Zoocasa shuts down

Zoocasa was supposed to be the Canadian answer to Zillow – making real estate transaction information more available and driving down the cost of buying and selling a home.

Well, as space889 points out that experiment has ended. Rogers is shutting down Zoocasa.

The move by a multibillion-dollar telecommunications company into real estate sent shock waves through the industry, particularly once Zoocasa began offering buyers and sellers a 15-per-cent rebate on the commissions they paid to their agents, sparking ire among some in the industry and putting pressure on other brokerages to lower their fees to compete.

Read the full article here.

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

vancouverites have forgotten about HAM. it’s all about yoga day and marijuana now.

VanFlippers
Guest

All the more reason to attend the “Give Us Data” rally on June 24!

https://www.facebook.com/events/395794513948536/

VanFlippers
Guest
Look, City Hall is for sale: http://vancouver.craigslist.ca/van/atq/5065401177.html For Sale: Vancouver City Hall. Cash only, please. No Questions asked. Condition: fair Vancouver–the Cayman Islands of Real Estate! ™ The Government of British Columbia Inc. (“BC Gov Inc.”) is a leading real estate agency and owner of boutique development-region Greater Vancouver™. As the least scrupulous real estate agency in North America, we have a proven record of helping our clients–the global elite–diversify their portfolios and realize above-average return on investment through unfettered real estate speculation. At BC Gov Inc., we believe that “Housing is for Hedge Funds,”™ not humans, and that “community” is merely a feel-good euphemism for “commodity.” By willfully neglecting our legal power to curb international real estate speculation in Vancouver, and by failing to prioritize Vancouver residents over international investors, we are actively pursuing our mandate to serve the… Read more »
Westside Realtor
Guest
Westside Realtor

Great posts!

My prior peak predictions…fair enough, I didn’t anticipate the surprise boc rate cut and the mania to follow.

So, I revise my predictions as facts change and admit I was fooled/wrong.

I remain of the view that as volumes taper so will prices.

IF rates actually tick higher, then the wheels come off.

Agains the concensus view, is the thirty year bond bull really gasping breath terminally? Or yet another head fake?

Driving me nutz it is…

WSR

patriotz
Member

@3:

FYI there is a Federal election coming up in the fall and according to the polls it’s looking like a 3 way race.

Now in politics the smart thing to do is focus on the level of government which has an election coming up, not one where the election is 2 years away and the government in power knows that people forget quickly (references: HST, Ethnicgate).

The Federal government has the power to end this bubble (obviously, since it created it). NOW is the time to make it an issue.

Royce McCutcheon
Member
Royce McCutcheon

@3: Awesome!

Also, agreed on what #5 said.

best place on earth
Guest
best place on earth

#4 WSR,

I hope you disclosed what you said here to your actual clients in real life.

drunk on the beach
Guest
drunk on the beach

It is looking like a race between a kayak, a canoe, and a drug running speedboat. patriot dressed in pink handing out survey sheets on the beach… Pining for those bathhouse Vancouver days

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

@2

go to a silly rally or get a free haircut at a yaletown salon? the choice seems obvious

http://vancouver.craigslist.ca/van/zip/5069568994.html

paulb
Member
Active Member

New Listings 208
Price Changes 58
Sold Listings 169
TI:13325

http://www.paulboenisch.com

fanaticallybroke
Guest
fanaticallybroke

@3

Fantastic. Ca you post it on FB so we can get it out there?

June 24th 2015 is the next rally

I forecast these will become larger and larger events.

Look the first one moved Gregor from doing nothing into a ‘plan’ which Christy shot down immediately. If we rally every month even she will move.

Especially with sings asking her why she prefers off-shore looters over BC citizens?

patriotz
Member

@11: ” If we rally every month even she will move. ”

Right. You know what got Gordo to move on the HST. Repeat that and you might get something. Or maybe recall just one Vancouver-area Liberal MLA. Anyway:

What the housing bulls won’t tell you about residential real estate

The people I listen to most on the state of the housing market are in the investment industry.

Not in the housing sector.

Investing people have a better understanding of a few basic facts about houses. One, they’re financial assets like any other, and that means there are cycles of both rising and falling prices. Two, today’s prices are high in some cities after a long run-up. Investment people believe the housing market is vulnerable to a pullback, and you should consider their arguments.

joe
Guest
joe

dichotomy [ dīˈkätəmē ]

Stop expecting to own a home in Vancouver, you entitled bunch…..our bloated equity is something we feel entitled to.

renters rule
Guest
renters rule

whoever gets in front of this issue first, at the federal party level, is going to be SHOCKED at the rallying power it will have with many (agreed not all) people in many parts of Canada. The polling will show this and then the neejits will be falling all over themselves to kiss up to the lowly Canadians who actually live, work and pay taxes in this country.

If Mulcair (most likely to in my view) puts this particular bit between his teeth — watch out!!

would-be buyer
Guest
would-be buyer
Oracle
Guest
Oracle

The corporate media is out touting polls that say NDP is leading.

The sheep will buy it. This is a ploy to split the vote between the liberals, NDP, and greens. This is how the cons win.

Spread the word to either vote for Harper or Trudeau. NDP is going nowhere (fake polls) and the greens are a child of the cons ( believe it).

flaneur
Guest
flaneur

Cao Yongzheng*, a Canadian citizen since 1997, is implicated in the trial China’s ex-security Tsar.
http://www.theguardian.com/world/2015/jun/11/zhou-yongkang-trial-exposes-chinese-officials-links-with-mystic
*Cao’s wife, Wang Wenqin is also a Canadian citizen.

Does CRA know that Cao owns an offshore company Beijing Niandai Investment Ltd, that raked in billions of yuan?

Can the ‘Xinjiang sage’ work his way out of gov’t probe?
http://english.caixin.com/2014-04-21/100668166.html

voiceofreason
Guest
voiceofreason

The definition of hypocrite is Garth Turner.

For years he has been demeaning the Realtor stats and now he is using them to justify the fact that HAM doesn’t exist.

http://www.greaterfool.ca/2015/06/11/awesome/

HYPOCRITE!!!

flaneur
Guest
flaneur

@#16
Fortune-telling qigong master Cao Yongzheng nabbed in CNPC probe
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140423000094&cid=1601

Niandai Energy_graft inquiry at CNPC uncovers shady deal involving productive oil block
http://english.caixin.com/2014-04-21/100668166.html

southseacompany
Member
southseacompany

“Bank of Canada says housing price crash remains biggest risk for economy’, Calgary Herald

http://calgaryherald.com/business/bank-of-canada-says-housing-price-crash-remains-biggest-risk-for-economy?__lsa=aa57-f9a1

“The Bank of Canada said a crash in housing prices that are overvalued by as much as 30 percent remains the biggest risk to the country’s financial system, a danger that has edged higher on the drop in crude oil prices.”

“The bank estimated the range of housing overvaluation is between 10 percent and 30 percent, unchanged from the last report on Dec. 10”

crikey
Guest
crikey

Is it any surprise Christy Clark and her people (as well as Gregor and his group) are being such idiots in this situation?

Political parties are like diapers. Both need to be changed regularly else they become increasingly full of shiat.

Christy Clark thinks that spraying some Febreze and waving her hands around is good enough to mask the stench that is her leadership and party. Its an embarrassment to all British Columbians.

southseacompany
Member
southseacompany

Still climbing in the US: “Mortgage Rates Top 4% in Test for Housing”, Wall Street Journal

http://www.wsj.com/articles/mortgage-rates-top-4-in-test-for-housing-1434063061

“Mortgage rates vaulted above 4% for the first time this year, posing a challenge to the housing market’s strengthening recovery.”

“Last week’s mortgage-rate increase was the sharpest since 2013 and echoed the one-week advance in May 2013 when then Fed Chairman Ben Bernanke suggested it would soon slow its bond-buying stimulus program.”

“For now, economists and analysts are less concerned about the recent jump and more about what it could portend. For decades, mortgage rates have been on a steady march downward. ”

““Most people feel that rates are going back up to 5% or higher,” said Guy Cecala, publisher of Inside Mortgage Finance. “It’s a question of how fast.””

crikey
Guest
crikey

Two things that seem clear are
1) interest rates are very low and must eventually go up
2) we cannot trust and govt or market prognosticators about when that will actually happen.

Every couple of months we read another set of predictions about how rates are surely on their way up soon. This is supposed to scare the borrowers into paying off debt… but then the ‘wolf’ doesn’t show.

Yup, consumers have been lulled into a boy-who-cried-wolf-scenario. (i.e., govt-who-cried-higher-interest-rates). Eventually the wolf has to show up. As we all know, there is no other option. But consumers have heard it so many times now they no longer pay attention.

vantusso
Guest
vantusso

#3 #11

Get data rally, we should also put pressure on transparency in the market. If Christy & Co. advocate for free markets.

The RE cartel needs to be broken. What’s with the sudden surge of news proving no foreign influence.

Independent auditors, independent investigations of ethic breaches, rules and regulations on what they can advertise similar to other financial markets. No re-listings with different numbers to hide days on market, audit of multiple offers, etc.

Garth 1 was advocating for transparency. Garth 2 now trusts re. Garth 3 thinks Ian Young works for RE cartel, that’s why he cannot be trusted !

vantusso
Guest
vantusso
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