Vancouver and Toronto ‘Desperation’ cities?

Over at the Globe and Mail Rob Carrick points out that real estate is expensive in Calgary, Toronto and Vancouver calling them ‘Desperation cities‘.

But let’s get real.  Not being able to afford a condo isn’t a ‘desperate’ circumstance.

Maybe it’s the fall out of overpaying he’s talking about though…

The theme in housing market forecasts for 2015 so far is steady pricing. Some markets will more or less be flat, while the Big Three markets could rise 3 to 4 per cent. What more could go wrong if you’re struggling to save enough money to buy a first home? Here’s something: You buy and then have to deal with a shock to the economy. Something like a plunge in oil prices that undermines growth and hurts the job market, for example.

In any case if you have shelter, enough food and the company of loved ones you’re pretty lucky on a global scale.  Maybe you’d be happier with granite countertops, but then again maybe you wouldn’t.

 

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history

http://www.bbc.com/news/world-europe-22542982
a story on Dutch gas revenue from their amazing prolific Gronigen deposit, in honor of Carney.

Charlie Dickens
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Charlie Dickens
Tiny Tim: I think I know who sent us the turkey. Children: Who? Tiny Tim: Mr Oracle. Mrs. Cratchet: Oh dear oh dear oh dear. Whatever made you think it might be him? Tiny Tim: I don’t know. I just think it. Bob Cratchet: What would take Mr. Oracle take leave of his senses so suddenly? Tiny Tim: Christmas? Narrator: Oracle was better than his word. He became as good a friend and as good a blogster and as good a man as the good old city ever knew. Or any other city, town or borough in the good old world. And to Tiny Tim who lived and got well again Oracle became a second father. And it was always said that Oracle knew how to keep Christmas well, if any man alive possessed the knowledge. May that be truly… Read more »
Royce McCutcheon
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Royce McCutcheon
hamwhat
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hamwhat

poor Oracle it must have been a sour Christmas for him

Ghost of Christmas Present
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Ghost of Christmas Present

@##7 You took time off from your family and friends on Christmas to sit down and write an insulting message on some blog.

Who is the loser.

Merry Christmas and Peace to All Men.

Oracle
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Oracle

Down vote me all you want you pathetic basement dwelling renters.

You’re all losers!

Oracle
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Oracle

Delta love nests will continue to appreciate at 15%+ per year, indefinitely.

tedeastside
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tedeastside

@30 Seattle actually has good schools and career opportunity for their children

unlike vancouver the dead end pitiful backwater with an ego

history
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history
To see where the New IIP money goes, look at the bullish Commodities like lumber and a few exotic metals? Reading the BIV link posted earlier, but not expecting this will bring in the immigrant money. I’m more inclined to see Food production. Hobby farms for instance. How it works is not much different than what we see in the city, but we go Higher$ per immigrant. . Joe speculator- International slave trader- cattering to the immigrant market buys a 2 or 3 acre property, underutilized. He plants 10,000 garlics, and perhaps 1000 blueberry. He dresses up the house, adds a granny suite. He builds a few outbuildings, one is the food processing barn….. and so it goes. Eventually the spec property is ready for the Southeby Intl ad, or any of the assorted media that buys immigrants into your… Read more »
UBC in crisis mode
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UBC in crisis mode

Merry Christmas every one.
If in 2015 brand new SFHs in west side goes down from 3mil to 2, I would downsize.

Son of Ponzi
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Son of Ponzi

#28
Any business in Richmond that does not have Mandarin speaking people on staff is committing financial suicide.

Son of Ponzi
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Son of Ponzi

In Vancouver and Richmond, x-mas is small patotoes compared to Chinese New Yesr.

Harry Wang
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Harry Wang
Westside Realtor
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Westside Realtor

Merry Christmas 🙂

crikey
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crikey
And speaking of the war on Christmas: ” A university in northwestern China has banned Christmas, calling it a “kitsch” foreign celebration unbefitting of the country’s own traditions and making its students watch propaganda films instead, media said on Thursday.The state-run Beijing News said that the Modern College of Northwest University, located in Xian, had strung up banners around the campus reading “Strive to be outstanding sons and daughters of China, oppose kitsch Western holidays” and “Resist the expansion of Western culture”. (http://www.torontosun.com/2014/12/24/christmas-banned-by-chinese-university-says-it-is-kitsch ) Could you imagine strung up banners at UBC and SFU, sanctioned by the schools, that oppose/ban Chinese New Year celebrations here and say, “Resist the expansion of Asian/Chinese culture”? Such banners would of course be reprehensible here. Yet they harmoniously exist over there. What up with that? Meanwhile, over here its considered news if a Richmond… Read more »
tedeastside
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tedeastside

raining pretty hard in Miami, hot and muggy too…
im sure everybody wants to move to vancouver…
probably not hot and muggy in vancouver today

paulb
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Merry Christmas VCI! Enjoy the holidays everyone.

New Listings 25
Price Changes 7
Sold Listings 54
TI:11619

http://www.paulboenisch.com

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history
crikey
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crikey
#10 Satinder said: “Do white ppl say “happy holidays” to each other or do they say “merry Christmas” Im wondering if they say happy holidays to me to be politically correct.” I think that most of the same ppl that say “happy holidays” to you will say it to everybody regardless of race. If they are trying to be politically correct, chances are they are smart enough to realize that there are just as many caucasians that don’t believe in Christmas as non-caucasians. “It would be ironic because my family and Indian friends all say merry Christmas to each other.” There are lot of people that are not into saying that as well – regardless of race. So, damned if they do say Merry Christmas (because definitely they will come across people that get offended), and damn if they don’t… Read more »
anti-xmassism
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anti-xmassism

immigrants often get blamed for the “war on christmass” but the truth is they don’t care. it’s a minority of atheists and jews who complain about this stuff.

A Muslim defence of the Christmas tree
http://www.canada.com/nationalpost/news/story.html?id=1922c436-2a9c-4036-b8bc-04985468b6d2

@#16
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@#16
TLL
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TLL

Kwok brothers who played a role in shaping Vancouver’s Coal Harbour and Richmond’s post-Olympic legacy (Aspac Developments Ltd) – one was acquitted but the other one found guilty in Rafael Hui’s graft trial. They may still get away with just a wrist slap.

“Big names make pleas for leniency as Hui and Thomas Kwok face sentencing for graft”

Son of Ponzi
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Son of Ponzi

#19
read the latest Consumer Report:
Certain kinds of rice contain high levels of arsenic.

E.G.
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E.G.

I saw a documentry on counterfeit goods and how they are filled with toxins.

After entering n america they are sold in dollar stores and night markets. I wonder if exposure to them is the reason Asians often look so strange. Odd shaped heads oddly shaped bodies, skinny weak feminine males, extreme acne, bad eye sight, poor coordination, ext.

I doubt western medicine and science with its eurocentrism is examining this.