those were not RE blogs – those were bear blogs of which put out too many wrong predictions that caused many families priced out of the market. vhb quit because the guy realized it, VREAA has gone silenced cuz she might have bought a place for her family…there are a few bear blogs left treading the water.

@117:

This market has killed-off most of the RE blogs, but there’s still at least one more.

http://vancouverflippersintrouble.wordpress.com

True, I didn’t foresee the surprise interest rate chop.

Doesn’t change my view, just delays the INEVITABLE.

Makes the downside even more extreme.

We are peaking now, and the long slide commences. Seeing signs of this NOW.

WSR

@114

“Rennie’s only consideration is the supply side”

Guess even this blog has closed down , no “Friday Free For All”. Maybe it was bought by an off-shore investor.

Anyway we are close to 25,000
Let’s keep push it. a few hundred more in the last 48 hours.

https://www.change.org/p/premier-christy-clark-mayor-gregor-robertson-mayors-and-city-councillors-of-the-gvrd-restrict-foreign-investment-in-greater-vancouver-s-residential-real-estate-market/u/10324691

Rennie’s only consideration is the supply side – because of course that’s what made him rich. For Van RE to come back to reality for the middle-class, the demand side must be addressed. The demand side – taxes, rules that benefit locals. Oops – obviously Christy and Gregor (and Harper for that matter) are benefitting too much from this Ponzi scheme to listen to voters. Vote them out ASAP.

we’re doomed. Garth: “there’s no HAM, but sell fast to them and give me the money” Ren2008: “you can’t afford a house now, so buy a condo, give me the money, I promise you will climb the ladder ad get rich” Ren2015: “give up, buy a condo and give me the money. and let me bulldoze all SFH to put my condos” dear Leaders: “there’s no HAM, but let’s take their money” city: “traffic and congestion will doom the city, so give us more money. then we will build more condos along traffic corridors and increase congestion where there is none now. and developers will profit from rezoning. and city will profit from permits. and more condos, more congestion where there is none now, paid by you, profit by others.” how did it turn out for Cambie. seriously considered voting… Read more »

Regarding 70% ownership, one new factor this time may be that the property ladder is dead. Those hoping to cash out on their condos bought 5-7 years ago and upgrade – won’t happen because SFH went up by a more greater margin. May explain there is more awareness of the high prices. The first wave of upgraders has arrived and all sacrifice hasn’t paid off, because SFH took off like a rocket. Because the idea was to buy a condo, wait a few years, then something bigger, wait a few years, etc. and then arrive at a house. You don’t mind living in a leaky shoebox if there’s some hope, some day, but what if reality has shown otherwise. May explain why master propagandist is pushing condos in the last days. If people were buying condos as a starter home,… Read more »

#105

“condo’s going up” … said the Condo Marketer.

This piece is basically the same propaganda that has been in all media for the last days. Free advertisement presented as ‘news’.

So how are condos affordable, when “… young buyers are increasingly leaning on parents to help with a condo purchase … and … nearly 50% of baby boomers are helping their children by giving or loaning some or all of the down payment for a Metro Vancouver home …”

Regarding densification, it doesn’t help at all affordability when Condos are designed for investors, presale schemes, flipping and not for families. How many 3 bdr condos are built ?

Shut It Down Already Says: May 21st, 2015 at 7:17 am 58 54, and what if 4 of those 6 million came from sale of the previous primary residence, $500k came from cash, and $1.5m was mortgaged? You’d still tax that person as if their annual salary was $2m? Do you really believe that BS. They just bought an $8 M house today in West Van. How much do you think that buyer will pay in income tax this year??? Maybe the house was sold in another continent. The fellow that was killed in West Van had put one mansion in a cousin’s (the killer’s) name and one in his own for ‘tax reasons so they could both claim them as principal residence ‘ according to the TV. that means paying less property tax to the District and the gains… Read more »

Relax guys and gals at VCI, you could ultimately be the ones that failed to catch the figurative jetliner that ends up crashing. Keep saving and waiting for your opportunity. Peace.

@#101 They will curb it. But, they can’t yet as it would hurt the overall economy. I’m talking about the Feds that is, as they are really in control. People like Christy don’t have that kind of power and even if she did I doubt she’d understand. They want to engineer a ‘soft landing’ where home prices moderate, but the economy doesn’t crash. Sustaining this bubble is just the by-product of trying to save us all from the great depression. The are just putting up with it until the can stop artificially stimulating the economy. Then they’ll try to make it go away gradually. So no one will notice. As you’ve pointed out yourself, condo HPI is the same as 5 years ago. But, considering inflation, thats a 10% drop already. Did anyone notice? Are they saying that condos have… Read more »