We will be seeing a drastic change to the RE credit market in the coming year. Bubbles are always driven by cheap and easy access to credit. Both cheap and easy are getting more costly and not so easy for a large part of the market. All the sub prime borrowers and over leveraged that got sucked into the market are going to get a rude awakening soon. That is not just the first time buyers but those with equity who took out HELOCs and those that bought second and third properties. Credit will simply not be available going forward at anywhere close to their current rate.

CRA would rather audit a waitress for her tips than chase after some real estate flipper or money laundering Asian. Low hanging fruit and all …

Their overseas bank accounts are full. It’s you the local working stiff who pays taxes that will bear the brunt of a downturn.

ICBC is Campbells fault because the leverage pigs saw a savings account, and felt they were Entitled to raid it?

ok, so they raid it, and WhatdoYouKnow, they need the money.

important lesson here for Mortgage greed pigs facing insolvency. Watch what happens to ICBC, it will be an underwater map that takes you outta Scapa Flow……. or, will you choose to scuttle the housing fleet?

boy oh boy, read this choice outflow.

“REINZ chief executive Bindi Norwell blamed the Reserve Bank’s loan-to-value ratio (LVR) restrictions and access to finance as two of the main reasons for the slowdown in the market, and called for the LVR restrictions to be eased for first home buyers”

to hell with ‘restrictions’ and ‘access to finance’, let em have it… but Mr Banker, it’s time to raise rates, and not slow,or moderately, or calmly… Third world has gone total apeshit locust.

Again, Check valley prices. Up 60% in last 24 months. With interest, it’ll take a half a lifetime to pay for the price increase. And you really think NDP is going to bring them down to 2015 levels??

These assholes won’t even mention housing.

Check out the benchmark for Abby prices. Decent ones approaching a million.

Prices generally up for starter detached by $350,000 in last 24 months…AND NDP SILENT SILENT SILENT.

Write, text or tweet to them otherwise, they gonna do nothing. Im giving them until end of Aug to talk down the market. Otherwise they need to be brought down.

the no-deal-party should confiscate these never-lived-in condos, and hand out freely to those whom don’t want the pipeline. it’s a win-win for the no-deal-party and the green!

here is further proof of the Famous correlation. Rate of Refinancing 0.82 positive correlation to prices:

the example is a blistering missile, and massive smoke coming out the bore hole. We are talking Eye Watering.

http://vancitycondoguide.com/vancouver-homeowner-refinancing-surges-27-year-year/

check out this LINK, the rate of Refinancing in Abbotsford. Then wander over to Myrealtycheck to see the living Beast of a Bull Trap. The Beast is everything The toilet moron says he is.

Stop lying, the media has covered this.

And you clearly don’t even know what “net neutrality” means.

In fact, didn’t you say you were out of here for the weekend? Another Oracle lie.

“In November, the former government claimed costs were so high, the Liberals were looking to privatize insurance for these vehicles.
But despite the press conference and the promises by then-Transportation Minister Todd Stone, that never happened, an ICBC spokesperson confirmed.”

Another failed Liberal promise.

Fake news. The vast majority of claims dollars are for personal injury and the costs associated with those claims. Injury risk is the same for all vehicles or maybe less in an expensive vehicle with better safety equipment. If they want to lower costs they must reduce injuries, fraud and the cost associated with litigating it.

Must be tasty food as long as tax isn’t paid.

Nice of the NDP to thank the naive. Trudeau never even bothered.