Friday Free-for-all! Here comes Autumn.

It’s the end of another work week and you know what that means…

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

World warns of Canada risk
Fed renews zero rate, hints at hike
BC too laid back for China business
HAM a myth?
How locals afford homes
Slackers are Debtors?
FIPA is coming

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

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Westside Realtor
Guest
Westside Realtor

We are experiencing roughly 25% of the normal volume of inbound HAM calls with interested buyers as compared to last year.

We are experiencing roughly 3x’s as many calls from the same related to possibly listing/price expectations, etc.

No surprise to me other than how king it has taken to get here.

JMHO

patriotz
Member

CRA staffing shakeup throws promised tax crackdown into question

A staff shakeup at the Canada Revenue Agency is prompting accusations the Conservatives are backing away from a promised crackdown on international tax evasion.

Surprise!

(repost)

VMD
Member

@patriotz
One wonders if the FIPA that Harper just signed had anything to do with this 😉
“Chinese companies will be able to seek redress against any laws passed by any level of government in Canada which threaten their profits. “

crabman
Guest
crabman
Another interesting “statistic” from Westside Romeo, thanks. After at least 3 years of failing, will this be the one time you guessed right? Romeo Jordan Says: July 11th, 2011 at 12:57 pm 46 Meth Expect a decline for the lower mainland (from April/May peak prices) of 5-7% by year end. —————————————————————— Romeo Jordan Says: August 28th, 2012 at 5:51 pm 57 Chill out mike. A couple of high ticket sales in a very thin market materially distorts the true picture. West Side prices will be 30 percent off peak by December thirty first two thousand and twelve. —————————————————————— Romeo Jordan Says: January 17th, 2013 at 8:28 pm 75 the real estate community has been spinning the stats for six months, hoping things would firm up we are now up against much more difficult comparative year over year price levels, and… Read more »
JR
Guest
JR

Current statistics notwithstanding it is noteworthy that pundit debate has moved from no landing to whether it will be soft or hard. Virtually all Canadian bank economists expect some form of correction whereas not long ago it was – correction, what correction? Calls for a major correction including specific percentages are legion from foreign economists and analysts. Do you think that various and sundry are preparing the more hapless, warning the lustful and cautioning the hopeful?

XOP
Guest
XOP

http://finviz.com/quote.ashx?t=xop

SPDR S&P Oil & Gas Explor & Prodtn ETF
breaking down out of Head and Shoulder confirmation, Alberta RE bitchez.

midnite toker
Member
midnite toker
http://gawker.com/the-secret-to-buying-your-first-home-someone-giving-yo-1636762885 Here’s a good one from the us of a. “2 See all notifications Compose post Account Settings Private view Logout My blogs Probably probable The Secret to Buying Your First Home: Someone Giving You Money 18,397 12 hamilton_nolan Hamilton Nolan ProfileFollow Hamilton Nolan Filed to: real estate trendwatch money matters housing kids these days parenting Today 10:00am Share to Kinja Share to Facebook Share to Twitter Go to permalink The Secret to Buying Your First Home: Someone Giving You Money Although to you the idea of buying a home may seem like a fuzzy, faraway dream, the numbers show that thousands of young people just like you are in fact doing just that. What is their secret? Normal 22-Year-Old Buys $250,000 Apartment Read more THEIR SECRET, REVEALED: Money from parents. We can only pray that the knowledge that a… Read more »
kabloona
Member
kabloona
In case it hasn’t already been posted…. Green Party backs vacant-home tax proposal in Vancouver http://www.theglobeandmail.com/news/british-columbia/green-party-back-vacant-home-tax-proposal-in-vancouver/article20685697/ “Green Party backs vacant-home tax proposal in Vancouver. Frances Bula VANCOUVER — Special to The Globe and Mail Last updated Thursday, Sep. 18 2014, 9:50 PM EDT The idea of a tax on luxury or vacant homes in Vancouver, where affordable housing is becoming the top issue in November’s civic election, has picked up more steam. Days after left-leaning COPE floated a similar fee, the Green Party announced on Thursday such a policy will become part of its campaign platform. I think there’s an appetite in the city to deal with that kind of issue,” said Pete Fry, an aspiring councillor for the Greens. The party hopes to hold the balance of power at city hall for the next four years. Mr. Fry, the… Read more »
girlbear
Guest
girlbear
delinquent speculator
Guest
delinquent speculator

Notice of Tax Sale

http://www.northcowichan.ca/assets/Departments/Finance/Docs/NorthCowichanTaxSaleSep12.pdf

long long list, compared to other years. c’mon folks, pay your property taxes, or lose that precious, ever-inflating, equity withdrawal to vacation in Caribbean every year… house

OtterMode
Guest
OtterMode
Ex-soldier ‘humiliated’ after service dog denied entry to restaurant Berry said the server yelled “across the restaurant” that he couldn’t bring the dog inside. Berry showed the restaurant owner, Hyoung Tae Pae, a certificate indicating Tommy was an assistance dog. He said he was twice asked who was disabled. When Berry said he was the disabled person, Pae gave him a “skeptical and judgmental scoff.” Pae said having a dog in the store would make other customers “nervous and uncomfortable.” Berry was told his group would be moved to a larger booth where he could “see Tommy through the window.” In the restaurant’s version, a server said she approached Berry, who was a “seemingly sighted and able-bodied man with a big dog.” Restaurant owner Pae said Berry showed him a certificate he hadn’t seen before. He described Berry as a… Read more »
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

in a previous post i described how asians like to line up and be in crowds. well, here is further proof.

http://www.cbc.ca/news/canada/british-columbia/iphone-6-rcmp-called-to-control-line-up-at-metro-vancouver-mall-1.2771544

Son of Ponzi
Guest
Son of Ponzi

# 12
now that the line-ups for condo presales are gone, they have to lineup for something to pass the time until they get the passport.

Probability and Statistics
Guest
Probability and Statistics

@#12 Since 40% of Metro Van is Asian, and 50% of the CoV is asian, any photo you take on any street will have the likelihood of having a lot of asians. Except in Kits. Or at the Cloverdale Rodeo.

Son of Ponzi
Guest
Son of Ponzi

#14
I know people in kits and cloverdale are too busy working, than spending time in lineups.

space889
Member
space889

ZeroHedge posted photos of IPhone line up around the world with crowds over 1000 to over 4000 in NY, not a lot of Asians. So I could have replace every instance of Asian with Caucasians in your post and it would be perfectly true.

http://www.vancouversun.com/news/Fisher+Dream+ends+independent+Scotland/10216376/story.html

space889
Member
space889

@delinquent speculator – how about a list for Lower Mainland where most of us live??

magic speculator
Guest
magic speculator

http://mobile.bloomberg.com/news/2014-09-19/silver-lake-said-to-make-4-5-billion-alibaba-ipo-profit.html

the Chinese city recording the steepest RE decline, is like Acracadaba, home to Alibaba

Probability and Statistics
Guest
Probability and Statistics

@# 15

Line up at All-Star Wrestling, Cloverdale Rodeo. All white folk.
https://twitter.com/CloverdaleRodeo/status/450089482444754944

Probability and Statistics
Guest
Probability and Statistics

Line up to register for “West 4th Edition of Tasting Plates” in Kitsilano. All white folk.
http://www.mashedthoughts.com/2013/10/tasting-plates-kitsilano-west-4th.html

gregor ian chant
Guest
gregor ian chant

@tax sale alm cup

i dont believe the BOC or Fed Reserve keeps stats on ‘hedonic altruism’ but i’m sure there is a catogory called ‘hedonic regression’ where they keep VCI malcontents… alm cup at the ready.

tedeastside
Member
tedeastside

vancouvers takin a beating lately,,,the lost Iphone study that showed vancouverites to be the most dishonest thieving people in Canada

then the Tip study that showed vancouverites to be the most stingy cheapskate tippers in Canada

must be a miserable place to live

piper
Guest
piper

http://www.irishtimes.com/business/economy/is-china-s-property-bubble-about-to-burst-1.1921658

Hangzhou, Chongqing, Xian, Wuhan . . . driving through China’s second- and third-tier cities for the past couple of years, it’s been hard not to think about bubbles when you look out the car window and see rows of cranes and hulking ghost buildings dotting the outer limits of these booming conurbations.

One of the biggest films in China this week is called “Temporary Family” and it’s about real estate…

piper
Guest
piper

http://bizmology.hoovers.com/china-property-bubble-ghost-cities

Home Prices Slip as China Faces Consequences of “Ghost Cities”

BIZMOLOGY — ….
“….Unsold inventories are bloated: China’s top 20 cities had more than 23 months of inventory in June. Tier-two city Hangzhou, located in the heart of the Yangtze Delta, had 20 months of inventory.”

but, so what? Hangzhou has BABA BABA BABA!!! oy, oy, oy
ziggy zaggy, ziggy zaggy,
PROST!

VanRant
Member
VanRant

A colleague of mine is planning to move and his landlord begs him to buy the unit as he owns 40 other units around town as he is feeling the heat. He will give him a good deal at a mill and a half! Wonder how many more of those are out there.

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