Archive for the ‘Open Topic’ Category

Friday Free-for-all!

Friday, April 24th, 2015

It’s the end of another work week, let’s get out in that sunshine and enjoy it!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

-Home ownership still favourite investment
-Calgary new condo sales plunge 61%
-Bundle and save on realtor fees
-Blame your mom and dad for high prices
-Mother of Mayors girlfriend arrested in China
-Scary high ratio mortgages in Canada

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Let the grandkids solve the TFSA problem.

Wednesday, April 22nd, 2015

If you’re someone who has your money somewhere other than Vancouver real estate you’re probably familiar with the TFSA.  And you probably know the limit has just been doubled to $10k a year.

Critics say this move only helps the wealthy and creates a future tax problem.

Joe Oliver says we should leave that problem for the PMs grand-daughter to solve.

On Tuesday’s The Exchange with Amanda Lang on CBC News Network, the finance minister told Lang that criticism of his recently unveiled budget is unfounded, arguing that the benefits for Canadians today more than offset any future revenue problems associated with it that may or may not ever come to pass.

The doubling of the TFSA limit to $10,000 per taxpayer every year was a core plank of Oliver’s balanced budget. But critics including the opposition parties and private sector economists have said the populist move will create a revenue problem for governments down the line, as more and more investments get protected from taxation.

So what do you think about the TFSA limit increase? A tool only for the wealthy or a bit of extra help for savers?

Friday Free-for-all!

Friday, April 17th, 2015

Whoa! Where did the time go?

It’s the end of another week and that means it’s time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

-IMF cuts Canada on oil slump
-BOC warns of housing correction
-$43 million discount
-Teranet goes up
-Calgary goes down
-Faith based financial advice
-Cheap condo goes under asking
-2015 Bowen / Gulf island stats
-$1 mill sunshine coast sales

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Friday Free-for-all! Let’s go weekend!

Friday, April 10th, 2015

It’s that time of the week again… Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

-Mort. Insurance fees hurt 1st timers?
-1/3 new owners use cash from family?
-Rates. How low can they go?
-Sunshine coast 2014 market summary
-No gold watch for you!
-BC LNG projects threatened by glut
-Economic hit spreads beyond oil patch
-Does oil price affect Vancouver RE?
-Low rates hurting investors?
-Salesman predict decade long boom
-Divergence between TSX and financial services
-John Bairds new job

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

 

Friday Free-for-all! Crazy market edition.

Friday, April 3rd, 2015

Well hello there!

Looky here, it’s the end of another week already and you probably already know what that means…

Friday Free-for-all time!

This is our standard end of the week news round up and open topic discussion thread for the weekend.

But first a note. Many news sites have moved to a subscription model which limits views of articles (hello Globe and Mail!). This is a bit of a downer for a news and link round-up feature since you might use up your monthly limited article views on articles that don’t interest you beyond their headline.

So with that in mind we’re switching most of our FFFA links to the original VCI comment that pointed them out.  This means you get the context with selected quotes or excerpts to decide if you want to follow the link to the original article and you can see who here originally pointed out the article, but it means you need to click an extra link to read the full story.

Does this change drive you crazy as an overbred purse dog or are you west-coast chill about it? As always your comments about this change are welcome.

OK! Now here are the links to kick off the chat:

-Did you short Genworth at the right time?
-There will be fewer hungry realtors this month
-All about those rates?
-Vancouver is the next… Calgary?!?
-Economy shrinks
-Over 55? Stop paying property tax sucker!
-Who ya gonna blame for this crazy market?
-What is the Difference between bulls and bears?
-An orderly correction please.

So what are you seeing out there?

Post your news links, thoughts and anecdotes here and have an excellent long weekend filled with bunnies, eggs and chocolate!

US claims stolen Chinese money washed in Van RE.

Monday, March 30th, 2015

Anyone who’s read this site for a while has probably noticed a couple of things:

1. A number of regular reader and commenters here blame wealthy Chinese ‘investor immigrants’ for the high cost of real estate in Vancouver.

2. The administration of this site disagrees and thinks that over-stretched house-horny locals and government insured lending on real estate are primarily to blame for high prices.

Yet we must admit this story has us thinking perhaps the truth is a blend of those two viewpoints:

U.S. alleges Metro Vancouver homes were part of scheme to launder money embezzled in China

Authorities allege that in the summer of 2011, shortly after they qualified for U.S. green cards, Qiao and Zhao began surreptitiously using accomplices to transfer millions of dollars into bank accounts in Wenzhou city, Hong Kong and Canada. At least two Canadian banks were used, HSBC Canada and the Royal Bank of Canada.

Zhao recently put the White Rock property up for sale for $689,000. Paulo Leung, a real estate agent with Regent Park Realty, said he had also sold the property to her in 2012 as an investment. He declined to say more. Both properties are being managed by Vancouver-based Chartell Properties. A receptionist there said they knew Zhao.

A search of property and title records conducted by The Vancouver Sun show that Zhao’s numbered company bought the properties outright. However, a few months later, it took out mortgages on both, totalling $1.1 million, that represented almost their entire market value. According to the U.S. indictment, a few weeks later Zhao and Qiao took money from their Canadian RBC account to pay for a Bellevue home.

Officials for the RCMP and Citizenship and Immigration Canada said they did not know if their departments assisted U.S. and Chinese investigators, and could not comment if they did.

Read the full article over in the Vancouver Sun.

FFFA! Condo, Debt, Declines, Panic, Spending

Friday, March 27th, 2015

It’s the end of another beautiful work week and if you’ve been here before you know what that means:

Friday Free-for-all time!

This is our traditional end of the week news round-up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

-Burnaby new condo sales get tough
-Debt ridden couple want it all
-Housing market hints at declines
-Is it ok to panic?
-Consumer spending plunges
-Are Canadians spent?
-Local realtor anecdotes
-Blame the CMHC?
-Dollar-a-day mortgage deal
-Video archive of the Bubble
-How much profit?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Friday Free-for-all!

Friday, March 20th, 2015

Really? Is it Friday already?

Time for another Friday Free-for-all!

Here are a few recent links to kick off the chat:

-A 40-50% drop?
-Crazy Canadian Credit
-Victoria Condos up more than houses?
-On it goes
-Meanwhile in Maple Ridge

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! Retirement, Prices, Dollar, Debt

Friday, March 13th, 2015

It’s that time of the week again.

It’s Friday Free-for-all time! This is our regular end of the week news round-up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

-Who wants to try for 200%?
-Rate fears push down dollar
-Cognitive disconnect
-We love us some debt
-Real Estate School
-Whats a mortgage default?
-The RE-tirement plan

So what are you seeing out there?

Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! Debt, Zoocasa, Sellers, Economy, Rates

Friday, March 6th, 2015

It’s the end of another work week and that means it’s Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

-Realtor Hunger Index at 54%
-Savings rate hits 5 year low
-Zoocasa to stop publishing data
-First Sellers market in 4 years
-No more rate cuts?
-Highest gas prices in North America
-How do you make a return?
-Sell your toys, don’t buy a house
-Squamish bankruptcy for Rommel
-What to talk about instead of RE?
-Consumer debt hits $1.53 Trillion

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

VCI Network

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