It used to be that Vancouverites were concerned about leaky condos.
There was a time when local newscasters and politicians would wring their hands and referred to condo repairs blossoming across town as a ‘crisis’.
Then we discovered that tarps can be worn with flair!
Here’s just a few different styles that you can currently find on the Fairview slopes, look around town and see if you can spot these or other trend setting styles!
What special style has your strata chosen?
just throw it up there! This bohemian style says you have more important things to do than tidy up the tarps.
2. Tidy blue:
a ‘just so’ cap of shiny white tarp tops custom fit to your building is offset by a beautiful blue mesh, making even a grey sky look sunny!
just a little on the top please! Leaves the balconies, doors and windows unblocked, but keeps the rain off the roof!
for the serious mysterious type. Cover everything in a tight white shell. These are not the droids you’re looking for.
5. Cascading green:
for extra excitement in a downpour, this style will only work with a multilayered building but creates a beautiful waterfall effect in a heavy rain. The green mesh says ‘i care’ about the environment.
Have we missed any quintessential Vancouver tarp styles?
Dyugle pointed out this graph on historical mortgage application volume at canequity.
There are some great stats at that site, but the historical chart is remarkable.
It goes back to 2003 and so far 2013 is scrapping along historical lows for that full time period.
I guess homebuyers these days are just using suitcases of cash?
I don’t know how else you would explain this big shift in mortgage applications unless the data is still being updated.
*Anon points out this is percentage of preapproval applications done online. So why are we seeing a smaller percentage of preapproval applied for online than we did for the last ten years? Any mortgage brokers care to comment?
Its even more remarkable when you look at this graph and notice how normally this would be the time of year with the highest volume of mortgage applications.
As prices have gotten silly in Vancouver they are often compared to what you can get in other cities around the world, many of them in the post-correction US.
But you don’t have to go far for an alternative to Vancouver, you can even stay in the province.
Our nearest comparable would be the smaller city of Victoria.
To that end Interest Only has put together this chart showing the variation in home prices between Vancouver and Victoria based on Teranet data. After dipping in 2005 the deviation has become rather pronounced recently. Here’s what they say about it:
What this tells us is that Average home prices in Vancouver relative to Victoria are stretched. Victoria prices are rolling over and as a result, Vancouver looks like a new 23 year high versus Victoria prices. The ratio is outside of two standard deviations relative to the 23 year average (The shaded area).
Now that tax season and vacations are over and done with, we head back to the Battlefield!
– Fraser River turned crimson with Bovine blood as the REBGV Bulls failed to defend their Last Stand in Coquitlam. The Bear Army pressed forward and took control of North Surrey for the first time in this War.
– The Bears diverted their main attack forces in Van West & Richmond to solidify control of outskirts such as West Van, Burnaby, Ladner, Poco & Tsawwassen.
– The following Bull Territories are facing imminent defeat: Surrey.
In other news B5baxter has updated the inventory graph. We’re now showing the highest inventory on the chart for this time of year. Inventory is still growing, but at a slightly slower pace.
Over the last 30 days the average daily increase was: 55
At this rate we would reach 16,000 in 5 days (Mar-12-13)
At this rate we would reach 20,000 in 78 days (May-23-13)
and 25,000 by August 22, 2013
Last year during this same 30 day period the averages was: 57
Last week the average was 56
Thanks PaulB for the numbers!
It’s always fun to compare what your Vancouver home dollars will get you in less fortunate countries.
A commenter by the name of mortgage posted this delightful contrast.
Here’s what $2.5 million will get you on a major street in the Cambie corridor, walking distance from the world famous ‘Oakridge Center Mall’. This 1948 beauty is located near the vibrant heart of Vancouver, where the sun always shines:
Somewhat south of there is a place called Beverly Hills California. If you take your $2.5 million down there you’ll find something like Dudley Moores old digs:
..but you wouldn’t be walking distance to Oakridge Mall. They have a Zellers.