Vancouver Realtor Hunger Index November 2014

RFM has updated the Vancouver Realtor Hunger Index for November 2014 over at Vancouverpeak.com

The index is creeping up from its mid levels, but nothing too dramatic at this point.

The VANCOUVER REALTOR HUNGER INDEX for November 2014 was 62%. How does this compare? The 17-year average for November is 54%. At 62%, the 2014 November VRHI equaled 1999’s figure and was higher than 10 years and lower than 5 years since 1998.

Details and comparison data for 17 years at:http://vancouverpeak.com/showthread.php?tid=64

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Slagathor
Guest
Slagathor

…Van Vacancy rate: 1.9%….

Jumps to 75% when empty condos and basements (i.e. every house built on the west side in the last 10 years) are included.

ostritch
Member
ostritch

In other news,

Van Vacancy rate: 1.9%
Downtown Van: 1.2%

bullwhip29
Guest
bullwhip29

@ #33
“I wonder what the penalty will be for a missed sailing”

since the fares will be final sale, the penalty will be 100% loss of ticket cost. if these guys were really smart, they should implement a system whereby they could resell a ticket if the original buyer fails to check-in on time

i am also wondering what happens if a sailing is cancelled? do customers get a refund, a credit or bumped to a later sailing? if that later sailing is full, what happens then?

bullwhip29
Guest
bullwhip29
@ #32 i highly doubt the supposed increase in revenues generated as a result of the improved “experience” will offset monies lost from reservation fees unless, of course, the fares go up across the board; anyone currently reserving a spot under the current system is doing so out of necessity. under the new proposal, they will not have to pay this fee but maybe a convenience or processing fee instead (like bc hydro). i believe the idea that a new system could generate more revenue from “impulse” type buyers is far fetched esp if you can’t change or cancel the reservation without being penalized. vacationing to the island is way more involved than just making a ferry reservation. i also think that that ratcheting up the fares during peak times (which they never said they would do) would generate all… Read more »
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

@28

yes, we can all imagine all sorts of things that COULD go wrong with anything. the government can have an over reaction to littering and ban all packaging effectively barring every company from selling anything in the province. but that’s stupid. it’s also stupid to imagine that the government will do something as stupid as what you are describing when we have absolutely zero indication that it will happen.

slurker
Guest
slurker

@28:

I don’t think you can take such a simplistic view of the situation. First off, if the LNG infrastructure is put in place then most likely natural gas for current BC residents will become more expensive due to higher demand. This will be money leaving the province. Secondly, once the natural gas is extracted, it is gone and any future BC residents will not be able collect any benefits from it. Thirdly, the province is still on the hook for providing roads, governmental services and other infrastructure for these industries.

southseacompany
Member
southseacompany

“BoC’s Poloz ‘Confident’ There Won’t Be a Housing Crash”, NASDAQ.com

Read more: http://www.nasdaq.com/article/bocs-poloz-confident-there-wont-be-a-housing-crash-20141203-01291#ixzz3KulvLb4U

“-Bank of Canada Governor Stephen Poloz said he is “quite confident” sky-high house prices and household debt won’t result in a destabilizing correction at a conference in Toronto Wednesday.”

southseacompany
Member
southseacompany
“Bank of Canada more worried about household debt than falling oil prices”, National Post http://business.financialpost.com/2014/12/03/bank-of-canada-more-hawkish-on-economy-though-oil-price-plunge-household-debt-pose-risks/ “Two-thirds of the total debt, or $985.1 billion, can be found in mortgages, according to Equifax Canada. Stripping out mortgages, Canadians on average owed $20,891.” ““Of course, [the housing market] has been a positive factor for growth of the past few years. But I think we’re pushing our luck now,” said Mr. Madini. “So, when rates eventually go up, that would be a huge hit to housing affordability and, therefore, home sales. And if home sales fall, then the market price for housing goes down. This could slow household spending, which is the bulk of the economy,” he said. “We don’t expect a slow landing in the housing market. We think it will be a hard landing.”” “Derek Holt, at Scotiabank Economics, said the wording… Read more »
Shut It Down Already
Guest
Shut It Down Already

If the fare system will operate anything like an airline’s, then I imagine BC Ferries will start advertising fares as low as $10. Oh, but that’s one-way, excludes taxes, and the chances of you finding such a fare or even knowing how many of them are available will be close to zero. I wonder what the penalty will be for a missed sailing, too.

I really hope they adopt something a little more transparent.

@29
Guest
@29
“how will offering discounted fares and eliminating reservation fees necessarily generate more revenue or traffic for that matter?” Because more people will use the ferries with a better system. It works like the airlines do. You book a ticket online and are guaranteed a spot. No waiting in lines, no uncertainty of getting on a ferry. The fares increase and decrease depending on popularity just the like an airfare. If you want to take the ferry on a Friday afternoon of a summer long weekend you can just book it online and are guaranteed to get on without arriving early. Like the airlines you will pay a premium for that peak time and fares fluctuate with supply/demand. On non peak times fares are cheaper so they can try to sell more fares. Sounds like a good system to me and… Read more »
bullwhip29
Guest
bullwhip29

@ #30

right now, the “current” plan seems to be on perma-hold. the longer things sit and stew, the more antsy Clark and co get. she cant hide in the shadows forever. to get a deal done, I bet she’ll have to kick in some of the money and/or allow petronas to bring in their own employees. at the end of the day, it is all about optics (regardless of the cost) and getting a major co to put pen to paper in front of a live audience. perhap she’ll even make a rare appearance if such a deal was to materialize.

@28
Guest
@28
“the taxpayers of BC will wind up assuming all the risk” With the current LNG plan there is zero risk to the tax payer. Right now we get zero revenue from LNG and the current plan has the private sector taking all the risk by providing the capital to build the plants and infrastructure. All the government does is collect royalties and taxes from all the spin offs. Even if the royalty is low we still win. If it blows up then sure the government gets no royalties or taxes but they don’t lose anything either. These are the kind of projects government should be working on rather than pumping the housing industry. If the NDP were in power the tax payer would assume all the risk for such projects as the government would fund them. Remember the fast ferries?… Read more »
bullwhip29
Guest
bullwhip29

since i am in the mood to crap all over the current administration, who here thinks the newly revamped mulit-million dollar ecommerce site bc ferries is proposing will actually bear any fruit? or will it wind being compass 2.0? even if it works, how will offering discounted fares and eliminating reservation fees necessarily generate more revenue or traffic for that matter? geez, i wish these people would get their $hit together. no wonder ppl are hesitant about moving to the island.

http://www.vancouversun.com/business/Ferries+pitches+fare+system+free+online+reservations/10437201/story.html

bullwhip29
Guest
bullwhip29

@ #18

the worst case scenario is that Christy bends over backwards (or forwards), cuts all sorts of corners and makes petronas (or whoever wants to step up to the plate) a deal they can’t refuse just so she can appear to be making good on her election promise. in such a scenario, the taxpayers of BC will wind up assuming all the risk if the market remains uncertain and reap none of the benefits if the stars somehow realign themselves.

unemployed slave trader
Guest
unemployed slave trader

Who will save us from deflation?

VMD
Member
“Slim pickings for China’s immigration industry in Canada’s new investor migration scheme” “For years, Canada’s immigrant investor programme was the Chinese immigration industry’s cash cow. A money tree. A goose that popped out golden eggs like a tennis ball machine. Big commissions (more on this below) and a seemingly endless supply of mainland millionaires covetous of Canadian passports made the scheme the Chinese consultants’ favourite. So when it was axed this year, all eyes were on the promised replacement – would it offer similarly rewarding opportunities? The new scheme has not been formally unveiled yet – expect that in coming weeks – but sources familiar with the government’s plans are now giving a good idea of what to expect. And it’s fair to say that immigration minister Chris Alexander is being crossed off a lot of Christmas card lists in… Read more »
@18
Guest
@18

“how can it end “badly”? the worst case scenario is the status quo. that’s not “bad”, it’s “no change”.”

It could end with the NDP taking power. That would be a bad end to pretty much everything associated with economic growth.

Skook
Member
Skook

Re #23

Link to Nov 2014 SC Land Sales needs to be reposted too:

http://vancouverpeak.com/showthread.php?tid=5189&pid=6263#pid6263

Sorry about the problems – not sure why. Skook

Skook
Member
Skook

Re #22

Sorry, don’t know why the links to Part 1 & Part 2 are directing properly. Here they are again…one last try…

http://vancouverpeak.com/showthread.php?tid=5236&pid=6255#pid6255

http://vancouverpeak.com/showthread.php?tid=5236&pid=6257#pid6257

Skook
Member
Skook

Off-topic.

For November’s stats, “$1mill+” property sales can be found here:
http://vancouverpeak.com/showthread.php?tid=5237&pid=6258#pid6258

Land Sales are here: http://vancouverpeak.com/showthread.php?tid=5189&id=6263#pid6263

I’ll have the rest of the sales data up on the weekend. Skook

Skook
Member
Skook

Off-topic.

The Sunshine Coast sales stats for August, September and October are finally up at our sister site VancouverPeak.com. The complete stats are over two posts.

Part 1: http://vancouverpeak.com/showthread.php?tid=5236&id=6255#pid6255

Part 2: http://vancouverpeak.com/showthread.php?tid=5236&id=6257#pid6257

maurice
Guest
maurice

We have manipulated oil prices to targetted levels in order to build hydro carbon infrastructure, that will then be turned over to moving water. LNG pipeline to the West Coast is the last piece of the puzzle, and has hit Capex critical mass. We can now rip the rug from under the Hydro Carbon edifice. Petronas has done its job admirably.

paulb
Member

New Listings 147
Price Changes 45
Sold Listings 171
TI:13032

http://www.paulboenisch.com

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

@bullwhip29

how can it end “badly”? the worst case scenario is the status quo. that’s not “bad”, it’s “no change”.

Skook
Member
Skook

Off-topic.

The Sunshine Coast sales stats for August, September and October are finally up at our sister site VancouverPeak.com. The complete stats are over two posts.

Part 1: http://vancouverpeak.com/showthread.php?tid=5236&id=6255#pid6255

Part 2: http://vancouverpeak.com/showthread.php?tid=5236&id=6257#pid6257

For November, “$1mill+” property sales can be found here:
http://vancouverpeak.com/showthread.php?tid=5237&pid=6258#pid6258

Land Sales are here: http://vancouverpeak.com/showthread.php?tid=5189&id=6263#pid6263

I’ll have the rest of the November stats up on the weekend. Skook