move to Detroit to get away from the Chinese. If the Chinese are buying in Detroit, it won’t be long before average price of a home is a million dollars in Detroit.

Time to face reality. There is nowhere in the world to go to escape Chinese speculation/investment. China is the new global hegemon. They’re even building a canal in Nicaragua to compete with the Panama Canal–they’re throwing their weight around in America’s back yard.

Son of Ponzi
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Son of Ponzi

Kujo,
That’s what they said about the Japanese in the 80’s.
My bet is on the American.

Devore
Member
Devore

“All this sunshine has got to help sales at open houses right?”

Well, it might. Or it might not. According to REBGV, we know when weather is bad, people stay hone, don’t go to open houses and make offers. We also know when weather is nice, people are out enjoying it, don’t go to open houses and make offers either.

So it depends on the numbers. If numbers are up, good weather helped, if they are down, it is because of good weather.

Son of Ponzi
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Son of Ponzi

Agree, Devore.
Bad weather, good weather.
RE can only go up in Vancouver.
Just ask a realtor.

Naked Official #9000
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Naked Official #9000

@Softly #9

Loyal Cadre,

you must follow the advice of father Hu and “go deep into the reality” – a loyal cadre must not allow oneself to wallow as a little insect with no sense of irony in a sea of cultural orthodoxy and conformity.

your resistance to assimilating or attempting to understand the culture of the imperialist running dogs is why you don’t understand their humor.

stop being such a gooback.

http://youtu.be/768h3Tz4Qik

RFM
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RFM
SOLD: One (1) unit of five (5) – the seller should hang a sign: “Now 20% sold!!!” In January 2012 a five-unit strata development called ‘Strathcona Gateway’ was completed by a small unknown developer at the southeast corner of Gore Avenue and Union Street in Strathcona in Vancouver East. The five detached townhouses have ‘heritage’ architectural elements with a shared 4-car garage (parking pad for 312 Union) without storage. Floor plans available on various websites show very small rooms but an open kitchen arrangement. I have not toured these properties, but the interior photos appear to show average construction and finishing. The situs is the southeast corner of Gore Avenue and Union Street. Gore Avenue is moderately busy; Union Street is lightly traveled and is a major bike route from the east to downtown; Prior Street is one-half block to… Read more »
Best place on meth
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Active Member
Best place on meth

@Kujo

“China is the new global hegemon. They’re even building a canal in Nicaragua to compete with the Panama Canal”

Sure they are, just like the worlds tallest building they were supposed to have finished last March which still hasn’t broken ground.

The Chinese want to try and impress the world but in reality are full of shit.

Naked Official #9000
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Naked Official #9000

@BPOM #23

loyal cadres will prove who has the biggest!

Melba
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Melba

“Agree, Devore.
Bad weather, good weather.
RE can only go up in Vancouver.
Just ask a realtor.”

Bad weather is the new good weather. The old rules don’t apply: it’s the new climate.

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