Vancouver Realtors getting less hungry.

RFM has posted an updated Vancouver Realtor Hunger Index for April 2015.

The index now stands at 37%.

As RFM says:

he VANCOUVER REALTOR HUNGER INDEX is the percent of realtors who earned no commission income for the stated month. For April 2015 the VRHI was 37%. How does this compare? The 18-year average for April is 41%. At 37%, the 2015 April VRHI was higher than 5 years, the same as one year and lower than 11 years since 1998. Sales outpacing listings? Prices strongly increasing? Consult the DSM-5 for a complete explanation! (The Diagnostic and Statistical Manual of Mental Disorders (DSM-5), published by the American Psychiatric Association, offers a common language and standard criteria for the classification of mental disorders.)

Details and comparison data for 18 years at: http://vancouverpeak.com/showthread.php?tid=64

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franko
Member
franko

Alberta election in a nutshell

http://www.youtube.com/watch?v=nyXyxLiDtHo

patriotz
Member

@85:

Municipal governments can’t do anything about it, and the provincial government won’t do anything about it.

If you want even a chance of anything getting done, you are going to have to get rid of the current provincial government. If you need inspiration, look east of the Rockies.

Anything else is a waste of time, the politicians know it, and it’s about time the public caught on to it.

vangrl
Member
vangrl

For any here that feel like they want something done about foreign ownership, sign the petition.

“Vancouver housing prices have been growing at an alarming rate for the past few years, and now finally, residents are getting fed up with the lack of action from political leaders to dissuade foreign ownership.

A new Change.org petition calls for action from Premier Christy Clark, Mayor Gregor Robertson and mayors and city councillors of Metro Vancouver to restrict foreign investment in Vancouver’s residential real estate market.”

http://www.vancitybuzz.com/2015/05/petition-restrict-foreign-ownership-vancouver/

space889
Guest
space889

@patriotz – So basically 32% of the cases never went to trial where one could get a guilty or not guilty conviction. Excluding that means the success rate of crown prosecution for cases that did go to trial before a judge or jury is 64%/67% which is around 95% success rate?

space889
Guest
space889
@Madashell – I’m not saying he should not be deported. Frankly I would be really happy if Canada just kicked him back to China ASAP. I’m merely pointing out that high prosecution success rate doesn’t only exist in communist countries. As my Law 12 teacher said, do you really think a crown prosecutor would bring a case to trial if s/he doesn’t believe there is an EXTREMELY good chance of winning? Back to the subject of deportation, yes he’s likely to get deport. But how much taxpayers $$$ would be wasted in this endevour via the courts and lawyers?? All this could be avoid if the immigration approval officers did their properly and didn’t let the guy into the country in the first place. Some of our big 5 banks are refusing business with people who are former Chinese public… Read more »
flaneur
Guest
flaneur

@#73
The process to deport Lai Changxing took 12 years (1998 – 2011).
Michael Moyeung Ching first landed in Canada in 1995 or 1996, although offcial he is a wanted person since 2000; being the only son, he didn’t even attend his father’s funeral in 2010. The earliest date of his deportation, if ever, would be the 22nd century or when his legal funds run out, whichever comes first. :p

@#78
Given that his father’s regime was a ruthless one, the only danger is if past ghosts surfacng. Power and corruption in China are always associated with violence. This family of four in Texas were put down to silent them from squealing.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150505000080&cid=1101

flaneur
Guest
flaneur

@#63, #64, #69,

Politicians’ rule of thumb: “If it ain’t broke, don’t fix it.” 🙂

southseacompany
Member
southseacompany
“How the Federal Reserve is preparing for the impending bond ‘cliff’”, Financial Post http://business.financialpost.com/investing/how-the-federal-reserve-is-preparing-for-the-impending-bond-cliff “The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when some US$500 billion in bonds expire and risk disrupting markets and the U.S. economic recovery.” “Asked publicly and privately about the longer-term strategy, Fed policymakers say they are in no rush to shrink the portfolio, suggesting they will seek to avoid a “cliff”” “The central bank can always sell bonds, but it said in September it will rely primarily on run-off to reduce holdings in a “gradual and predictable manner.”” “Reliable demand from the central bank has helped bond markets stay near record highs, making it cheap for Americans to take on mortgages and other loans. A 30-year fixed-rate mortgage remains low at 3.9 per cent,… Read more »
patriotz
Member

@76:

This is one topic where there is actually hard data:

In 2010/2011, a guilty finding was reached in about two-thirds (64%) of cases, a proportion that has remained relatively consistent over the past decade. Another 32% of cases were stayed, withdrawn, dismissed or discharged at preliminary inquiry, and 3% were acquitted…

Note: A case is one or more charges against an accused person or company that were processed by the courts at the same time and received a final disposition.

http://www.statcan.gc.ca/pub/85-002-x/2012001/article/11646-eng.htm

VanRant
Member
VanRant

@ 76 Space – Sorry to burst your bubble but what ever China wants, China will get, eventually! All he can do is delay through our spineless court process. It may be 5 or 10 years but Michael Ching Mo Yeung will be deported. Let this be a warning for all Chinese fugitives that are hiding.

space889
Guest
space889

@southseacompany – This thing played out a few times in the last 3 years and every time it just ends up petering out like a wiener and rates went to another record low.

With all the QE in the world and Fed basically dithering, I would be really surprised if rates went up this year or even next.

space889
Guest
space889

@Madashell – What do you think the hit rate for Canadian prosecutors is? Likely not lower than 90% either.

southseacompany
Member
southseacompany

And in the US:

“Mortgage Rates Continue To Rise”, Newsroom America

http://www.newsroomamerica.com/story/492093/mortgage_rates_continue_to_rise.html

“Mortgage rates were up for the second consecutive week, with the benchmark 30-year fixed mortgage rate rising to 3.99 percent”

“Bond yields, to which mortgage rates are closely related, increased suddenly. However the increase wasn’t due to fundamental factors such as robust U.S. economic growth – which was hardly the case in the first quarter – but rather due to currency fluctuations and prospects for an uptick in inflation.”

southseacompany
Member
southseacompany

Interesting things going on;

“Violents bond moves signal tectonic shifts in global markets”, The Telegraph, UK

http://www.telegraph.co.uk/finance/economics/11590314/Violents-bond-moves-signal-tectonic-shifts-in-global-markets.html

“It is absolute pandemonium in the fixed income markets. Everybody has been trying to get out at the same time but the door is getting smaller,’ says RBS”

“A wave of turmoil is sweeping through sovereign bond markets, setting off the most dramatic gyrations seen in recent years and threatening to spill over into over-heated equity markets.”

VanRant
Member
VanRant

Wow! China has a 99% conviction rate so it does not look good for Graft fugitive Michael Ching Mo Yeung.

Best place on meth
Member
Best place on meth

Here’s How Much New York and San Francisco’s Tight Housing Markets Are Hurting the Economy

http://finance.yahoo.com/news/heres-much-york-san-franciscos-154919029.html

“Limited housing is keeping workers away from the cities where they could be most productive, and that’s costing the U.S. economy.

Reducing land-use constraints in high-productivity New York, San Francisco and San Jose to the level of the median city would expand their labor forces, boosting U.S. gross domestic product by 9.5 percent, according to estimates from a new study by the University of California at Berkeley’s Enrico Moretti and the University of Chicago’s Chang-Tai Hsieh.

“A limited number of American workers can have access to these very high-productivity cities,” Moretti said in an interview. A more efficient distribution would be “a general benefit for the entire economy.”

Royce McCutcheon
Member
Royce McCutcheon

@65: Pretty big leap on that $60B figure, no? No timeline for that figure given, no way to unpack the analysis further, etc. $2M average? How many sales over $1.5M have there been here in the Lower Mainland over the last decade? 15k? 30k? Proper citation would have been nice for those numbers, because that’s a juicy claim.

I also think flat out ignoring the reality of many tens of billions of dollars in new mortgage lending in this region (more?) over the last five years, coupled with declining interest rates that always seem to precede spikes in buying, would be worth noting at least somewhere, once (in this article or the first one).

vangrl
Member
vangrl

#66 & #67

oh the irony…

space889
Guest
space889
For all the talk of corrupt officials, I find it interesting that the Canadian gov’t officials who are responsible for screening candidates for immigrations, stationed in a country known for public official corruption, where anti-corruption sweeps/arrests make news constantly, feel it is perfect fine that gov’t official families would have net assets of $2M, $5M, $10M, $25M+ CAD to bring to Canada when they immigrate. Are they really really that DUMB that alarm bells don’t go off when they see wife or kids of public officials making $1K CAD/month at best have multi-million dollar houses and cash? That it is all ok cuz the wife is just a good biz woman? All that money is legit and ok to come to Canada? You want someone to blame for corrupt officials? Blame the gatekeepers who are supposed to keep them out,… Read more »
space889
Guest
space889

@piklishi – If the admin care about that then posters like BPOM would have been kicked off years ago when he started spouting nothing but racist hate fill messages about Chinese.

Most good posters have left or rarely post now. All we have left are mostly anger filled individuals who feel it is all Chinese people fault and any negative info about Chinese justify their view that all Chinese people are the lowest of low and don’t deserve to be even viewed as humans, but lowest of the scumbag disgusting animals.

southseacompany
Member
southseacompany

“Building permits highest yet for condos, apartments in Metro Vancouver”, Vancouver Sun

http://www.vancouversun.com/Building+permits+highest+condos+apartments+Metro+Vancouver/11036921/story.html

“Condo and apartment construction could boom this summer in Metro Vancouver, as the value of building permits for multi-family dwellings issued in March hit a record high, according to Statistics Canada.”

southseacompany
Member
southseacompany

“Pullback in Toronto condo building not enough to stop plunge in prices, warns Fitch” Financial Post

http://business.financialpost.com/personal-finance/mortgages-real-estate/pullback-in-toronto-condo-building-not-enough-to-stop-steep-drop-in-prices-warns-fitch

“Ontario’s condominium prices may decline as much as 10 per cent over the next few years as a record number of units under construction saturate the market, according to Fitch Ratings Inc.”

vangrl
Member
vangrl
patriotz
Member

@62:

Queen’s Diamond Jubilee medals a fiasco

Nearly 60,000 Canadians would receive the shiny silver medals, the governor general said last year. To do so, one needed to be Canadian, have a pulse, and have made — again, that key requirement — “significant contributions and achievements.”

The distribution of the medals was ultimately determined by the office of Prime Minister Stephen Harper.

southseacompany
Member
southseacompany

“Fed could lose control of bond yields:”, CNBC

http://www.cnbc.com/id/102657467

“The Federal Reserve runs the risk of losing the control of bond yields as it prepares to raise interest rates later this year, analyst Peter Boockvar said Thursday.”

“”That’s maybe why we’re seeing some of the steepening—because the bond market could be sniffing out the bottoming of these inflation numbers and they think [Fed Chair Janet] Yellen is going to drag her feet in raising rates to respond to that, so the long end of the curve is going to tighten for her,” the Lindsey Group’s chief market analyst said on CNBC’s “Squawk Box.””