Vancouver Market Summary so far for August 2016

yvr2zrh wrote a good summary of what the market looks like currently, how media headlines can get it wrong and where we might go from here:

With about 9 market days remaining in the month, we can start to look forward to how the month will end up. During the past two weeks, we have seen so many numbers in the media which highlights not only is the market falling but also that the intricacies of the underlying data are not well-understood by so many people.

The message (although correct in that the market is bad) is so poorly explained and supported and thus the true state of the market is not clear to people. So – here is the summary of what is really happening.

1.) Sales volumes will be down around 25% for unit sales but 33% for dollar volume. My model predicts a 10% decrease in condo sales (which is not much).
2.) The decrease in average price across the entire market is driven primarily by mix at this stage. It is not known how much is driven by actual price movement. Likely little so far.
3. ) Detached home sales are down significantly. This is likely more than a 50% decrease from July volumes and could be more than 65% down from August 2015.
4.) It is not clear what the benchmark price will do but we would expect that the condo price is probably almost unchanged. This market is mainly suffering from supply issues which will take time to resolve. Detached benchmarks are likely to fall in the higher-priced markets. The reason is that there will be buyers but only low-ball buyers testing sellers.
5.) The stats will be partially supported by the month-end date cutoff issues at REBGV. They report sales based on the date they get paperwork. Many of the sales recorded to beat the tax will actually show as an August sale, while they are actually July sales. Since these are from a period with a “different regulatory and tax framework” they are not really comparable and should perhaps be shown separately for accuracy purposes.
6.) Inventory will be up a bit but we still have a supply shortage in condos. Detached house MOI will increase to 10 or more.

Ultimately, this tax is taking money out at the top. It will take a couple months to see how it all plays out but the top of the market will now need to rely on move-up buyers and bona fide immigrants who are permanent residents.

We can already see the headlines coming but some of the intricacies of the stats will not really be understood.

I also have some stories from the front lines which I will get more info on next month and then write a more detailed update.

And – let’s try to keep the discussion on topic as much as possible – we have started to waiver a bit in the past few weeks.

Posted by yvr2zrh on Friday August 19th 2016 in the comments section.

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Slava
Guest
Slava

Is it time for a class action lawsuit against the CRA for willfully ignoring their duties and not auditing investor immigrants since 1996 to present? http://www.scmp.com/news/world/united-states-canada/article/2005794/canada-tax-chiefs-knew-foreign-moneys-big-role#comments
Is it time to demand that investor immigrants report their global income which is actually mandatory for every resident, and do this before being able to purchase real estate?
Or
does Canadian Law apply only to Canadians and Landed Immigrants who work and pay taxes in Canada? Isn’t that racist? Our laws do not apply or are not enforced when dealing with foreign investors? They are special or a privileged class?
Remember Tax fraud has no statute of limitations!
Or is the CRA just there to harass individuals and small businesses for questionable expenses or an excess of moving expenses………

Oracle
Guest
Oracle

There are tremendous benefits of having a foot in 2 countries that don’t share personal information.

The problem here is most immigrants are from India, China, and Phillipines. And they don’t come here to pay taxes lol. They come here to get even further ahead

…all at the expense of the working locals who have been schooled into oblivion.

Slava
Guest
Slava

My post is about encouraging a class action lawsuit with proof that CRA has neglected and purposely ignored audited global income from foreign investor immigrant settlers since 1996.
If the lawsuit is won and compels the CRA to audit all these individuals since 1996 to present, you watch how fast the foreign investors dry up and real estate prices will be then set by local demand.
Are you a Sikh Canadian Chinese Kitchen Mansion House builder by any chance? Please answer if you choose to respond.

Slava
Guest
Slava
patriotz
Member

“Is it time for a class action lawsuit against the CRA for willfully ignoring their duties”

In general, it’s persons (human and corporate) who have a duty to obey the law, not the Crown to enforce it. Even in cases where the Crown neglects to enforce the law against someone and a third party suffers direct harm, it’s hard for the third party to claim damages. Never mind something like evading taxes which always happens and where there’s no direct harm to a third party.

Slava
Guest
Slava

The idea is to compel the CRA to do its job, as it is mandated to do by Canadian Taxpayers. Not doing the job and enforcing EXISTING Canadian Tax Law amounts to treason against the Country of Canada.
It is evident that the CRA didn’t do its job, by ignoring its auditors in 1996 and have continued with this practice to the present time.
Many Canadian Tax Payers can rationalize “Why should pay my taxes, if the CRA is not doing it’s job, and knowingly allowing massive tax fraud?”
It is obvious that by their actions they have caused this massive unaffordability in residential real estate in Vancouver and Toronto.

Billybonger
Guest
Billybonger

Oracle, what do you make of the dramatic decline in detached home sales?

Is the house you are currently building going up or down in value at the moment?

Slava
Guest
Slava

Is there a point in asking or are you offering more bait, so it can post more “rambling on”?

Oracle
Guest
Oracle

I think people that own and don’t own are scared. Buyers don’t want to buy because they think foreign buyers plays a role so prices will go down. Sellers don’t want to see at lower prices because they think the gov will come to their rescue (McCallum?) and keep prices high. So that is why low detached Sales.

My place whether it goes up or down is irrelevant. It only effects those with 2 or more properties when housing goes up or down.

I’d rather my kids and siblings have the ability to buy a place of their own rather than letting in countless immigrants and origin out those already here.

We don’t need rampant population growth in a limited land area. Who does density benefit anyways? Not my quality of life.

Patiently Waiting
Member
Patiently Waiting
Oh darn, you took down the post about amateur landlords. I had a couple of recent stories to tell. Know what? I’ll tell them anyhow… A young couple bought a house with a basement suite because their first baby was on the way. They found a tenant who seemed like a normal guy with a good job. That was until the police knocked on their door one day and they learned he randomly murdered an elderly lady out for her evening walk. Another couple I know, boomers on the Island, accepted a damage deposit for their basement suite from a new tenant. They returned it when the new tenant let them know she was moving out of a bedbug-infested building. They may have dodged a bullet on that one, but I guarantee that renter was less truthful with the next… Read more »
Newcomer
Member
Newcomer

Had a friend who bought a place with a suite in North Burnaby. Had the cops there for domestic violence for the first two sets of tenants. The third just didn’t pay the rent. He slashed the rent from 1.3K to 1K to get a single woman in the place (hoping for less hassle) and left it empty when she left less than a year later. The problem with renting out something cheap is that the people looking for that kind of accommodation aren’t the cream of the crop.

Patiently Waiting
Member
Patiently Waiting

At the same time, renting out a more expensive apartment may lead to the tenant trying to airBNB or sublet against the lease. Or worse, maybe even a drug dealer or grow-op.

http://www.theglobeandmail.com/news/british-columbia/with-home-prices-on-the-rise-vancouver-homeowners-become-mom-and-poplandlords/article31484002/

The story talks about how you can add “landlord” to your resume. Sure, not to mention social worker, crime scene investigator and pest exterminator.

squeak
Member
squeak

Well, that statement serves the landlords very well: Rent it out expensively and you will get a A1 tenant.

I am an A1 tenant, and b/c of that, I figure out that I am worth it, as in cut in rent:
pay rent 2 weeks ahead, quiet, no drinking/smoking, no pets/kids, working, gentle with the rental etc. In other words, you want quality, less headaches, there is a price. Pick your poison.

Billybonger
Guest
Billybonger

I guess the big question is will Oracle’s new house he is constructing going to be worth more in a hear than it is today?

Does a 60% decline in sales have any type of impact?

Oracle
Guest
Oracle

For the last time, it doesn’t matter whether the price goes up or down.

Prices only affect those with 2 or more properties.

Letting foreign money and countless immigrants in affects first time buyers.

Why are you trying to confuse the discussion by resulting to personal attacks?

And to the one that periodically posts as me, grow up. To the others, don’t dwelve from the real reason for the price increases. Trolls only out to confuse you

Shut It Down Already
Guest
Shut It Down Already

“For the last time…”

Let’s hope.

yvr2zrh
Member
Thanks for the plug. I spent some time on this and am doing some monitoring on a daily basis. Will look to update any changes in trends if they are seen. I also have several “war stories” from the front line. I have some mortgage brokers are very good at giving me some insight. They really are the front line as they also see how the credit markets are truly acting (as well as how people are emotionally reacting – – and I can tell you – people are super emotional and this market is emotion and fear driven). The one story I found interesting was one where a foreign buyer “substituted” their Perm Resident sibling on a deal to avoid the tax. It turned out the bank then denied the loan completely because they did not want any association… Read more »
Combat roach
Guest
Combat roach

“On another one – several Trump buyers are backing out for sure . . money coming from far away but there was no more money to pay the tax eventually – $200,000+ deposit gone . .”

https://www.youtube.com/watch?v=dKkb34h2D9k

Oracle
Guest
Oracle

Only reason I can think of is those dimwits Trudeau and McCallum stirring up the idea of ‘significant increases in immigration”

Dave
Member

The problem with anecdotes is that we seek out what we want to hear. We all do it to some extent and it can mislead us from reality. I could bring up some anecdotes that go the other way and suggest little expected market change. My expectation was for the August numbers to look worse than what I am seeing.

The numbers will tell the real story as to what is going on and I think we won’t know until November / December.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

http://seekingalpha.com/article/4001541-home-capital-group-time-re-charge-loan-loss-provisions
“Today’s report focuses on Home Capital Group (OTC:HMCBF)- a company that has been on the radar of numerous celebrity US short sellers (including Steve Eisman of “Big Short” fame). Some view the company as one of the best ways to play the Canadian ‘Housing Bubble’. “

Dave
Member

In my experience, it’s hard to profit off a ‘proxy’ trade. Stocks like this don’t always follow the market nicely. You can be completely right with theory but still walk away with losses. As an example, I always lose when I trade the VIX even when I correctly call volatility.

While I haven’t done any research, I would be surprised if there was a good way to short the Canadian housing market, short of a total meltdown scenario.

Hyper-mega-Bull
Member
Hyper-mega-Bull

By shorting hom capital these people have been completed wrong about the Canadian housing market buy still made money.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

I’m not quite sure what you’re saying here, Hyper. Don’t you think that the fact they are shorting this is an indicator that the housing market bubble is popping?

Hyper-mega-Bull
Member
Hyper-mega-Bull

No. Do you think home capital group is some kind of leading indicator? I don’t, but if you do that’s fine. How much does it lead? 6 months, 1 year, 2 years? What is your hypothesis?

Now that you have a hypothesis go look at hgc’s chart. It peaked 2 years ago. Meanwhile Vancouver and Toronto real estate took off.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

How would you short it in the case of a total meltdown scenario, then?

Hyper-mega-Bull
Member
Hyper-mega-Bull

I don’t know.

southseacompany
Member
southseacompany

“Canadian Pensions Selling Billions Worth Of Vancouver Real Estate”< Better Dwelling

https://betterdwelling.com/city/vancouver/canadian-pensions-selling-billions-worth-of-vancouver-real-estate/

"Canadian pension funds have quietly begun liquidating BC commercial realty. While some of have been unloading since last year, the coming weeks are likely going to see a storm of activity. Here’s our roundup of the three largest pension funds, what they’re selling, and how much they’re asking."

Hyper-mega-Bull
Member
Hyper-mega-Bull

Think less about other people’s situations and think more about your own. If people did that they would have better lives.

I’m reminded about that eyesbyes person on a different board who was criticized for buying a house in East Van the last time the market dipped post 2008. He did pretty well in the end.

Best place on meth
Guest
Best place on meth

It’s not yet the end.

HAMster
Guest
HAMster

Surrey schools are bracing for an influx of about 1,000 new students this fall, including about 300 Syrian refugees, according to the school district.

http://www.cbc.ca/news/canada/british-columbia/crowded-surrey-schools-expect-1-000-new-students-1.3731606?cmp=rss

Surrey’s population rose by 100,000 between 2005 and 2015 and it’s projected to increase by another 300,000 in the next three decades.

Billybonger
Guest
Billybonger

Oracle, I’m just wondering if the house you are building right now is, all things being equal (ie at various stages of construction), is worth more than it was 90 days ago, and what the trend will be (up vs down) over the next 90 days.

That’s all.

With detached home sales off so harshly I’m just wondering if that means prices are going up or down.

Just using your situation as a proxy, that is all.

Oracle
Guest
Oracle

Just know that the lot is worth about $300,000 more than I paid for it.

Building costs are obviously separate.

I’m not building to sell.

I got out of the market in summer 2014 after reading Garth and this site. Saw what was happening with temp immigration and went back in market and bought lot last year just before the spike.

Lost about $100K in a sense being out of the market for 1 year.

Now prediction that rents are going to soar because of this temp immigration increasing. But being laughed at.

Guess we will see who has last laugh.

Newcomer
Member
Newcomer

Let me guess, you are building a suite in your place and the rental income is essential to you, so you come here 18 times a day trying to convince yourself that it’s all going to be great.

Oracle
Guest
Oracle

Sure there will be a suite. Will use the $ to pay the property taxes and utilities. House should be paid off but might keep a $100K mortgage on it to prevent mortgage fraud. Or I may take 200K equity out and
buy a winter home in Arizona or the coachella valley.

What about you? Do you own or rent? Do you have a great portfolio ?

HAMster
Guest
HAMster

Oracle said two suites if I remember correctly. I personally would not want strangers living in my basement doing who knows what at all hours. He is convinced that is the way to go, so to each their own.

Oracle
Guest
Oracle

Yup. Doubling or tripling the foreign students PR intake is goin to be like two or three QIIP programs.

Or two immigrant investor programs. And all levels of gov just said they want foreign money coming here. They call it “investment”

Madashell
Guest
Madashell

McCallum: Canada will also consider reviving a twice-failed federal investment visa scheme that was popular with the mainland as a fast-track pathway to citizenship.
http://www.scmp.com/news/hong-kong/politics/article/2003355/canadian-minister-wants-attract-more-chinese-his-country
This is shocking and after Kenney stopped it and called it a scam and (drunken) McCallum wants it back. Isn’t there enough corrupt money in BC yet?????

BubbleTea
Guest
BubbleTea

The Chinese communist had taken over Vancouver, now Trudeau and McCallum wants to give them the rest of the country.

Combat roach
Guest
Combat roach

Tremens Delirium…

WTF is he saying here?

“I would not say no for sure to such programmes if we could do it well, if it could really generate investment and lots of jobs. But I’m sceptical given the experience of Canada and other countries,” the minister said.

franko
Member
Active Member
franko

“WTF is he saying here?”

Pass the bottle.

Best place on meth
Guest
Best place on meth

“Asked if it was legitimate to sell permanent residence through investment visas, McCallum said that was “open to question”.

So in other words, McCallum is in favour of bringing back the head tax, and today’s chinese people will trip over each other for a chance to pay it.

Best place on meth
Guest
Best place on meth

30 years from now the immigrant investors will start to demand apologies, compensation and redress for the money they were forced to pay in order to come to Canada. When they’re all dead their children will continue the fight on their behalf, then the grand children who will claim the anguish and suffering was passed down to them.

And around and around we go.

Combat roach
Guest
Combat roach

What else would locusts do? Have to have some long-term project.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

He should at minimum distinguish between different forms of investment and not say “investment” full stop, as if it doesn’t matter what you invest in. I should think at minimum he should do that, whatever is political or economic ideas.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

is = his

Oracle
Guest
Oracle

Exactly. That’s why detached homes are going to go through the roof.

It’s simply a numbers (immigrants) and foreign money (they call it investment) game now.

Shut It Down Already
Guest
Shut It Down Already

SFH prices are high due to people speculating on future density increases in the middle of the lowest interest rates in history whilst the government pours fuel onto the fire in the name of “increasing affordability”.

Any talk of immigration is a distraction favoured by Trump supporters.

Best place on meth
Guest
Best place on meth

Oracle, are you a Trump supporter?

That’s what the prick is insinuating.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

“Any talk of immigration is a distraction favoured by Trump supporters”

This is a cynical or ignorant attempt to shutdown dissent by poisoning the well. Trump is irrelevant. It is completely appropriate to debate alternative immigration strategies in Canada in relation to the economy of BC .

Shut It Down Already
Guest
Shut It Down Already

You have the stats. 90% of sales are to locals. This is being conveniently ignored by some.

Best place on meth
Guest
Best place on meth

McCallum is older than the dirt he sleeps in.

chilled
Guest
chilled

Just call him “Santa McCallum” for short, every time he opens his mouth he is giving something away, something that isn’t his to begin with. Another wealthy baby boomer guilted into giving away the farm, before asking us, the farm owners, if it is OK.

Blast From The Past
Guest
Blast From The Past
yvr2zrh 3 years ago http://vancouvercondo.info/2012/09/paying-debt-with-debt.html#comment-174247 All in – we are set for a slow deflation of the excessive prices. Could we come down 40% (or more) accross REBGV? Maybe. Again – it’s all driven by the need for some people to sell. Nobody has to buy – it’s just – how many have to sell. Without anything precipitating sellers to have to move, we will be in this continuous standoff and slow declining prices. Each price reduction will set a new bar. Some markets have more downside risk than others. Downtown condos may only have 30% downside risk (since they have had little appreciation in 5 years) while West Side and Richmond land values alone likely have 60% downside risk from their peak (this would put 33×120 in Dunbar at approx 600K – which is still a high number). We… Read more »
Blast From The Past
Guest
Blast From The Past
yvr2zrh 4 years 1 month ago http://vancouvercondo.info/2012/06/friday-free-for-all-210.html#comment-163309 As for the impact of the new mortgage rules, I have some thoughts. The maximum mortgage available to the entry level buyer is now lower. First time buyers can borrow less and banks now have 100% of the risk for houses over $1 million. Thus creates issues at both ends of the Vancouver market. The bottom has to go lower – it has to. If you have the lowest priced unit for sale, you are going for that lower end buyer. What they can afford to pay is now less, and thus, the price will come down. At the top end, there is less liquidity for all market participants (especially offshore buyers who now must have income proof to obtain funding). We are already seeing the top-end slow down. Watching this is a… Read more »
Best place on meth
Guest
Best place on meth

What’s your point?

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Every time in the past when I was so sick I thought I would die, I didn’t die. Therefore I shall never die.

AmIrite, Blast?

Blast from the past
Guest
Blast from the past

You’re saying that yvr2zhr is as good as a stopped clock and at some point he’ll be right because even a stopped clock is right twice a day.

And this comes from his supporters!

Best place on meth
Guest
Best place on meth

I believe what you are feebly trying to imply is that because he was wrong in the past, he’ll also be wrong in the future.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Blast,I don’t think you got what I was saying. Sorry if I didn’t make it clear enough. I wasn’t talking about yvr2zhr’s reasoning, I was talking about yours, Blast.

Blast from the past
Guest
Blast from the past

Then your using a bad analogy. Here is a better one: if a doctor keeps giving you the wrong diagnosis why would you keep listening to him?

This is assuming he isn’t intentionally deceiving people with made up stories.

Best place on meth
Guest
Best place on meth

You’re comparing a medical diagnosis to a real estate market diagnosis?

And you actually think this is better than the analogy you’re critisizing?

Blast from the past
Guest
Blast from the past

You’re right, I’m wrong. You should keep listening to yvr2zhr. He has good advice. Have a good night 🙂

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Blast, my analogy is exact. I exactly captured the form of the reasoning that you were using.

Shut It Down Already
Guest
Shut It Down Already

You win no points for saying that what has historically been a cyclical market will correct one day. That’s like saying that you’ll be proven correct if you insist that the price of oil will recover next month when it actually takes 8 years.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

The issue is not about being “right”. It’s not about ego, it’s about the economy. The long term claim is that this crap is unfuckingsustainable.

xyz
Guest
xyz

CDN $ was at par in 2012 if I remember correctly…and has weakened a lot since then among other things like BoC rate drop….
You actually brought up a good point Blast. Makes me wonder if it’s even more precarious now than before….but I refuse to make predictions of course.

yvr2zrh
Member

Have a look at the price movements in general from 2012 to late 2014. You will see there was some impact that eventually was counteracted by other market forces. This will be the case in Vancouver again. We will have an initial impact from this tax – maybe this impact will last 2-4 years and the maximum downside will be 30%. Then something else will make it go higher. As much as there are speed bumps (or walls) along the way that make the market fall – the long term will always be higher just because of the constrained land supply and population growth. The only way to have a long term decline is to turn into Detroit – and that just won’t happen.

Tcg
Guest
Tcg

OMG not the running out of land thing again!? Have you looked around the CoV at all? There is loads of low rise and wasted industrial ripe for rezoning. And suburbs for infinity. This is Canada. We are definitely not short of land.

Hyper-mega-Bull
Member
Hyper-mega-Bull

Lol… Titantic

MarKoz
Member
Active Member

yvr2zrh was making perfectly valid point based on what was happening in the market at the time. 3 and 4 years ago the market was slowing. I remember there was a “Flippers in Trouble” blog. Then, the oil crash happened, our dollar plummeted and wealthy Chinese rushed to get their money out as the PRC slowly began to lower the value of the Yuan.

The last 2 years have seen a completely different set of circumstances than when yvr2zrh wrote those posts.

Hyper-mega-Bull
Member
Hyper-mega-Bull

Comparing the market to the Titanic is perfectly valid… Yeah OK.. bearlogic.

People who have been wrong for more than a decade aren’t going to be convinced about anything. I already know that.

paulb
Member
Active Member

New
165
Sold
110
TI:9508

http://www.paulboenisch.com

Best place on meth
Guest
Best place on meth

Woooo!! 110 sales!

That’s a lot of sales, right Oracle?

Strong market, it is. Must be those supervisas.

Oracle
Guest
Oracle

That is a lot of sales in the month the 15% tax is introduced. If there was true fear, we would have had sales under 50 every single day this month.

Best place on meth
Guest
Best place on meth

15% tax?

Out of those 110 sales, 4 were detached in Vancouver.

3 of those 4 sales were actually from July.

So…..1 sale was post tax.

Adult huggies
Guest
Adult huggies

That was sobering

Best place on meth
Guest
Best place on meth

If anyone is interested, 3 of those 4 sales were on the west side with 2 of the 3 being a land assembly.

661 & 675 W. 33rd, right next to QE Park sold for 4.48 each, asking price was 5.0, sale date was June 30, 8300 sq ft per lot.

yvr2zrh
Member

That last assembly was even before the tax was announced. Probably late reported because they were hoping to get out!!! BPOM – since you seem to have some ability to get info. I have a request – – when we get to September 1, have the report run to pull all SFH sales in REBGV area from Aug 2 through Aug 31. This will give you the sales where the subjects really were removed post tax. Then we can find out how many properties were actually from the new tax period and not just late reported sales from July. It would be interesting.

Best place on meth
Guest
Best place on meth

yvr2zrh,

I don’t have that kind of access like the realtors do, mine is very basic where I can only follow a specific area and submarket, and check the sales details manually one by one.

No reports can be run with a PCS account.

vangrl
Member
vangrl

I thought Paul’s stats were recorded when the board records a sale, which (from my understanding) is usually 24-48 hours after a firm deal (subjects removed).
In this scenario, every sale this month would have happened this month, besides the first one or 2 days of the month.
Guess I’m wrong.
So are Paul’s sales recorded after Land Title changes hands?

Thanks

patriotz
Member

You are right, a REBGV “sale” happens when conditions are removed (or there are no conditions in the first place). But I think your window is too small, 5 days for offers with conditions is more like it.

vangrl
Member
vangrl

wow, crazy stats

Delusional bloggers
Guest
Delusional bloggers

Wrong detached stats

ttul
Member

How do you know that three were actually from July?

Best place on meth
Guest
Best place on meth

Because the sale date says it was sold in July.

But it only became an “official” sale and part of the stats yesterday.

Oracle
Guest
Oracle

I find that this site doesnt want to handle the truth. Just because i bought based on numbers last year, i’m evil? good grief!

Best place on meth
Guest
Best place on meth

Nobody called you evil, don’t be so sensitive. Are you sure you’re Indian, that kind of butthurt sensitivity just screams chinaman.

Openhousemassacare
Guest
Openhousemassacare

YEAR AGO SAME AMOUNT OF SOLD PROPERTY IN AUGUST 28/16

New Listings 132
Sold Listings 100
TI:12076
http://vancouvercondo.info/2015/08/friday-free-for-all-slackers.html

Guest
Guest
Guest

1 year 6 days ago – Sold Listings 150
1 year 5 days ago – Sold Listings 186
1 year 3 days ago – Sold Listings 239
1 year 1 day ago – Sold Listings 94
11 months 27 days ago – Sold Listings 187
11 months 23 days ago – Sold Listings 178
11 months 22 days ago – Sold Listings 146

Oracle
Guest
Oracle

more sales today than this time last year.

Ktown
Guest
Ktown

The 94 sold would be the day after a long weekend. Never many sales on days like that. If you look at the 3 days before and after you have an average of 181 sold. Thats a pretty substantial drop considering last year was a good mix of sfh/townhome/condo and this month has seen the ratio of sfh greatly reduced.

xyz
Guest
xyz

Hong Kong newspaper reveals CRA knew impact of foreign cash on Vancouver real estate in 1996

http://www.news1130.com/2016/08/18/hong-kong-newspaper-reveals-cra-knew-impact-of-foreign-cash-on-vancouver-real-estate-in-1996/

Openhousemassacare
Guest
Openhousemassacare

This idiot trying to sell this place for $1,079,000 that he bought for $633,000 last year trying to flip it but it is going to be a loss for this asshole.

http://www.rew.ca/properties/R2102680/502-110-switchmen-street-vancouver

Openhousemassacare
Guest
Openhousemassacare
Blast from the past
Guest
Blast from the past

At the risk of giving someone who doesn’t deserve it too much attention… I have to wonder, is yvr2zhr none other than the infamous VHB who called the market a bubble way back in… What was it… 2005? and started the whole Vancouver real estate denial online community?

The fact that he only pops in here when the market is potentially at risk like VHB used to do makes me think they are the same person.

yvr2zrh
Member

Sorry – not me. I’ve been busy and also had nothing to say for a while. Also – what other insight could I offer in February other than “Market is really hot. Inventory is really low. People have money to buy. Large amount of foreign cash. Prices will go higher – possibly even another 20% by the end of the year”.

Would not have been much insight.

Blast from the past
Guest
Blast from the past

So you could have correctly predicted what the real estate market was going to do but didn’t because it wouldn’t be insightful? Is that a joke? Sarcasm doesn’t come ac cross well on the Internet.

Openhousemassacare
Guest
Openhousemassacare
CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

May will be a perfect time for her and her party to lose.

Best place on meth
Guest
Best place on meth

Nice job with the demographics, putting a chinese and Indian face at the forefront of the ad.

Openhousemassacare
Guest
Openhousemassacare

Looks like new slogan for BC means Brown & Chinese people

Best place on meth
Guest
Best place on meth

She’ll dress up in costume to pander for votes as long as the numbers are there.

Chinese – check

Never mind that she’s celebrating the communist takeover of china and subsequent mass-murder, torture and oppression.

https://www.youtube.com/watch?v=ACNtorkNKGU

Openhousemassacare
Guest
Openhousemassacare

Looks like Greg Robertson also there to celebrate. what are odds of that not happening ?

bullwhip29
Guest
bullwhip29

imho she’ll do a lot more than just this if needed…you watch

bullwhip29
Guest
bullwhip29

must also watch non english channels where the real juicy stuff will air

Best place on meth
Guest
Best place on meth

India – check.

Big numbers there as well.

https://www.youtube.com/watch?v=30lqnjDdLtU

Openhousemassacare
Guest
Openhousemassacare

Best comment from the video – IvanDrago0223 years ago

I wana fuck Christy Clark

Best place on meth
Guest
Best place on meth

Philippines?

Sorry, your voting numbers are not quite there yet, but you are growing quickly and I may dress up as one of you next year.

In the meantime, I swear to god that I’m Filipino in my heart.

https://www.youtube.com/watch?v=z9Y8igju_Ow

Openhousemassacare
Guest
Openhousemassacare

She will sleep with a homeless guy with AIDS if that will get her a vote.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Worse than that: she’ll utter completely vacuous inauthentic comments at every speech without ever going off script long enough to explain herself and make it sound like she owns any of the “thoughts” she has.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Just to get your vote.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

In case I have not made myself clear: WHO is running this province? is my question.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

I don’t follow politics that closely, but I wonder if people think the following is correct: She is really really good at ‘staying on message’, never straying off. The message is so sparse one doesn’t have a clue what might be meant or how suggestions might be implemented. Here’s my question. what does it mean when you get a politician who is really good at ‘staying on message’, while at the same time the message is vague and could mean almost anything? I don’t like the combination of those two things.

bullwhip29
Guest
bullwhip29
CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

I like Horgan’s response at the end insofar as he gets very specific, mentioning several specific cases that disprove what Clark says (insofar as she can be deemed to be ‘saying’ anything at all). Also interesting that the news channel repeats a particular portion of the video several times.

Openhousemassacare
Guest
Openhousemassacare

@Southseacompany can u add these two ur YouTube channels

https://www.youtube.com/user/southseacompany/videos

Openhousemassacare
Guest
Openhousemassacare
Delusional bloggers
Guest
Delusional bloggers

110 sales for VREB area.

4 detached for subset area Vancouver Westside. Does not include Eastside, Burnaby, Richmond…

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
Openhousemassacare
Guest
Openhousemassacare

These lines are so true today

Smile, it’s all part of globalism. You’re shrinking your ecological footprint while your politicians, policy-makers, beancounters and banksters “bring the Third World home,” in the words of MIT media critic Noam Chomsky. –

Hyper-mega-Bull
Member
Hyper-mega-Bull

Bank of Nova Scotia, Royal Bank, national Bank, bank of Montreal made new highs yesterday.

Jzc
Guest
Jzc

It seems BC liberal will win again. People who vote are home owners .
http://www.threehundredeight.com/p/british-columbia.html

bullwhip29
Guest
bullwhip29

nothing is as it seems at this early stage of the game. this said, these numbers should be of concern to the liberals who have lost considerable ground since the last election. krusty is also widely believed to be the least effective premier in the country and could wind up getting the boot if any of the green and/or conservative support were to shift to ndp

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Re: “People who vote are home owners”
People who vote are also(1) parents with kids in the school system, (2)teachers in the school system, (3) users of public transit, (4) believers in the motto that man does not live by bread alone and lovers of beauty, (5)aware of and educated about a broader range of what is possible than those currently influencing the direction of things (whether self-educated or formally educated through university); (6) aware in particular of the negative and positive effects of globalization and the negative aspects of lack of action on climate change and lack of respect for the land, our mother, (7) creatures who want to breathe air (defined in terms of a specific composition of proportions of oxygen and other elements).

UBC in Crisis Mode
Guest
UBC in Crisis Mode

Was Christy Clark supposed to lose in last election? Voters benefited by selling their properties to foreign buyers. Few would care what is right and wrong.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

I think by this time people have more things on their minds. I might be projecting… I’ll have to talk to a lot of people to make sure I’m not

Best place on meth
Guest
Best place on meth

Krusty has an approval rating of 30%.

If Horgan runs even a half decent campaign and attacks her mercilessly on her lack of ethics, he should knock her off without much difficulty.

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