https://youtu.be/ueNr7mfFZu8

>>>However, the Little Australia neighbourhood that is part of the University Endowment Lands does not allow massive home construction, says listing agent Evan Ho. Because of that limitation, some offshore buyers were turned off, he says. He received eight offers and of those, three were from offshore buyers who likely would have demolished the house, he says.

The Asian market tends to like to build a monster home, but the UEL has restricted the size and the above-grade [height] that you can build. The general rule is that you can’t go really high or exceed 2,650 sq. ft. <<<

For fucks sakes, is that all it takes to keep out the chinamen, just restrict the size of new builds?

This bylaw should be adopted city wide!

Gregor, get to it!

That’s why we need to build camps.

Yep this graph pretty much says it all.

BC , the real estate superpower of Canada. All time record high for amount of realtors in the GVRD. Now add in all the jobs that were needed to support this juggernaut… Builders, construction workers, lawyers, conveyancers, inspectors, stagers etc ,etc, etc.

What could prossibly go wrong? lol

Upsetting, no kidding . It is tough to be a tax paying hardworking honest Canadian and trying damn hard to raise a child or two, expecially when half of your income goes to taxes and other “fees” and cannot afford to send your kids to prestigious exclusive (b/c of expense) private schools that prime the kids to go to higher education. Is this part of the dumming down process? Sad to see the money taken away from those that don’t have the money for private education. Education used to be the great equalizer, and now its power is being chipped away at by taking money away from the taxpaying honest Canadian’s kids education. When are Canadians going to stand up and say enough is enough? Who are the people that voted for “that girl”? Home/mortgage owners? Are the chickens coming… Read more »

Uhm…we are almost half way through 2016 now….

Billions flowing in from China and locals trying to keep up getting sucked into the market.

There’s really not much else to explain.

Optimism driven by fear and propaganda. The same mindset and feeling like one, when masses obsessively followed Adolf Hitler in his suicidal onrush.

people who are priced out have to live somewhere…

Perhaps some were buying for investments and the commute didn’t apply?

ok, but I have to ask, how many Chinese were in the line up? I thought all this housing lust and price craziness was solely due to the Chinese immigrants?

Do you have any theories about the stickyness of Calgary’s prices? You charts show only a 5.8% decline in house prices since 2014 after 2 years of oil price declines and tens of thousands of jobs lost in the industry. That seems like a really slow rate of decline.

I guess that is a sign of how freaked out people are in regards to the housing situation.

“he push to “Dump the Trump” was spurred by the presidential hopeful’s remarks on the U.S. campaign trail, where he proposed a ban on Muslims entering the country and branded Mexican immigrants as rapists and criminals.”

These shrieking media clowns always conveniently omit the word “illegal” whenever they’re playing the race card with Trump.

He was referring to Mexicans crossing the border illegally many of whom are criminals.

We have a similar problem with people committing fraud in order to immigrate here.

So basically lower interest rate for longer, and another last hope for bears disappears?

Wonder how Garth will spin this into his buy America, interest rate go up theme.