San Francisco Prices on a Columbus Ohio income.

Vancouver seems to be getting a lot of attention right now for the disparity between house prices and incomes:

The median cost of a Vancouver home, adjusted for purchasing power parity, is US$672,000 — costly but still 15 per cent to 26 per cent below that of San Jose and San Francisco, the two most expensive housing markets, according to Andy Yan, director of Simon Fraser University’s City Program, whose study accounted for the difference in buying power of a dollar across geographies and currencies.

What pushes Vancouver to the top of the unaffordability rankings is paltry wages. In Canada’s third-largest city, the median household earns the equivalent of US$61,036 a year — in line with Columbus and less than families in Omaha, Nebraska, Kansas City, Missouri and even Lancaster, Pennsylvania, a rural community of 59,000 known for cornfields.

fortunately the solution is simple: cut house prices in half or double up current household incomes. Read the full article here.

Sort by:   newest | oldest | most voted
Slava
Member
Slava

What The Chinese Think Of White Foreigners | ASIAN BOSS
https://www.youtube.com/watch?time_continue=171&v=ctbLEQCuJUg
Seems opposite to what some claim Chinese think of Whites here in Metro-Vancouver?
Thoughts?

Sinophiliac
Guest
Sinophiliac

Chinese worship whites. It is well known. Some Chinese resent this and develop an antiwhite chip on their shoulder

Lost...but not leased
Guest
Lost...but not leased

What do they think of SIDA with the dirty knees ?

Dave
Member

It actually is worse than they point out because our City is also very expensive and we have less disposal income compared to other cities. We pay more in taxes and have high costs for things like car insurance and fuel.

The obvious explanation to all this is that foreign money has distorted our market.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

RACIST!

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Dumb fuck thinks he can make derogatory comments about Mexicans and then try and claim that he’s not a racist prick.

Slava
Member
Slava

A psychiatrist is your friend:)

Best place on meth
Member
Best place on meth

Fuck the shrink, a firing squad would be far more appropriate for this piece of shit traitor.

Lost...but not leased
Guest
Lost...but not leased

SIDA is a regend in their own minds.

Laibach
Member
Laibach

Right on, the foreign money not only distorted our market but immensely ruined society given the pace and source where it came from.

Best place on meth
Member
Best place on meth

I’m going out on a limb here, but I think Ohio has very few chicoms buying real estate there.

I know, call me crazy.

bullwhip29
Guest
bullwhip29
Best place on meth
Member
Best place on meth

In 2014, everyone wanted to lie down with those fucking chinese dogs.

Now almost everyone has seen how evil they are.

paulb
Member

New
283
Price Change
131
Sold
70
TI:12819

http://www.clivestevepaul.com

Specuskeptic
Member

Waaaare peeeek?

Best place on meth
Member
Best place on meth

Resident liar said we’re at peak and resident asshole said we’re just about there, whatever that means.

Both clowns make excellent contrary indicators.

With sales at severely depressed levels the peak might not come until October.

Oracle
Guest
Oracle

You should be running out and buying then. Or do you think the slowdown will last years??

Hahaha. 1 million more people here in less than 20 years.

Bag it and tag it
Member
Bag it and tag it

delusional

Shut It Down Already (original)
Guest
Shut It Down Already (original)

When you’ve been wrong for a decade you need to manufacture opportunities, I suppose. Whatever makes you feel better…

Best place on meth
Member
Best place on meth

Both clowns answered to their derogatory names, excellent.

Oracle
Guest
Oracle

12679 and now 12819. Statistically insignificant but then again you probably only got a C in Grade school math 12. Oh wait you didn’t even take math 12? Hahaha. That explains it.

Specuskeptic
Member
Shut It Down Already (original)
Guest
Shut It Down Already (original)

We are close to the peak in terms of both timing and inventory. The exact number or day is irrelevant.

Best place on meth
Member
Best place on meth

You’re irrelevant.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

You’ve been wrong for a decade. No wonder you’re angry and have to gamble on weed stocks and advice from Zero Hedge.

Lost...but not leased
Guest
Lost...but not leased

SIDA has a clystal barr…

PS We are about to triangulate its position….

TrollerOfTrolls
Guest
TrollerOfTrolls

What was your p-value that made this statistically insignificant? You shouldn’t use large words if you don’t understand their meaning…

Oracle
Guest
Oracle

So what time does this peak happen. Before 12pm or after. Have to get it at the exact time or else will be told I’m wrong by a few hours.

TrollerOfTrolls
Guest
TrollerOfTrolls

It’s because whether or not this is peak doesn’t actually matter. What matters is whether or not Government policy, Central Bank rate increases, and bond rate increases are having an effect on house prices; listing count is just one of the pieces of data that we can use to draw our own conclusions.

What you do is make many predictions so that you are statiscally bound to get one right and when you do, you broadcast to this board (and probably elsewhere) that you are the “Oracle”. This isn’t helpful when most on this board are trying to have a meaningful discussion about real estate in Vancouver.

Just me
Guest
Just me

Wonderful numbers. We are in land-discount territory now. Better not overpay for your RE!

Lost...but not leased
Guest
Lost...but not leased

Steve Saretzky latest said Richmond is basically dead..

………Marpole properties assessed at $2 Million are selling for $1.4 Million.

People that buy now are either caught in a bulltrap…or downsizing having cashed out.
Smart people will avoid RE like the plague…a $hitStorm is on the horizon.

Name
Guest
Name

Pretty much the same numbers for Burnaby.

Oracle
Guest
Oracle

Saretsky is another GT. Don’t let it take you years to figure this out. Same goes for better dwelling.

Best place on meth
Member
Best place on meth

You just cant trust anyone these days.

Except for Oracle.

That guy always tells it like it is.

Simple Solution
Member
Simple Solution

Yes, can’t trust Steve… who works in the industry and doesnt hide behind an unregistered alias on a real estate blog….

Unlike Oracle – totally trustworthy with his “sources”

southseacompany
Member
southseacompany

“Housing market is cooling off nationwide with both prices and sales down”, Star Metro Vancouver

https://www.thestar.com/vancouver/2018/07/16/housing-market-is-cooling-off-nationwide-with-both-prices-and-sales-down.html

“Ian Watt, of Sotheby’s International Realty, said it’s important to consider that even if the number of home sales has risen over the past couple of months, doesn’t mean that the market is getting stronger. In Vancouver, the market is cooling off, and we’re seeing a price correction, Watt said.”

“Definitely in Vancouver everything is down. The only thing that is up are the listing counts,” he said. “The amount of transactions are down, the prices are down and it stays on the market longer.””

bullwhip29
Guest
bullwhip29

Former B.C. premier to lead inquiry into Ontario Liberals’ spending
https://bc.ctvnews.ca/former-b-c-premier-to-lead-inquiry-into-ontario-liberals-spending-1.4017012

CRA221
Guest
CRA221

Werre Gordie?

patriotz
Member

“Former B.C. premier to lead inquiry into Ontario Liberals’ spending”

Gordo to be paid $50K for 6 weeks work. Nice work if you can get it. Well look at the bright side – assuming he’s still a BC resident, he’ll be paying BC income tax on that.

https://www.theglobeandmail.com/canada/article-doug-ford-to-announce-inquiry-into-previous-liberal-governments-2/

bullwhip29
Guest
bullwhip29

The number of vehicle collisions in our province is at at an all-time high, according to the latest numbers from the Insurance Corporation of B.C.
https://globalnews.ca/news/4336802/bc-crash-statistics-2018/

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Unsurprising. The number of cars is at a high as well.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

As are the number of drivers from Mainland China.

Both are facts, is either racism?

Best place on meth
Member
Best place on meth

Please stop asking the dumb cunt about what constitutes racism.

You already know how low his bar is, that it only applies to white people, and you only encourage the little clown to spout off.

Thank you.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

And that’s why you only voice your toxic opinions when you think you’re anonymous?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Not if you’re stating a fact. But that’s not what you’re doing – you’re implying a causal link.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

I’m implying a complete and incontestable link.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Facts are Facts. Just becuase they are recorded offically doesn’t mean they aren’t true.

bullwhip29
Guest
bullwhip29

according to ICBC stats the number of vehicle crashes increased by 26.9% from 2012-2016 as compared to a corresponding increase in policies in-force of only 10.5%
https://www.icbc.com/about-icbc/newsroom/Documents/quick-statistics.pdf

>>> so, the only two plausible explanations for this are (1) people are getting into accidents more frequently and (2) the number of drivers who are unaccounted for with either no licence and/or insurance has spiked dramatically

Lost...but not leased
Guest
Lost...but not leased

We went on a 3 week road trip into US….Washington, Oregon ,California, Arizona,Nevada, Utah, Idaho…

We were in the major cities …..5 days in LA…I counted 5 (FIVE)accidents the whole trip…
US drivers are waaayyyy better.

NDP will never admit ICBC has been a TOTAL failure….they don’t dare fix the obvious.

Bag it and tag it
Member
Bag it and tag it

The failure is with immigration…too many people coming with the express purpose of scamming…and insurance fraud is one of their favourites.

Simple Solution
Member
Simple Solution

there is NO reason for the government to be in the insurance business….

Best place on meth
Member
Best place on meth

There is if the service is compulsory and the point is for it to be not for profit, ie more expensive.

If drivers did not have to buy insurance then yes, no need for government to be in the business.

How they run this mandatory insurance business is a whole other topic of discussion, as the BCLibs have shown us.

Name
Guest
Name

Did you have any troubles with the police? I hear they prey on Canadian drivers; unwarranted traffic stops and tickets and general harassment.

Name
Guest
Name

We need to get back to having adjusters from ICBC doing the damage estimates because the bodyshops pad their bills too much.

Oracle
Guest
Oracle

Owning a body shop is like hitting the jackpot these days. They pay about $135/hr labour whereas the bodyshop pays its works max $25/hr

Oracle
Guest
Oracle

Temp immigrants driving here on foreign licences. Some can’t drive while others pulling scams.

paulb
Member

New
285
Price Change
102
Sold
136
TI:12869

http://www.clivestevepaul.com

Specuskeptic
Member

13K by Friday?

Screwed
Guest
Screwed

By Monday.

Best place on meth
Member
Best place on meth

Will that be the “peak”?

Oracle
Guest
Oracle

If it is, are you going to buy?

Specuskeptic
Member

You should call peak again. You’ll get it right eventually.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Call the peak everyday for two weeks or a crash every spring for 10 years? You decide.

Best place on meth
Member
Best place on meth

Who exactly was calling for a crash last spring and the spring before that, and the spring of 2015?

Name names, provide examples or else shut the fuck up you bloated bag of methane.

Bag it and tag it
Member
Bag it and tag it

A) it won’t be the peak
B) if it’s the peak, that’s the peak for this year…we’re just getting starting here. You on the other hand should strongly consider and Abbotsford townhouse..I hear they’re rapidly approaching $700K

Name
Guest
Name

Rich Coleman not running for Surrey Mayor:

https://www.news1130.com/2018/07/17/rich-coleman-not-running-surrey-mayor/

because he thinks he will be in jail soon?

Best place on meth
Member
Best place on meth

At the very least under investigation soon.

He also realized that the new NDP ban on corporate donations in civic elections will make it impossible for him to buy the office.

realist
Member
realist

An expedient decision on his part, likely motivated by his reluctance to face more pointed questions regarding his handling of the now-apparently-so-flagrant-even-a-child-could-see money laundering in B.C.’s casinos. If elected mayor, then sent to jail, would he not be forgoing the opportunity to engage in”double dipping”, that is, the sourcing of 2 separate emoluments funded by the taxpayer? And as he is a former police officer, and of an age to apply for his police pension, perhaps he could become a “Triple Crown” winner as a triple dipper? The man is not thinking big enough!

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Luckily for taxpayers with his weight he’s unlikely to collect for long.

Best place on meth
Member
Best place on meth

1541 E 14th, listed 1.575, sold 1.35

3553 Triumph, listed 1,399, sold 1.2

5769 Kerr, listed 1.599, sold 1.4

FYI, nothing on the east side is selling anywhere close to the REBGV mythical benchmark of 1.5M.

would-be buyer
Guest
would-be buyer

Is 1541 a duplex? If so, that means duplexes have doubled in price in 4 years. You could buy an east van duplex for $700-800K in 2014. I would sell out as well. You could buy a HOUSE in 2013 for $900K.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Yes. Assessed at $1.258. So sold well over assessed.

The lemmings are grabbing whatever they can afford. They think they got a deal!

Pain and lots of it on the way.

Best place on meth
Member
Best place on meth

And on the west side…..

7637 Granville, listed 3.9, sold 3.0

3619 Blenheim , listed 4.388, sold 3.65

1658 W 58th, listed 2,988,888, sold 2.59

Laibach
Member
Laibach

It doesn’t look good. If locust is temporarily isoleted and somewhat kept under control with strong repellents (money-outflow, limited laundering, fbt) then who is buying shit over 2, 3, … millions?

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Still $2.6 for a house built in the 50’s. We have a long way to go to get back to sanity. This place should be under $1 mil.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Another nail in the Financial Post today

TORONTO — Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show.

Unlike tax authorities in the United States and the United Kingdom, the Canada Revenue Agency (CRA) does not verify income for lenders, even with taxpayer’s consent.

That may change, as Canada’s overheated housing market draws comparisons to the United States in the years before the subprime mortgage crisis, made worse because many borrowers overstated their income.

Oracle
Guest
Oracle

This is a game changer.

This they will never allow it here.

MAKE TRUDEAU A DRAMA TEACHER AGAIN!
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN!

Not sure what you mean by “here” and who won’t allow it? This looks to be a Canada wide policy they are trying to implement. It would be hard to see any reason not to do it.

Does this affect anyone you know who might be in the market for an Abbotsford Townhouse?

I would imagine a lot of self employed people would be completely shut out of the market.

Name
Guest
Name

A Minute with Bill Good

https://www.news1130.com/audio/minute-with-bill-good/

He is speaking on throwing in the towel to single family inner city neighbourhoods. “There are no simple solutions” he says
Well yes Bill there are simple solutions:
Get the speculators out of the market.
Stop foreign buyers.
Eliminate money laundering in real estate.
All of which the BC NDP are doing. Bill needs to get his head out of his ass and stop shilling real estate (Capital Direct, etc.).

SilentBob
Guest
SilentBob

I listen to CKNW on my commute and am fairly regularly disappointed by how biased it is. Granted it’s a media outlet (Shaw), and I shouldn’t be surprised that they toe the line set by their advertisers, but still. Bill Good is an absolute whore to the companies that sign his paycheque (Capital Direct in particular), and his opinions should be regarded as nothing more than paid advertising.

Just me
Guest
Just me

Bill Good lost any shred of dignity many years ago. He has sold out to the RE lobby, which made him a rich man.

Bag it and tag it
Member
Bag it and tag it

He’s right, there is no simple solution…but for him the solution is increased affordability while owner’s equity continues to grow. Captial Direct’s business model goes to shit as soon as equity shrinks…so solutions that lower prices/equity is a non-starter for him.

Laibach
Member
Laibach

“They put an enormous amount of effort into making sure we don’t talk about what it’s doing.”

They totally succeeded in Canada with the same agenda from bottom-up over time. For instance look at this VCI site how much effort some activists invest in silencing and insulting opponents, defending and justifying their actions, influence, “culture”, frequently pulling race cards and blaming rather others for the entire shitshow caused by vermin.

https://www.thedailybeast.com/how-china-built-an-army-of-influence-agents-in-the-us

Just me
Guest
Just me

China is the biggest threat western democracies have ever faced. China cannot allow democratic systems to become the norm. It is a massive, illiberal leviathan, where human rights and free expression are sacrificed in the name of economic growth.

China wants democracy to fail, they think it is a bad system.

Oracle
Guest
Oracle

The USA military knows this. The Generals have briefed top brass.

The problem is the globalists whose only purpose is to inflate stock/bond values and buy at cycle lows. They don’t care about anything else.

The rest who have built society are now fighting back. Notice the attack on Trumps nationalistic policies.

The better way going forward is bilateral treaties between countries. Not stuff like NAFTA etc. And always have a sunset clause in any bilateral treaty (Just in case a corrupt government (current?) signs away the kitixhen sink).

Hopefully trump strikes a deal with Mexico first. Then Canada better own up.

https://in.mobile.reuters.com/article/amp/idINKBN1K82A7

Best place on meth
Member
Best place on meth

The level of infiltration by the vermin is chilling, especially the influence on our weak, easily corruptable politicians.

southseacompany
Member
southseacompany

European money funding Canada’s debt.

“Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital”, Better Dwelling

https://betterdwelling.com/canada-is-considering-a-risky-move-to-fund-more-mortgages-with-foreign-capital/

“Virtually non-existent in Canada before the Great Recession, covered bonds have seen rapid growth. In 2007, covered bonds funded 1.1% of mortgages at banks. By 2017, that number inflated to ~$140 billion, about 9.1% of bank mortgage portfolios. Most of these are denominated and sold in Euros, to European investors. Banks have become increasingly dependent on covered bonds for mortgage funding. So dependent, they need regulators to review how much they can issue.”

southseacompany
Member
southseacompany

On that topic, from last year: “Covered bonds: the European link to Canada’s house price boom” Financial Times
https://www.ft.com/content/e692a116-71f1-11e7-93ff-99f383b09ff9

“Last summer, Canadian authorities in Vancouver became so concerned about the flows of Chinese money into their housing market that they introduced a new tax on foreign buyers.”

“There is, however, another, less commonly discussed flow of European money into the Canadian market — one that operates through the obscure machinery of bank lending, subtly linking homes in Toronto, Vancouver and Montreal to officials in Frankfurt.”

Name
Guest
Name

It’s those Germans. I knew it…

aaa
Guest
aaa

Just six weeks into the job, however, the South African guards, in collusion with other groups in the area, staged an armed raid on the site, which had to be evacuated.

The problem arose, Wang said, because of the behaviour of the Chinese workers, which upset the locals so much they decided to rebel.

“The Chinese workers wore bright clothes, bathed in fresh water, ate big meals and smoked expensive cigarettes,” he said. “Meanwhile, all the local staff got was a bar of made-in-China chocolate.”

https://www.scmp.com/news/china/society/article/2102703/peek-chinas-swashbuckling-bodyguard-factories-and-their

bullwhip29
Guest
bullwhip29

gotta love that photo of those bad a$$es…a candidate for new avatar?

Name
Guest
Name

They all look the same to me …

bullwhip29
Guest
bullwhip29
Wealthy Vancouverites are lavishing untold amounts of money on big-ticket indulgences, driving a bonanza for the region’s dealers in luxury furnishings, vehicles, yachts and other top-tier toys https://biv.com/article/2018/07/expensive-tastes-city-restaurants-put-casual-stamp-upscale-dining “Vancouver’s fine-dining scene is taking a decidedly casual and relaxed path, reflective of the city’s laid-back style that helps draw tourists and immigrants alike…” “…a plate of Big Boss Fried Rice at Peninsula, a Chinese seafood restaurant at Oakridge Centre, features abalone – pushing the price to $108 per plate…” “…a Chinese vegetable and seafood stew using shark-fin soup as a base, is available in places like Mott 32 and Shun Feng Seafood Restaurant in Richmond, with one set dinner for 10 people featuring the dish, along with a whole roasted suckling pig and lobsters, at a price of $2,388…” “,,,champagne producer Champagne Barons de Rothschild recently took note of Vancouver’s growing… Read more »
Laibach
Member
Laibach

How to entertain nouveau riche peasantry but to make them flaunt their voracity. I guess they are all educated, decent people.

Best place on meth
Member
Best place on meth

Retards just have to shove those fucking 8’s into the price of everything.

I wonder if they do the same for caskets and burial plots, or would that finally cross the line of tackiness?

bullwhip29
Guest
bullwhip29
MAKE TRUDEAU A DRAMA TEACHER AGAIN!
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN!

This could never happen here could it?

This has pushed many speculative buyers out of the market, which is good news for prospective buyers.

“I have been waiting for this slide to start,” said Arif Hossain, 37-year old biomedical engineer in Western Sydney, who is looking for a four-bedroom house.

“The properties that I am looking for were selling around A$1 million just some months back. They have now fallen below A$900,000 but still there is no sale,” he added.

He wants prices to drop to A$750,000-A$850,000 before jumping in.

bullwhip29
Guest
bullwhip29

A local stonemason is up against Concord Pacific, one of the country’s largest real estate developers, in a court fight over Howe Sound property
https://biv.com/article/2018/07/developers-dreams-residential-community-hold

Name
Guest
Name

“it hopes to start building on in 2019. ”

they are quite late to the party …

bullwhip29
Guest
bullwhip29

they are just saying that to bolster their argument and/or they know something the rest of us don’t.

Lost...but not leased
Guest
Lost...but not leased

Concord Pacific is a subsidiary of SIDA (LLC )

bullwhip29
Guest
bullwhip29

this one seemed to take forever to build and is now on the auction block…
http://www.harcourtsauctions.com/properties/4120-westminster-highway-richmond-bc-v7c1b4/

Lost...but not leased
Guest
Lost...but not leased

Trend….more 2 come ???

Duly noted that SFH with Chinese as general contractor become long term/ dragged out projects.

bullwhip29
Guest
bullwhip29

Condo corporations rushing to prohibit pot smoking before legalization
https://globalnews.ca/news/4338474/condos-rushing-to-prohibit-pot-smoking/

Lost...but not leased
Guest
Lost...but not leased

The POT ISSUE is setting people up for entrapment.

Do some homework..
……….the police will be empowered to demand BLOOD SAMPLES if the suspect you are” Under the Influence”..and if you refuse you are SOL.

Currently…if its DUI(aka alcohol)….you have rights to refuse…

Shut It Down Already (original)
Guest
Shut It Down Already (original)

You don’t have the right to refuse.

But it makes total sense that you’re a pothead.

Name
Guest
Name

https://vancouver.craigslist.ca/pml/com/d/your-tri-cities-home-is-worth/6643930049.html

“your Tri-Cities home might be valuable today…but not so much tomorrow. Take advantage of the market before it’s too late, which might just be tomorrow. ”

realtors are now starting to instill fear in sellers…

Doomcouver
Guest
Doomcouver

Funny that agents are part of the problem on the way up and the way down.

Bag it and tag it
Member
Bag it and tag it

LOL…at a certain point, they just want a paycheck, and they’re realizing the only way that will happen is with a panic seller who will take whatever they can get in a quick sale.

xhistory
Guest
xhistory

The slack has been partly engineered by the authorities. Curbs on lending to foreigners, foreign buyer taxes and a clampdown on capital flows by Beijing have hurt bubbling demand from Chinese investors, who have been important contributors to the housing boom of recent years.

https://www.reuters.com/article/us-australia-economy-housing-insight/going-going-gone-for-australias-house-price-boom-and-some-investors-smell-trouble-idUSKBN1K8007

Oracle
Guest
Oracle

“Unlike tax authorities in the United States and the United Kingdom, the Canada Revenue Agency (CRA) does not verify income for lenders, even with taxpayer’s consent.”

This!!!!!!

This single change would result in an immediate at least 25% correction in prices. Immediate.

Liar loans are everywhere and even CRA won’t release info even with your consent. This whole Ponzi is rotten.

WOW.

Oracle
Guest
Oracle

But they are going to study it for 2 years……

Crooks.

oopswediditagain
Guest
oopswediditagain

It won’t be that long, Oracle. There’s a very good reason that people in Canada were talking about bankruptcy if the recent interest rate hike went through and this would be one of the biggest reasons. Easy to hide when house prices are going up. We will be seeing the same postmortem here as they did in the USA.

oopswediditagain
Guest
oopswediditagain
https://business.financialpost.com/real-estate/mortgages/exclusive-canada-housing-agency-pushes-for-better-income-checks-to-catch-fraud This article is actually kind of intriguing Oracle because it looks to me like CMHC is trying to get ahead of the upcoming correction/crash. Lenders contractually agree to ensure that all data provided to CMHC for mortgage insurance underwriting is accurate and properly verified. Undoubtedly, if they have proof of fraud the insurance would be nullified. There’s no doubt that recent headlines had a big part in this decision. I’m sure the scariest headline for CMHC (prior to the rate increase) was in regards to the MNP survey which probably had them considering worst case scenarios. 1) If rates increase, 28% said they will probably move towards bankruptcy, unable to pay their monthlies. 2) If rates rise “much more” 42% say they will fear for their financial well-being. 3) Currently 27% say they have no cash left after paying… Read more »
Lost...but not leased
Guest
Lost...but not leased

Notice to SIDA…

Many Foreign Locusts upset re you UBER and AirBnB………