Won’t you please help a hungry house salesperson?

Are you aware of the Vancouver Realtor Hunger Index?

Across the city you’ll see used house salespeople who are having trouble making their german auto lease payments – a decline in the glory days of Vancouver real estate affects us all.

That lost commission translates into a deferred payment to a local auto dealer, who might not buy that extra big ad in the local newspaper.  Will that editor buy his ounce of weed this month?  Will that grow op have the money to expand?

These are the big issues to consider.

Please.

If you’re thinking about buying a house or apartment in Vancouver BC or know somebody who is, your commission can make all the difference.

Just jump in and do it. Now is the time.

The Vancouver Realtor Hunger Index for February 2014 stands at 62%.*

And while thats nowhere near the worst that we’ve seen it, it’s a hell of a lot worse that the halcyon days of 2004 where for two solid months every used house salesperson in the city was fed.

You can help.  Buy a house or condo in Vancouver BC and lets keep this economy rolling.

*A big thanks to RFM for the data. 

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Ronny

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would-be buyer

@crikey

My husband works at UBC and talks about all the high-end vehicles with Ns driven by mostly Chinese male students. I thought he exaggerated, but that link is amazing. When I attended UBC over 10 years ago, I don’t remember seeing all those high-end cars. Things have changed on campus, I see.

VHB

Total days 21
Days elapsed so far 4
Weekends / holidays 2
Days missing 0
Days remaining 17
7 Day Moving Average: Sales 113
7 Day Moving Average: Listings 258
SALES
Sales so far 467
Projection for rest of month (using 7day MA) 1928
Projected month end total 2395
NEW LISTINGS
Listings so far 1105
Projection for rest of month (using 7day MA) 4393
Projected month end total 5498
Sell-list so far 42.3%
Projected month-end sell-list 43.6%
MONTHS OF INVENTORY
Inventory as of March 6, 2014 14580
MoI at this sales pace 6.09

Spot estimate of MoI goes over 6.0!! February is normally the best price appreciation month of the year. If MoI stays over 6, prices will not rise.

crikey

Oh, and in other news… a Macleans article that isn’t about real estate, but is relevant to wealth in Vancouver: “What’s behind the University of Beautiful Cars? [UBC]” From the article: “Metro Vancouver has the highest umber of luxury vehicles per capita in North America” It only makes sense that a city where more people can afford to buy overly priced homes is also a place where more people can afford to buy luxury. Not to worry though! The article skillfully avoids statistics… er, I mean “racist talk” of demographic backgrounds when it comes to 18 year olds driving Lamborghinis. Good thing too, or Jesse would have to stop reading Macleans too! (Jesse, come back!!! We miss you!!!) In the meantime, everyone that reads Macleans can rest assured that just as is often harped on about Vancouver homes, 9 out… Read more »

crikey

So where can I adopt a hungry house salesperson? And if I donate monthly, will I receive a form-letter from said house saleperson along with a big shiny photo? Oh, wait a minute. I’m already those letters with salepersons pictures plastered on them, all the time. Maybe if I start donating, can they promise to stop sending me crap? @moses supposes #106 “I believe it’s been sub-100 sales every day this week. Interesting.” Aren’t posted sales numbers really representing activity from two weeks ago? Would make sense. @no noise #113 “sudden massive downvotes on otherwise very popular anti-HAM immigration posts are becoming ever-more common on this blog. 50 Cent Party I would assume.” But I thought that the CIC news was positively received by China people, because it would mean less corrupt money leaving the country? Seems to me more… Read more »

Reality Check

BC just minted a few hundred millionaires with a stroke of a pen tonight.

liquor licenses can now be relocated anywhere in the province. no new liquor licenses will be issued. billion dollar grocery chains now have approval to buy those limited licences.

must be nice to be friends of the liberals. I heard that a license that was worth $400,000 in prince George yesterday is now estimated to be worth $4 Million.

man, corruption pays big time!

Softy

“I believe it’s been sub-100 sales every day this week. Interesting.”

Except for 115 on Monday and 167 on Tuesday. That’s half of the days of the week so far. The only interesting thing is that the above patently false statement got 25 up-votes.

Yunak

Richmond group behind millionaire Chinese lawsuit

All of them on the first plane and straight to China, nothing more nothing less, fcuking bastards.

SS

it’ll be interesting to see how the london real estate markets reacts to sanctions against russia, because a lot of crooked russian money and people end up there.

this may be a predictor for what happens in vancouver when china clashes with the USA.

No Noise

oh BTW, your post #65 was an excellent one

No Noise

@ George 111

Yes – I see sudden massive downvotes on otherwise very popular anti-HAM immigration posts are becoming ever-more common on this blog. 50 Cent Party I would assume. http://en.wikipedia.org/wiki/50_Cent_Party

Aggregator

@Son of Ponz

That Samuel Cheung dude is Donald Cheung.

George

@ Reality Check #61

“why did I all of a sudden get 40 downvotes in a matter of minutes on post #1.

either admin did it or an immigration lawyer has hired a hacker.”

I was thinking the same thing when I saw my post #65 which was popular this morning now has 50 down votes.

Shibor this!

The banners they hung at the IIP protest in the Radisson are interesting: “do not raise citizenship entry test exemption age limit” and “we love Canada we are willing to contribute”

A good contribution would be sell all their houses at pre-IIP prices (1985).

Best place on meth

How dare you not let me into country, I have money!

Who you think you are, I have money! I important high up person!

I apply, we have deal!

You will pay dearly for this, I hire lawyers and sue!

Way to tarnish to image of people from China even further assholes, I’m quite happy to see them hissing and spitting as it exposes the mentality, arrogance and sense of entitlement of these locusts.

In case anyone was still in doubt about what kind of scum we’ve been letting in they now now exactly what they’re about (just watch how China is treating neighboring countries these days).

This is 100 times worse than the hospice incident and the backlash from Canadian people is growing exponentially.

Son of Ponzi

# 101
sarcasm noted.
But Neil Young probably paid in the neighbor hood of 100 mill in income taxes to Uncle Sam over those 40 years.

Son of Ponzi

A revolution is brewing in Richmond.
But his time it’s millionaires storming the barricades.
http://vancouver.24hrs.ca/2014/03/05/richmond-group-behind-millionaire-chinese-lawsuit

mosesupposes

I believe it’s been sub-100 sales every day this week. Interesting.

space889

The maximum amount healthcare insurance you can buy for a visitor to Canada is maybe $250K or at most $500K with most insurance agents telling you to only buy $100K insurance and that you wouldn’t ever use that much. I never understand it since basic travel insurance to US is $1M and usually $10M is recommended I think. But then US do charge $80 for an aspirin pill.

space889

– Didn’t someone say that the IIP applicant can’t borrow the $800K from a Canadian bank??

@Yellow Helicopters – If HAM is not an issue to RE prices then why the f do people get so worked up on HAM and how they are pricing hard working local residents out if it is not a factor to RE price?

paulb

New Listings 223
Price Changes 69
Sold Listings 97
TI:14580

http://www.paulboenisch.com

mls watch

The PGP program is not accepting more than 5000 applications per year.
https://www.canadianimmigration.net/Citizenship-and-immigration-canada-reopens-parent-and-grandparent-pgp-program-chris-alexander-andrew-cash-application-02012014

However there are many people in the backlog (if the government wait long enough to deal with it, some applicants will be dead before they can immigrate…). With a wait time of 8 years for the PGP, if you really want your parents close to you, better choose the super visa and pay for their expanses. I think the PGP should simply be removed.

patriotz

@94: “……in America if an immigrant complains they get laughed out of town”

Well Neil Young’s been at it for over 40 years and he’s still there. 🙂