Ever felt like telling the future?
What do you foresee happening to the local economy an housing market in 2019? Where will interest rates go?
The Bank of Canada seems to think we’re not in for hot growth and are keeping rates flat for the moment.
A couple of brokerages predict prices will stay flat or decline only slightly in 2019.
The general consensus and safe bet is to predict a status quo situation. No major drops or increases in the market. That sound about right?
apparently Lansdowne Mall is a pretty dangerous place to be these days…
https://www.richmond-news.com/news/shooting-at-lansdowne-centre-1.23553064
Looks like the NDP ridings voted against ProRep. That doesn’t bode well for the next election.
Even Green Ridings were split.
That folks is in indication that voters aren’t happy with the GreeNDP progress to date.
Many of those NDP ridings are no longer NDP ridings.
“Looks like the NDP ridings voted against ProRep”
Simply not true. The ProRep vote was strongly correlated with the NDP (or Green on the Island) vote. The reason why the vote failed with the margin it did is that the Liberal ridings which opposed PR had a higher turnout than the NDP/Green ridings. That’s not going to help the Liberals in a general election. Getting 80% in Peace River or Abbotsford still only gets your one seat.
I don’t think this result means much for support of the NDP. The Liberals opposed it for political reasons, but a majority of NDP also opposed it because they know it wasn’t in their long term interest. Those people are still going to vote NDP in the future. If anything, this is a big win for the NDP, not on the surface of it, but in reality because the Green Party just imploded. They’re going to lose two seats, maybe three. They’re going to lose a lot of votes on the Mainland and in swing ridings and a lot of that will go to the NDP (more so than Liberals). Horgan has a high approval rating. While I disagree with him on almost every issue, I can at least say, he is a moderate. He isn’t running this government the… Read more »
more than any other factor, folks aren’t happy being underwater on their mortgages.
Most people with mortgages have had them for years and are unlikely to be underwater.
there are plenty of owners who should have stayed as such after the last financial debacle in 2008 but opted to leverage up by taking boatloads of equity out to buy more real estate on spec either for themselves or other relatives. and then, of course, we have to factor in the massive balances owners have on their HELOCs which is largely ignored. i am pretty comfortable saying that many purchases done in the last 18-24 months are certainly in jeopardy if they aren’t already underwater while down payments have simply gone up in smoke. and here we are with equity markets having the worst Dec since the great depression. most of us here can do the math…
I successfully predicted this.
564,000 ballots (40% of total) only had the first question answered. The Liberals called their based to do a ‘one and done’ response to the ballot.
The NDP didn’t want this and they did not call their volunteers to help. Trust me on this. Hey wanted this to fail.
So the NDP minions who feel sad, please don’t. Horgan is partying tonight.
“I successfully predicted this.”
It’s like watching a monkey smear feces on the wall and then brag about how it’s a brilliant replica of a Picasso.
Merry Christmas!
Relax. Just trying to throw a little Garth Turner in the mix. You know how he always says ‘just as I predicted…’.
Again Happy Holidays.
GT does not use that phrase.
You do you, Oracle.
I’m just here with my bowl of popcorn.
It is imperative to keep bringing more and more of this elite to Canada and learn from them. We desperately need them here to fill all the gaps, buy apartments and “pay taxes”.
“IMAGINE YOU’RE A burglar. You’ve decided to tackle a high-end luxury apartment, the kind of building with multiple Picassos in the penthouse. You could spend weeks or months casing the place, studying every resident’s schedule, analyzing the locks on all the doors. You could dig through trash for hints about which units have alarms, run through every permutation of what the codes might be. Or you could also just steal the super’s keys.
According to a Justice Department indictment Thursday, that is effectively what China has done to the rest of the world since 2014.”
https://www.wired.com/story/doj-indictment-chinese-hackers-apt10/
““No country poses a broader, more severe long-term threat to our nation’s economy and cyber infrastructure than China. China’s goal, simply put, is to replace the US as the world’s leading superpower, and they’re using illegal methods to get there,” FBI director Christopher Wray said at Thursday’s press conference. “While we welcome fair competition, we cannot and will not tolerate illegal hacking, stealing, or cheating.”
Former Lehigh University student allegedly tried to slowly poison his roommate
A former Lehigh University student, who has been accused of vandalizing his black roommate’s desk with the N-word, allegedly tried to kill him with a substance once used as rat poison.
Yukai Yang, 22, a former chemistry major at Lehigh in Bethlehem, Pa., was arraigned Thursday for attempted homicide, aggravated assault, simple assault and reckless endangerment.
A former Lehigh University student, who has been accused of vandalizing his black roommate’s desk with the N-word, allegedly tried to kill him with a substance once used as rat poison.
The referendum should have had a 3rd option:
3. Don’t understand what’s going on/scared of change
That way if #3 won by a huge majority we’d know never to try another PR referendum in this province again.
You sound like the main stream media on Trump, Brexit and open border immigration. The people are too dumb to understand what is good for them. I think that was what Trudeau was trying to say in his pro totalitarian China comments. Trudeau thinks China is better off because the people have no say on policy. They are too dumb to understand what is good for them.
Lets face it PR was a bad idea that nobody wanted. The idea was slaughtered almost 2 to 1. Nobody wants a perpetual GreeNDP alliance. PR is dead forever. The people have spoken.
This was located, designed, built and priced with locust in mind. Who else is going to buy this nonsense going forward if not the favorite resident locust?
New condos at Oakridge Centre development do not come cheap
https://www.vancouverisawesome.com/2018/12/18/new-condos-oakridge-centre-expensive/
Two-bedrooms are listed from $2 million to $4.1 million, while one-bedrooms are from $1.3 to $2 million. In the Castiglia tower, three-bedroom condos on the 18th floor and above are listed at between $3.7 and $4.7 million, two-bedroom units range from $1.4 to $3.5 million, while one-bedrooms range from more than $800,000 to $1.9 million.
These prices are thanks to David Eby for not keeping that election promise to implement the foreign buyers tax on presales. HAM loves the guy though.
Absolutely. I’m just stunned the blind followers don’t see what he is doing. They also don’t know that the PR failing today is the best thing to happen for them.
If a foreigner completes the purchase then the tax is payable.
The developer doesn’t care. How many years before the purchase is complete? By 2022 there may a change in the tax, the buyer may have PR, a kid here in school or they flip it to a local for a profit. Do we need more $4 million condos? Eby’s broken election promise sure encourages developers to keep building them.
If the $4m condos are selling then there was clearly demand for that product. If they don’t sell then, no, we probably didn’t need more.
Either way one of two things happens: a foreign buyer pays the tax or a local buyer completes the purchase.
So there’s really no need to keep moaning about whether or not the tax applies to presales.
I guess is you call a locust who just got PR a local or Lambo driving 19 year old UBC student with a bright green N sticker a local then yes you are right. How soon before these Richmond hospital ‘local’ babies are purchasing them.
Quite pathetic, even by your usual low standards. Anything to distract from the fact that if a foreigner buys a presale and completes then they pay the very tax you’re bleating about.
New
44
Price Change
27
Sold
88
TI:11538
Next year is a time when work is done for free. It may be substantial, perhaps two months worth. Dont worry too much. As this will feel karmic. Keep the financial consideration in your mind. Dont be greedy or egotistic.
Hopefully, EU and Hungaria would be less impotent?
Detained Canadian in China also a Hungarian national — and now the EU may step in: Reuters
https://globalnews.ca/news/4780305/detained-canadian-michael-kovrig-hungarian/
“now the EU may step in”
LOL as the drama teacher says nothing. What a total wimp.
If Turd had any balls he would stop all visa applications from China immediately and until such time as all hostages are released from their unlawful custody. China wants more than anything to leave China for the green pastures of Canada where the rule of law is in effect. Stopping all visa applications would make them take notice that their escape route is closed.
+ Canada would be able to take a break and slow down contamination a bit.
“China wants more than anything to leave China for the green pastures of Canada where the rule of law is in effect. ”
Actually they would rather go to the US. Fact not opinion – the US takes more legal immigrants from China than Canada does. You might also note that China is currently holding US citizens hostage and US has not imposed any kind of visa restrictions on Chinese.
At any rate I think it’s just as likely that the Chinese leadership would welcome moves that keep Chinese from leaving. Just like the good old days under Mao.
Yap, those were the good days under Mao. The entire world was a nicer and less rotten place.
Who said PR passed ???
It FAILED !!!!!
YIPPEEE….NDP and bed buddy Weaver must have shit the sheets….FPTP will nuke them like Barrett Gov’t back in 1970’s.
I bet Horgan is quite happy tonight. PR wasn’t good for the NDP brand and in four or five months, he’s got a majority.
I’m thinking the vote will be split. Liberal majority.
I’m good at this stuff and I’m usually right. The longer Horgan waits, the more the odds drop.
I’d probably take a ‘moral’ stand and drop Plecas as speaker. That will cause a deadlock in the Leg and he’ll get his election. Otherwise, Plecas might cause the NDP some trouble. He seems like a loose cannon.
No way the NDP could win. They were just outvoted almost 2 to 1 in the PR referendum. The NDP are toast no matter when the election is called, although, you are correct it will get worse as the province spirals out of control under their watch.
A lot of NDP voted against PR because they passed the IQ test. This wasn’t good for the NDP and their voters knew it. I wouldn’t read into this as support or lack thereof for Horgan. Horgan has been a smart Premier. He lets his MLAs take on the controversial issues. None of the negative issues have stuck to him. All he needs to do is give Surrey a SkyTrain, some dental care and compaign with a hard hat on. Wilkinson is too much of an academic and he’s not charismatic. If the Liberals chose that Todd guy, they would likely win. Nobody is going to vote for another Gordon Campbell right now. 90% chance Horgan wins unless something changes.
“A lot of NDP voted against PR”
You mean a lot of former NDP voters voted against PR. Many of those voters were Liberal voters before and will be again. The NDP vote was a protest vote this past election. The NDP had their chance and they blew it. They are done. Even the NDP knows that. Otherwise they wouldn’t have pushed for PR.
I disagree with Dave. I wasn’t on the front lines and I can tell you many volunteers will not be this time around. NDP will be defeated with or without the Surrey ridings.
Was. *
Damn autocorrect.
Oracle did. As usual he was pulling “facts” out of nowhere.
Prediction?
100% guarantee SIDA will_______
Back to work everyone…
bullwhip29…re Richmond ALR home size vote….are you in favour of what Richmond Council did?
..if so..WHY?
Vote wasnt even close….
Weaver. What an idiot.
but earlier today you said P/R was approved …. is your crystal ball broken?
Lol. Biggest political loser in history. Literally got nothing.
Let the Banana Republic continue…
I disagree man. NDP will get support if they live up to their election promises. Now the onus is on them to do things if they want to stay in power.
Greens are toast. Will help NDP.
I know you guys think I’m a Liberal troll but imo this is he best thing to happen for lower housing prices.
If NDP don’t deliver now, they’re done. That simple.
I predict the Liberals will be back in power within 2 years. They will re enable the down payment program and absolutely anything else to pump the RE market as high as they can. It’s what home owners want and 65% of voters are home owners. This Province is fucked. Not that I agree with PR per say but this will collapse the NDP
This will be the window to buy imo. The NDP will be forced to pull out all the stops on housing now.
That’s their only chance. Otherwise done.
I don’t agree with Dave that NDP are going to win a majority. I door knowcked on thousands of apartments last election. Not going to do that again because dissapointed in them. And many like me around.
Horgan wins if he calls an election this Spring. The economy is good, the budget is in surplus, they are a fresh government and he’s a new face.
A lot of Green votes will go NDP next election. That’s going to gain them a few seats. Greens will lose two, possibly three if the NDP run a star candidate in Oak Bay.
All they need to do is give Surrey the SkyTrain to keep those ridings.
Wilkinson isn’t able to pull out a win. He’s not charismatic and the NDP haven’t done enough wrong that we need a fix it guy like him.
The NDP are finished. This is their last term for another 4 cycles. Their incompetance on this referendum is hillarious. Who’s idea was it to have 3 PR choices nobody could understand? Same old NDP. Flunkies.
In agreement on this. Should have been a simple “yes/no” referendum. Adding in all the extra choices just alienated the generally ignorant public. Give all the senile old farts that vote too many questions and they freeze up. Whoever engineered this farce of a referendum was either exceptionally stupid or opposed to PR themselves.
Eby
We are at the same place as 2 years ago. Except low end real estate and rents have skyrocketed.
Well said, whatever gets elected except that club of corrupted criminals and locust enablers hiding behind brand BC Liberal Party.
GreeNDP FAIL!
I think the Greens have cemented their legacy as clowns. Unbelievable.
Election coming and NO WAY NDP wins. Unless they change their tactics.
Oracle, who will win elections? And what’s gonna happen after?
Election will be called in 2 months. Liberals going to win. NDP supporters aren’t motivated anymore.
Liberals slam dunk. Won’t be even close. NDP lied on every election promise. No one ever charged or gone to jail.
So BC will be back to Christy Clark mode, corruption, developers, locusts and the rest of shit which are “good for business”?
If the NDP don’t get their shit together, YES.
Now they have to deliver on housing. If they don’t, defeat.
Weaver got played by the NDP. Greens are done. He had the opportunity of a lifetime. The balance of power. Clown is an understatement.
If NDP wants my vote, live up to the election promises. Otherwise face defeat.
Liberals are coming back imo.
What a monumental failure the GreeNDP has been.
Everything You Need to Know About Vancouver Real Estate- Interview with Steve Saretsky
https://www.youtube.com/watch?v=oaiY77kNUO4
Steve Saretsky and Paul B are the few realtors I trust.
Anbang Insurance Group has hired a broker to sell its Vancouver office towers and plans to put the properties up for sale early next year, according to sources with knowledge of the matter.
https://cse-cst.gc.ca/en/media/media-2018-12-20
Just awesome… the country that has no rule of law is the one our leaders are infatuated with….
“Canada’s housing market correction isn’t over, analysts warn”, Financial Post
“Canada’s real estate market will likely see further correction in 2019, as fears of higher interest rates and stress tests continue to weigh on the sector, according to analysts.”
the correction will continue due to fears of other factors now. 1000’s of households all over gr vanc have likely seen their net worth drop at least a few hundred grand (on paper) this year. anyone that claims this doesn’t affect them is flat out lying to you.
Especially since a lot of people have been tapping that equity like a built in bank machine. It’s free money after all 🙂 As equity drops banks will want that HELOC paid out. This will get interesting
Over? Correction is just warming up with a quite easy pace down the slope. Soon it should start accelerating before it gets really speeding and eventually comes down crashing…
Exxon Mobil withdraws application to approve $25-billion B.C. LNG project
https://vancouversun.com/business/energy/exxon-mobil-withdraws-application-to-approve-25-billion-b-c-lng-project
Chinese tourists kill kangaroo, hurling bricks to make it hop
https://www.scmp.com/news/china/society/article/2142594/chinese-tourists-kill-kangaroo-hurling-bricks-make-it-hop
Wow. Their next permanent trip…..Vancouver.
Australians should murder 3 pandas in retaliation.
Delayed decision on Massey Tunnel has London Drugs considering move out of province
https://www.cbc.ca/news/canada/british-columbia/delayed-decision-on-massey-tunnel-has-london-drugs-considering-move-out-of-province-1.4954021
Just another nail in the NDP coffin.
U.S. Accuses China of Broad Economy Espionage as Tensions Simmer
SIDA?
Sorry, but I’m still laughing at you after your ridiculous PR Twitter claims and subsequent humiliation. Give me a moment.
the odds that the US and China will magically sign a new trade agreement imminently basically dropped to ZERO
Meng Wanzhou might just be the tip of the iceberg. sketchy individuals have to go into hiding now and can’t leave the country (ie. Canada) now. i hear those black medical masks are sold out everywhere now…
“Secretary of State Michael Pompeo and Homeland Security Secretary Kirstjen Nielsen said in a statement they were “concerned” that the alleged operation violated a 2015 agreement China made with the U.S. to stop supporting cyber theft of intellectual property and trade secrets.”
So the Chinese agreed to stop supporting cyber theft…. anyone shocked they didnt follow through.
Perhaps JustiNe should apologize to china
You mean the china men promised to stop stealing and then continued stealing?
That’s just not like them.
Forbes: Powell Did The Right Thing For The Right Reason
Powell’s got balls, Poloz’s got boobs.
Canada among targets of alleged Chinese hacking campaign
https://www.ctvnews.ca/sci-tech/canada-among-targets-of-alleged-chinese-hacking-campaign-1.4225913