Hot at the edges

Just in time for the spring buying season the Province newspaper has published a public service announcement about the hottest lower mainland markets.

What do the experts say are the hottest markets in BC?

1. Surrey
2.Maple Ridge / Pitt Meadows
3.Fort St. John
4.Dawson Creek

Surrey seems to do quite well with REIN – they took the number one investment spot in the province last year and also in 2012, 2011, and 2010.

Have you bought your surrey home yet?

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mac
Member
mac

Made 18K in the last 3 weeks. Thank you Balanced Portfolio. I wonder how most people are doing on their condos and townhouses?

hmnhrmmm
Guest
hmnhrmmm

http://www.cbc.ca/news/canada/montreal/jacob-women-s-boutique-to-close-stores-across-canada-1.2633948

More great news for the Canadian economy. Everything’s fine, middle class is doing great.

paulb
Member

New Listings 321
Price Changes 120
Sold Listings 189
TI:16449

http://www.paulboenisch.com

wu ham
Guest
wu ham
123
Guest
123
Melba
Guest
Melba

I would’nt worry.
In Detroit you can’t ski, surf and golf all on the same day.

And more than 30 days of sun a year; who’d want that when you can live in the wettest place on earth above sea level?

Heard Herd selling
Guest
Heard Herd selling

Chinese no ski or surf, some golf, so Detroit a no brainer, also TFW halt will increase price of rubntug. Landlord picks up cheque this past weekend and no rent increases this year. Also gives me a gift card to Earls , and believe or not I think she wants on, I bet ya by end o summer she gives me a hummer 🙂

Best place on meth
Member
Best place on meth

The Chinese can have Detroit, for them it’s still 1000% better than where they come from.

Just make sure to properly cordon the city off from the outside world.

Jon
Guest
Jon

A secret to forecasting Van RE prices.
http://i.cubeupload.com/ljbJBx.png
See if can guess what the red line is?? It took me a while. Black is Van RE.
Hint: ^capital inflows^
btw, I completely disagree with where the dashed lines are shown headed.
I think the “fray” quote is from the movie ‘The Grey’.

Son of Ponzi
Guest
Son of Ponzi

# 71
I would’nt worry.
In Detroit you can’t ski, surf and golf all on the same day.

VanDweller
Member
VanDweller

Detroit is a fascinating social scenario. I don’t think anyone knows what its residences’ future will look exactly like but its housing stock is going at an extreme bargain price.

http://www.buildingdetroit.org/Home

Yes these units require extensive renovations but for some I imagine the yearly property tax is higher than the price of the property.

Very interesting indeed.

keynes ghost
Guest
keynes ghost

“Some reckon it heralds or may itself cause a pronounced shift in the focus of economic policy, toward distributional questions.”

we’re already there, my lad

space889
Member
space889

Robertson and Cristy better hurry up and up their act, cuz Detroit is rolling out the welcome mat to China

http://www.zerohedge.com/news/2014-05-06/will-detroit-be-first-major-chinese-city-united-states

Could there soon be a whoosh sound from Vancouver to Detroit?? Rent in Vancouver, spend $1M buying up 100 houses, hire 10 workers for a property management company and get a green card in 5 year??

No Noise
Guest
No Noise

IT IS the economics book taking the world by storm. “Capital in the Twenty-First Century”, written by the French economist Thomas Piketty, was published in French last year and in English in March of this year. The English version quickly became an unlikely bestseller, and it has prompted a broad and energetic debate on the book’s subject: the outlook for global inequality. Some reckon it heralds or may itself cause a pronounced shift in the focus of economic policy, toward distributional questions. This newspaper has hailed Mr Piketty as “the modern Marx” (Karl, that is). But what’s it all about?

http://www.economist.com/blogs/economist-explains/2014/05/economist-explains

http://www.economist.com/blogs/economist-explains/2014/05/economist-explains

No Noise
Guest
No Noise

Current sole candidate — and former COPE candidate — R.J. Aquino said the party’s former members from both Vision and COPE were unhappy with the political parties.

“It’s just a growing dissatisfaction with how politics is done,” Aquino said. “We feel it could be done in a way that’s more engaging and more accessible and more focused on growing a movement than focusing specifically on politics.”

He said affordable housing in the city has taken a backseat to condominium development, suggesting the issue is creating a divide within Vancouver between low- and high-income residents.

That will be a focus of the party.

“The goal of building a life here is getting further out of our reach,” he said, stressing he wants the city to be a place in which future generations of current residents can afford to live.

http://vancouver.24hrs.ca/2014/05/05/former-cope-candidate-launches-new-vancouver-party

tedeastside
Member
tedeastside

imagine immigrating half way around the world just to be stuck in canada, then seeing pictures of New York and California on TV…

damn thats gotta suck

Son of Ponzi
Guest
Son of Ponzi

# 66
you people keep referring to “official” rents.
I would submit that most rentals to FTWs are cash and under the table.

patriotz
Member

@55: “They are renting, which puts pressure on rents which puts pressure on house prices.”

Somebody has already pointed out the disconnect between rents and house prices, but I don’t think you’re right even about rents.

Five or so TFW’s living in one rental dwelling comprise less rental demand than five Canadian workers earning more and living one or two to a dwelling. Remember the TFW jobs are at the expense of Canadian jobs.

patriotz
Member
@38: “If I am outraged with the TFW program, tell me why I should vote for the NDP or the Liberals.” Well here is a quote from the NDP in an article you linked to from the CBC: NDP Member of Parliament Jinny Sims called the program fundamentally flawed and a far cry from its original design, which sought to bring in highly skilled workers for short term contracts. “Now we’re seeing the program being used and abused to not only hurt very vulnerable temp foreign workers who arrive in this country, but also to suppress wages for those working in Canada, Canadian citizens, permanent residents and arrivals,” said Sims. She said the NDP is not opposed to a temporary foreign worker program that is narrow, highly regulated and well enforced. That is light years from what you are hearing… Read more »
123
Guest
123

Sales in Van west and Richmond
http://blog.sina.com.cn/therealtor

UBC in crisis mode
Guest
UBC in crisis mode

Who has Van West SFH sale numbers for April, 2014, and how it compares to March, 2014? I wonder the effect of cancelling IIP.

Don’t tell me now it is only HAM sells to HAM on Van West, a lot of boomers need to cash out soon.

I noticed on Van West University area, it used to be 5 houses on the market, then 10, 15 and now over 20 (3 million to 20 million), a record.

mac
Member
mac

Does anyone know how much a landlord can increase rent in a single year. I think the RTB states 2.2 is the maximum but that could be a very hefty increase if your rent is above 2 grand.

kabloona
Member
kabloona

#37, #38 George – Trudeau explains his position on the TFW program. Sounds pretty reasonable to me…

http://www.thestar.com/opinion/commentary/2014/05/05/how_to_fix_the_broken_temporary_foreign_worker_program_justin_trudeau.html

Zero Down Forty
Guest
Zero Down Forty

@# 55 Rents have not risen relative to home prices. I would think any bear would know that.

http://housing-analysis.blogspot.ca/2012/08/price-to-rent-ratios-for-vancouver.html

LL
Guest
LL

If anyone is stupid enough to believe there is a labour shortage in Canada just as any student looking to get part time or full time work for the summer. Labour shortage is a bullshit fallacy perpetrated by the CONS in order to justify the TFW program and to continue over immigrate Canada.