Happy New Year!

As 2014 draws to a close and we move into 2015 here’s hoping your future is a bright one.

Some of you will buy property this year, some of you will sell, some will rent and others will move away.  Whatever 2015 holds for you it’s always good to keep some perspective.

Whether 2015 sees rising or dropping house prices in Vancouver we hope both sides of the debate will treat each other with a reasonable amount of respect – we’re all just trying to get by the best we can.

Happy New Year and here’s to an excellent 2015 for all of you!

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Westside Realtor
Guest
Westside Realtor
Great blog post – likewise, beat wishes to all in 2015 and beyond! I’ll rent until it’s cheaper to buy than rent. The same approach I would have taken in the US, or Ireland, or Spain or Alberta. The chickens always come home to roost. No matter how many times the general public needs to relearn that lesson, the mother nature of economics is always happy to oblige. 100 cities on the China real estate index. Of these 100 cities, 100 of them have fallen in price in ea h of the past seven months, despite no new land being built. I have to imagine that at least ONE of these 100 cities is hemmed in by mountains or ocean or both…didn’t stop it from declining in price. And it won’t stop it from doing the same here.6 years into… Read more »
2015
Guest
2015

Took one post to mention HAM, let’s chat about the weather for once. Happy New Year ya’ll!

West Coast Woman
Guest
West Coast Woman

Maybe the HAM will continue to arrive thanks to Quebec:

http://www.scmp.com/comment/blogs/article/1671607/blame-quebec-why-halting-immigrant-investor-programme-cant-halt-flow

Perhaps Vancouver residents should blame Quebec for high prices here!

Oracle
Guest
Oracle

I’m back. And WSR continues to spew BS.

Let me give you one fact. Here in Toronto, there is a 6 month wait to get a new Range Rover.

Think about that.

World is awash in money as the lower 80% get in debt. In today’s world, debt creates wealth for others.

chilled
Member
chilled

Oracle Says:
December 31st, 2014 at 7:36 am 4

I’m back. And WSR continues to spew BS.

Let me give you one fact. Here in Toronto, there is a 6 month wait to get a new Range Rover.

Think about that.

World is awash in money as the lower 80% get in debt. In today’s world, debt creates wealth for others.

++++++++++++++++++++

Just think what the wait will be when a Rover has to be armor plated and fitted with bullet proof glass once those pesky 80% come after the likes of you!

CrashComing
Guest
CrashComing

West Coast Woman, thanks for the link. Hopefully we see some significant changes to that fucking Quebec open door.

HAM flow has slowed, but that iip will keep some of the parasites coming.

Hopefully the cra change on wire transfers starting on Friday puts another nail in the coffin.

I looked at leasing a range rover here a few months ago Oracle, there was no wait at all to get product. Six months wait in Toronto eh? Guess the dealerships are just empty parking lots/showrooms now….i think you post a lot of bullshit my friend.

You are the Oracle of Crap.

space889
Guest
space889

@VMD – Of the two postings you posted, the Dunbar one is probably a really old tear down waiting to be redeveloped.

The Granville one can’t say without the pictures but I doubt it would be in much better shape. As well at $2800/month, that’s more than 65% of the average family’s take home pay which is not cheap relative to income as I previously said.

As another poster said, if you rented 8 or 10 years it is cheaper, but for new entrants it is horrible. Renting only looks ok when you compared to buying.

patriotz
Member

“As well at $2800/month, that’s more than 65% of the average family’s take home pay which is not cheap relative to income as I previously said.”

The average family does not live in Shaughnessy.

“Renting only looks ok when you compared to buying.”

Well duh, those are your only two choices for shelter, unless you want to live in your car. Or with your parents, if that’s available.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

>The average family does not live in Shaughnessy.

$2,800 for a family of 4 will put in you Mount Pleasant, not Shaughnessy.

Oracle
Guest
Oracle

To my downvoters: you will never get it.

In Oakville, Ontario, homes in the $2Million dollar range are selling like crazy. But feel free to downvote.

Oh, no HAM here. Just affluent white folks.

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Guest
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The christian new year isn’t really celebrated in Vancouver any more. Lunar new year is when the real celebrations take place.

@#3
Guest
@#3

@#3, “When God closes one door, he opens another.”

ECB’s chief economist says that deflation is coming in the new year. But then Japan has been surviving deflation and zero interest rates for over two decades, and all is well. One that matters is there is no disruptive WW and all the financial jews are happy.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

At least 35 dead and 42 injured in Shanghai New Year’s Eve stampede as thousands pack onto the Bund to watch light show

look at the mass of people in those pictures. see them pressing against the police line trying to push past them to get into the hospital.

the mass of chinese wanting to come to vancouver is just as real as those pictures.

go to number 3 road in richmond. you’ll see long established english business that have been around for 50 years are now putting up chinese signs. you can see sinophication happening right in front of your eyes.

http://www.dailymail.co.uk/news/article-2892994/Shanghai-New-Year-s-Eve-stampede-kills-35-thousands-packed-Bund-watch-light-25-minutes-midnight.html

Sadness.
Guest
Sadness.

Re # 13. Nothing like using the tragedy of 35 dead and 42 injured to make a derogatory comment. This must be a new low for this blog. Hard to believe that a human being would sit down and write comments like that after seeing that news item. Must be the result of a sick mind in need of help. Sad.

As for me, my heart goes out to the families.

Happy New year for the rest of us. Shame on a few.

southseacompany
Member
southseacompany
“Why the predictor of the U.S. collapse hates Canada’s housing market”, Globe & Mail. http://www.theglobeandmail.com/report-on-business/rob-commentary/rob-insight/why-the-predictor-of-the-us-collapse-hates-canadas-housing-market/article22261127/%3bjsessionid=0dQTJkRDb2dLL31v7Dd8Dzp1sbfCT0ph0wBsvlScnRVnX4BFSffk!-2114182450/?ts=141231191114&ord=1 “Robert Shiller, the celebrated economist who warned about the dangers of the U.S. housing bubble three years before it collapsed, regards housing as a lousy investment, particularly in Canada. His pessimism stems less from the frothy residential prices in markets such as Toronto and Vancouver than from a northern spin on his extensive research into U.S. home prices and investment returns going back more than a century.” “As for whether we’re facing the rising risk of a bursting housing bubble, which has sparked heated debate among house watchers inside and outside Canada, Prof. Shiller acknowledges the differences between the U.S. boom that blew up in 2007-08 and the Canadian situation, with its healthier banks and mortgage market.” “But he has warned that high household debt… Read more »
paulb
Member
Trusted Member

Happy New Year VCI. Wishing all you bears and bulls a healthy and happy 2015!

New Listings 19
Price Changes 24
Sold Listings 47
TI:11242

http://www.paulboenisch.com

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

@Sadness

get over yourself. your false self-riotousness is a bore.

for many china is an overcrowded hell hole and if these people can get out they will. that’s not derogatory that’s a fact.

i suggest everyone look at the images in the stampede article and understand the visceral motivation behind the escape from china phenomenon.

also, another interesting article from a while ago:

China traffic jam stretches ‘nine days, 100km’

http://www.bbc.com/news/world-asia-pacific-11062708

UBC in Crisis Mode
Guest
UBC in Crisis Mode

Happy New Year, everyone!

Here is your house’s new assessed value, and your neighbor’s last year’s sale price:

http://evaluebc.bcassessment.ca/

There is about 8-10% increase in Van West.

YLTNboomerang
Member

New shout on global was sickening, the latest pump for RE is global warming is going to drive folks up from California. They had some wilderness guy on saying, shhh we don’t want the secret getting out that it is the best place on earth. Te next story was about no fun Vancouver and how in all the “global” cities there is a big New Years celebration but in no fun van there is nothing; ha!

|Boombust
Guest
|Boombust

Well, I guess those “folks” from California would have to pass muster before we let ’em in, wouldn’t they?

|Boombust
Guest
|Boombust

That is, if they have even HEARD of BC, let alone Canada.

Having it pounded into their heads for eons that they are the hippest people in the hippest place on earth, it won’t be easy.

tedeastside
Member
tedeastside

having lived in California….its a joke to think anybody from California would ever move to vancouver…

for all the ‘best place on earth’ chest thumping vancouvers local media does
99% of Americans have never heard of vancouver BC

why would they have any interest in a boring, cold rainy, place with no attractions, no action, no industry and pitiful job opportunity

|Boombust
Guest
|Boombust

Ooooh!

You must be from OAKLAND? South Central LA? Hmm…Stockton? Beautiful Modesto? Fresno? Visalia? Palmdale? Delightful Devore?

All such “beauty spots” to be sure. Lucky YOU!

|Boombust
Guest
|Boombust

…let’s not forget charming Torrance, “liveable” Long Beach (with it’s oil derricks pumping 24/7) and, of course, pretty Paramount and beautiful Bellflower!

We’re all so envious!

Westside Realtor
Guest
Westside Realtor

The numbers are bullshit and do not fool anyone with half a brain (about 10% of us, about 90% of us on this blog) .

Tear down A house abandoned build a new one and add that to the mix and prices will always rise.

But that said in is comparing and apple to an orange.

Reality sets in now.

Welcome to 2015.

WSR

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