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6485 Cedarhurst is a new build 6481 sq ft high end home. So current assessed building value not correct. Last asking price was 10mil. As recent as May 2018 it was still listed at 11mil, Manyee Lui listing. See pics on her website. It actually backs onto SW Marine, often heavy traffic.

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Ralph

At the time of that assessment on July 01 2017 it was noted in the description “Non-Manualized Structures” which would indicate an unfinished or incomplete building.

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Shut It Down Already (original)

In other words it’s an outlier.

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Oracle

Kudos to the people fighting the small micro battles here. I urge you to go on twitter and fight for Maxime Bernier. He is a champions for lowering immigration levels. And immigration levels and housing prices are 100% correlated.

Lower immigration and you will immediately lower housing prices and rents.

Support him.

And anyone that argues here or wants to debate whether immigration levels increase house prices can go Fuck off. Don’t be starting that shit you fucking Social Justice Warriors. The days of being politically correct are over.

If anything, you will get a punch in the face if you start debating this nowadays.

#BernierNation

Member

http://www.maximebernier.com/policy

Take a look at Bernier’s leadership platform. He does not even acknowledge that there is a problem with housing affordability in Canada. He does not propose any reduction in the role of CMHC, despite wanting to radically reduce the role of government in many other areas. He proposes eliminating the capital gains tax across the board, which would encourage RE speculators.

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Balanced arguments

I don’t read every comment, but when I do, I always read Patriotz.

(And I’m pretty sure Oracle is a RE mole)

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Oracle

Not in RE or related industries. Just trying to be devils advocate to point out holes in Bear logic so the people here can lead a coordinated attack.

Right now it’s minions with their heads cut off. No hope.

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Hyper-mega-Bull

patriotz, do you feel remorse for leading people astray for a decade and a half?

i wonder how many people listened to you and didn’t buy a house because of what you wrote here.

i wonder how much financial and emotional stress you have caused people.

i couldn’t take it knowing i caused so much misery and suffering. if i was you i’d try rationalize my actions by saying something like “i’m not a financial advisor” and “people are responsible for their own decisions”. that’s the only way i could look at myself in the mirror.

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Balanced arguments

Yah patriotz, cause there’s no stress in being over leveraged and maxing out my HELOC while rates increase and the bank’s valuation of my home drops. Good luck HMB, I don’t know what your real story is but I’m guessing devaluation is your worst fear… or you work in RE.

Member

KickThemOut

Seems like bears like you are even more stressed than the “moronic” homeowers who bought and is now forever priced in.

Guest

Balanced arguments

Definitely, with dropping interest rates, loose lending policy, increased immigration, money laundering; stressful for those who don’t own.

I’m also curious to see the flip side, with increasing interest rates, tightening mortgage lending (google M2+ money supply), freezing/lowering HELOC’s; how stressful is it for those who are over-leveraged with the bank threatening foreclosure.

Guest

Balanced arguments

And what if you are “Forever priced in”?
Owing $1,000,000 on a place valued at $400,000 like apartments in Dublin, Ireland?

Member

Hyper-mega-Bull

bear logic: buying a house before it multiplied in value is bad decision.

bear logic: being priced out forever and facing renovations and ever increasing rents is a good decision.

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Balanced arguments

Why label it bear or bull? Logic needs to evolve depending on market conditions including interest rates, immigration, government policy, OSFI, etc.

HMB, what if what you say scares someone on the fence to over-leverage into a decreasing market?

But that’s ultimately what you want, isn’t it ;^)

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Hyper-mega-Bull

when did i tell someone to buy? it’s been years. now that HAM is being targeted, and people are starting to talk about immigration all bets are off.

i wonder if patriotz feels bad for telling everyone that HAM is a myth? i mean, the guy couldn’t have been more wrong about so much if he was intentionally trying to mislead people.

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Balanced arguments

I jump to that conclusion because your name is literally “Hyper-mega-Bull”

It’s just strange that you’re still pumping even with articles showing major price decline, trying to muddy the narrative. You’d figure you’d lay low until the cycle ends and you can get back to hyper mega bulling again. Posting so much and during Vancouver work hours, strange…

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Oracle

Patriots is as worse as they come. Deceiving without emotion.

Secretly buys while telling others not to. Also, he is a huge immigration proponent. Works for Trudeau.

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YVR

Patriditz is the biggest tool around here. Wrong for decades.

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YVR

“He does not even acknowledge that there is a problem with housing affordability in Canada. ”

Like other politicians are doing something about it. Prices up big time since the Federal Liberals took power and up 15% in one year under the BC NDP. I guess you like being lied to.

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Bag it and tag it

It’s important to show support for Bernier since it puts pressure on the conservative party to rethink their immigration policy. Bernier received far more support from Canadians than the conservative party had anticipated and now they’re backtracking…that’s the whole point of it. His housing policy is irrelevant at this point. Finally immigration policy is in the spotlight and we need to leverage this opportunity.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN!

Supporting him will split the Right which is just what Mr. Dress-up wants. If he wants to start his own party fine but right now he is an MP in the Conservative party and I support the leader not him.

Member

Maxime Bernier retains grassroots Tory support after diversity comments

“Supporting him will split the Right which is just what Mr. Dress-up wants.”

Yes you’re correct but the real problem is Scheer’s indecisive victory. Bernier’s base is not going away.

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Best place on meth

“Mr. Scheer won the leadership race by a razor-thin margin in the May, 2017, contest. The ballots were immediately destroyed after the vote was counted.

The proposal to amend the party constitution, supported by a dozen riding associations, calls for an independent audit of the entire leadership process and says ballots should not be destroyed until at least 30 days after the contest ends.

“I’d like to think that the process was entirely transparent, but I’m not 100-per-cent convinced about that,” Mr. Baxendale told The Globe. “There was no reason to destroy the ballots.”

Yes there was.

Member

Key decision coming in legal battle over privacy of Toronto real estate data

“The end might be near for a seven-year battle that has kept the public from easily finding sales data for homes in the Greater Toronto Area. The Supreme Court of Canada said it will announce on Thursday morning whether it will hear an appeal from the Toronto Real Estate Board (TREB) that would keep TREB’s members from publishing home sales data on their password-protected sites.”

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Specuskeptic

Hoping that: 1) The decision favours transparency and 2) That transparency spreads throughout the country all the way to the west coast.

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xhistory

“Not a single orca born in the past three years has been known to survive, according to the Center for Whale Research. That’s why the fact that Tahlequah recently gave birth was so exciting, if only for a brief moment. Her calf died just 30 minutes after it was first spotted by a whale watch operator on July 24.”

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MAKE TRUDEAU A DRAMA TEACHER AGAIN!

This complete and utter fake news and lies being created to shut down the salmon fishing industry by the left wing eco-terrorists.

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xhistory

What’s fake about that story is whale tourist ship practically dogging the whales, hardly giving the creatures living space

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

Not a single orca born in the past three years has been known to survive

That is fake.

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Sheesh

There are different populations of killer whales in BC. This is referring to the southern residents, which are listed as an endangered species under federal legislation. The calfs keep dying. It’s not faken nor is it a consiracy to shut down salmon fishing (although efforts to protect the whales’ food source, chinook salmon, have affected fishermen’s livlihoods and that is unfortunate). Other populations in BC are doing OK. I wonder why people need to pretend they are experts at everything.

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Hyper-mega-Bull

http://www.orcahome.de/images/img2007_6541.jpg

“center for whale research” sounds like a couple of hippies in a house with a motorhome.

in fact it is.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN!

https://www.mortgagebrokernews.ca/news/most-innovative-product-in-seven-years-a-hit-in-broker-channel-246860.aspx

Truly scraping the bottom of the barrel

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Loon

Interest only payments, sounds familiar ! Symptomatic of something coming ?

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xhistory

https://betterdwelling.com/canadians-withdraw-another-2-billion-in-home-equity-over-a-month/

THREE (3) Cheers for BETTER ASSESSMENTS

Member

Best place on meth

With sales in the gutter, these HELOC monkeys are no longer borrowing to invest in more real estate, they’re borrowing to live day to day.

And now with prices falling this option will not be available to them much longer.

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xhistory

https://www.castanet.net/news/BC/234521/For-sale-4M-dump

Fake?

“Neighbours say they don’t care who pays, they just want the mess gone”

Member

Best place on meth

The city should clean it up and the property should be auctioned off.

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Doomcouver

It should, but the CoV will likely fully support this speculator owner dirtbag instead.

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xhistory

What about the orca J2, nick named Granny? She is said to be over 100 years old. Yet she lives on while the Puget Sound orca population heads for extinction.

Anyone sea a pattern?

Member

Male whales are just like human males? Nobody wants a piece of granny.

Member

KickThemOut

Anyone saw that stupid movie “Crazy Rich Asians” over the weekend? Piece of shit movie trying to glorify crazy shit Asian culture. But it does highlight two interesting facts. One is that whenever Chinese mass migrate to other countries during crisis at home, the welcoming country ALWAYS get the short end of the stick as the Chinese drains the wealth and money from the new host country like a blood sucking parasite. We can see it happening right now in Vancouver!

Second, is the only two countries that fought against the Chinese parasites are Malaysia and Indonesia, both Muslim majority countries.

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bullwhip29

judging by the box office numbers, not many asians or others for that matter bothered to go see this (unlike you, of course, who probably was first in line and cheering with pride the moment the lights dimmed…)

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KickThemOut

Corporate event moron!

It’s the #1 weekend movie

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bullwhip29

when all said and done global box office wont even hit $100M, perhaps not even $75M… simply because asians in general wont see this.

bookmark this

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Shut It Down Already (original)

Bold claim, given that it has already taken $45m in week 1.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

Did you watch it SIDA?

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Crazy poor asian

Hahahahahaha, 110m now heading to 200m globally.
https://www.boxofficemojo.com

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Shut It Down Already (original)

You have box office breakdowns by ethnicity? Do share.

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Nomad

Nope. Not planning to. Your second point, when did Malaysia and Indonesia fought against China? Maybe some minor protest.
In the past, there are only 2 countries on earth fought and had control over China.
Mongolia and Japan – both of which still dislike Chinese.

Member

Best place on meth

“Mongolia and Japan – both of which still dislike Chinese”

They’ve now been joined by 195 more countries who dislike the chinese.

Member

Where are the brown people? Crazy Rich Asians draws tepid response in Singapore

Poetic justice – the film is criticized in Singapore itself for ignoring the Malay and Indian minorities.

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bullwhip29

‘Cube house’ on Vancouver’s Point Grey Road, which was originally listed at $14 million, sold for $7.65 million last month
https://vancouversun.com/news/local-news/cube-house-on-vancouvers-point-grey-road-sold-for-7-65-million

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KickThemOut

To be torn in a few years in a land assembly?! Never lived in either.

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bullwhip29

no, I’d say the chances of it being used as an illegal hotel/hostel/brothel/casino are much higher…

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KickThemOut

Where Chinese go, they bring the worse with them. Now, we can expect this kind of polluted lung cancer causing air quality every year going forward! Thanks to China! Can’t stay content polluting itself out of existence!

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bullwhip29

you could be right. a friend was in Tofino a couple weeks back and saw an asian mob cooking a typical over-the-top seafood buffet on the beach using gas powered hot pot burners completely oblivious of the fact that this activity was banned at the time.

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Oracle

Those candles that fly….but you will never hear that in MSM.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

And undersized crabs no doubt

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bullwhip29

no, they toss those back after the claws have been removed. come on, pay attention man…

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bullwhip29

Canadians weren’t in the mood to spend in June as retail sales edged lower
https://business.financialpost.com/news/economy/canadians-werent-in-the-mood-to-spend-in-june-as-retail-sales-edged-lower

>>> this can’t be blamed on the weather. i suspect the softening housing market has a lot to do with it.

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Oracle

70% of people are getting wealthier while 30% are getting poorer. Basically those that own are getting richer. Those with suites are laughing all the way to Cancun.

The poorer spend less. The wealthy start going on more vacations and buy goodies abroad.

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Raincity

Seeing fewer Ham in Holt Renfrew these days…..corellation between real estate and HAM spending?

Member

Bag it and tag it

I’m noticing hotel prices in Vancouver are much lower this summer than previous summers. Astronomical hotel prices were the biggest reason for the the high airbnb rates in Vancouver which is also one of the biggest reasons why condo prices increased so much recently…so perhaps we’ll see a reverse of all the of above.

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Oracle

Do you guys think 2019 will bring any correction to prices under $1 million? Sooner or later HAM is going to return.

Presales sold overseas. Foreign buying with Bare Trusts. Foreign student work permit loophole. Backtracking on Spec tax and a $400,000 exemption.

Really, nothing substantial has been done.

And if Referendum Fails, we could have an election within 6 months. Then I predict a Liberal majority as many will see the NDP Greens as a failed experiment.

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Best place on meth

My minions are telling me Surrey is fucked.

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Oracle

I sure hope so man. I’ll buy you a beer every Friday for a year if Surrey crashes 30%.

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Ralph

Surrey is already down 20% from their peak. Get out your wallet.

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Oracle

Unfortunately not. Maybe down 5% at best.

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RealEstatePro

Major correction is happening now in all categories. Some people are in denial, but data does not lie. The 90 percent two year jump will be fully reversed, since it required continuation of money laundering that has been cracked down upon by all countries involved. This is a global trend that is affecting other cities as well.

Also, looks like Liberals will lose within foreseeable future, because money laundering scandal has upset a lot of people (10x worse than NDP fast ferries), and most of swing voters are now firmly in Green/NDP camp.

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YVR

https://globalnews.ca/news/4391856/exclusive-peter-german-denies-conflict-in-b-c-casino-probe-despite-sitting-on-board-with-casino-executive/

“money laundering scandal has upset a lot of people”

Are you refering to this? Where is Eby! Has he gone back in hiding?

In his report, German credited Great Canadian executives for being forthcoming and professional. Sandy Garossino, a former Crown prosecutor and long-time critic of crime in B.C. casinos, said she can’t believe German did not interview Soo. “Walter Soo is the architect of the VIP (gaming program),” she said. “It puts him right at the centre of the issue around money laundering, and improper transactions.”

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Oracle

Yeah. Ugly.

No other way to put it. I don’t trust Horgan and Moe Sihota.

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Oracle

I hope your right but I understandably have my doubts.

For one I don’t trust the NDP to carry this through.

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bullwhip29

the vast majority of voters are homeowners with most/all of their net worth tied up in real estate. a housing crash would end this brief run the NDP might be enjoying. when all is said and done, money arguably comes first, even before family matters, politics and other issues deemed to be not so important when your life savings is going up in smoke

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bullwhip29

until real volume comes into play, which it hasn’t, I would reserve judgement on the matter. sure, there are bits and pieces being tossed about but no real indicator as of yet that masses of properties are or will be liquidated.

Member

paulb

http://www.clivestevepaul.com

New
192
Price Change
93
Sold
75
TI:12775

Member

Best place on meth

https://dexterrealty.com/current-market-conditions.html

Mid month stats:

MOI for West Van detached soars to around 30, Richmond to 20,

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Doomcouver

popcorn time

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Oracle

I want to see a crash. I’m sorry but the speculators need to be taken out for the count.

No popcorn for me yet.

Member

The sales numbers this year are very bearish. The inventory is neutral. But, prices are surprisingly holding up well when you look through the data. Other than a few markets for SFH, prices have held up. Hopefully that’s not the case going forward, but it has to be troubling for bears.

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Ralph

Prices will not hold up. There is too much inventory coming on-line and speculative demand has dissipated.

Member

Maybe, but prices don’t lie either. And prices to this point have held up for the majority of the market, despite all the headwinds we’ve experienced this past year.

I lost out on a multiple bid scenario a couple months ago.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

How are you feeling about that today?

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Stand up for Canada

http://www.cbc.ca/news/business/treb-real-estate-sale-prices-1.4795903

About time. Zillow coming to Canada soon?

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

A big blow to the Realtor Monolpoly

A battle over real estate data that has dragged on for years has come to a close, as a Supreme Court of Canada judgement this morning opened the door for realtors to expand the way they share home sales data on the Internet.

Member

southseacompany

https://www.vancourier.com/real-estate/column-housing-market-downturn-harms-budget-prospects-for-b-c-ndp-1.23409005

“Housing market downturn harms budget prospects for B.C. NDP”, Vancouver Courier

“The Real Estate Board of Greater Vancouver recently released statistics that showed a whopping 30 per cent decline in home sales in the region when comparing July 2018 sales figures to the ones in July 2017.”

“And the July sales figures of this year were down almost 15 per cent from June, which suggests sales are continuously declining. The slowdown is the biggest in 18 years”

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Ralph

If BC is this reliant on non-productive real estate for revenue generation then there is something seriously wrong in this province.

Member

Simple Solution

To be fair, BC also reliant on Casino (money laundering) revenue…

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bullwhip29

real estate is everything in Vanc and much of BC. a housing crash would immediately cast a huge shadow over many other industries that are either directly or indirectly related. developers would shelve projects due to poor market, finance co’s would batten down the hatches and the consumer would pull their horns in either as a result of the negative wealth effect or simply out of necessity. the only ones left standing would be service workers catering to whoever is still in the mood to visit our polluted beaches, breathe our toxic air and stand in agonising lines for the same overpriced flagship attractions that the whole world has been brainwashed into believing they must see before they die

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

At least people will be able to find a tradesperson for a fair price.

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bullwhip29

no one will be doing lipstick and mascara jobs as flipping will be largely out of the question nor will they be upgrading just for the sake of posting another superficial pic on instagram. yep, all of a sudden those slightly dated but otherwise perfectly functional appliances in that dreadful white finish dont look so bad after all.

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Oracle

Bernier set to make an announcement.

Hopefully a new political party the likes of which Canada has never seen.

Small government and immigration at rate of other G7 countries.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN!

The Megalomaniac just handed Mr. Dress-up another 4 year mandate.

The grin on Trudeau’s face will be extra evident in his selfies!

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KickThemOut

Huawei banned in Australia now too!
https://www.zerohedge.com/news/2018-08-23/china-furious-after-australia-bans-huawei-mobile-network-project

Still being offered in Canada though!

Guest

Make Vancouver Canadian Again

This is a joyous and historic day for Canada!!! The Populism that has been sweeping the West for a number of years has finally found a political voice in Canada!!! Maxime Bernier is a true Canadian hero who can bring together Canadians of all backgrounds around a new message of hope that puts Canadians first! I am part of the growing #BernierNation movement on Twitter. This is a movement made up of Canadians of all backgrounds and from all regions of Canada, including urban and rural. As a gay Trump supporter who has revealed quite raw and intimate details of my gay coming out process in the 90s in my Polar Bear Diaries Youtube channel and blog, I have been absolutely astonished by how warmly I have been welcomed into the Conservative fold. The open-mindedness, kindness, and intelligence displayed by… Read more »

Member

I like Bernier and I lean Libertarian on many issues. But, I’m also a pragmatist and I’d rather see the Conservatives win the next election and we’re better to do that under a single tent. So, it’s hard for me to support him if he can’t support the party. It’s a mistake to split the right of centre vote IMO.

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kabloona

https://www.morningstar.com/news/djnmndjbn,ndjen/CNW_20180823C1515/supreme-court-will-not-hear-toronto-real-estate-boards-appeal.html

“Supreme Court will not hear Toronto Real Estate Board’s appeal”

Canada NewsWire – OTTAWA, Aug. 23, 2018

“OTTAWA, Aug. 23, 2018 /CNW/ – The Competition Bureau today welcomes the Supreme Court of Canada’s (SCC) dismissal of the Toronto Real Estate Board’s (TREB) application seeking leave to appeal a December 2017 decision from the Federal Court of Appeal, a decision that upheld the Competition Tribunal’s June 2016 order addressing TREB’s anti-competitive conduct.”

🙂

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bullwhip29

Hiking reservations pitched for B.C. parks in danger of being ‘loved to death’
https://vancouversun.com/news/local-news/hiking-reservations-pitched-for-b-c-parks-in-danger-of-being-loved-to-death

>>> everywhere you look there are busloads of investors disguised as tourists leaving various signs of their presence behind. if you take the air, sea and scenic land away from Vancouver and BC in general, what is really left?

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Lost...but not Leased

Whats left…right?
GOOGLE potemkin village…

“Beautiful BC.”………Vancouver is a world class city…blah blah..mostly architectural paint and veneer
With a litany of bad Gov’t policies at all levels…the future IS bleak…

The Mountains, Ocean etc. over time simply look like a 3-D postcard..boring..

Horgan has apparently said our forest fires will be the new norm…..2 bad years in a row…how many tourist now are po’d at smog and future ones thinking twice?

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Shut It Down Already (original)

Something else for the terminally dumb to blame on foreigners…

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bullwhip29

say what you want. maybe we should adopt some of the measures that have been implemented in Paris? like separate entrances and shopping areas for “tourists”? you basically can’t go to any semi well known destination in Cda without it being completely overrun by rude, obnoxious, ill-manned mainland chinese who see no problem flinging their excrement and other trash wherever they feel like it and essentially ruining the experience for anyone else that happens to be at the same destination

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bullwhip29

edit: maybe “ill-manned” but definitely “ill-mannered”

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Nomad

Ha! Did some 4×4 around Stave lake and Chilliwack river. Campers all seem to be locals – with boats and ATVs. You can’t believe what shit they leave behind its unbelievable. I even saw a freaking fire pit right under a tree. If locals don’t care why would visitors care?

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bullwhip29

Three-in-four British Columbians want the government to call a public inquiry into the practice of money laundering at casinos, according to a new survey
https://bc.ctvnews.ca/money-laundering-inquiry-supported-by-most-b-c-residents-poll-1.4065297

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Lost...but not Leased

Casinos etc.

The problem is Eby and Horgan or ANY gov’t will only go so far….citizens will never get the whole truth. The mess is an intricately woven mess that would take many people down…even the “holier than thou” NDP…….(remember BingoGate?)

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Oracle