Category Archives: Uncategorized

Sunshine Coast land sales

Skook has updated the massive Sunshine Coast Land Sales thread over at VancouverPeak– this thread shows historical and 2014 data.

Just a short ferry ride away they never really saw a recovery after the 2008 crash – There are lots for sale in Gibsons that were asking $219k in 2007 and are currently asking $169k.

Here’s the most recent post with data for November 2014.

Hat-tip and thanks to Skook for compiling the data!

Labor Participation Rate lowest since Nov 2001

Canada’s job market dropped close to 11k jobs in November, but this is after a couple of months of big gains.  We’re sitting now at 6.6% unemployment nationwide.

The good news? We’re seeing gains in full time positions and most of the losses are in part time positions:

Full-time employment grew by 5,700 jobs, while part-time work dropped by 16,300. The goods-producing sector, which includes the manufacturing, natural resources and construction industries, added 17,300 posts, while the services sector lost 28,000.

The 12-month gain came to 146,000 positions, an increase of 0.8 percent, while the six-month moving average for employment growth was 21,300 jobs, down from 27,400 in October.

Read the full article here.

Friday Free-for-all! Rates, Pop, HPI, Dip

It’s the end of another week, time for a long weekend!

And since it’s Friday that means it’s time for 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:

Banks in trouble if bubble pops
WTF is the HPI?
Cost of debt dips
High end sales dip just a blip?
Crash fears rising
US new home sales slide
China RE price drop trigger protests

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

FFFA! Exodus, Data, Finance, Sales

Hey hey looky here! It’s the end of another work 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:

Housing data ‘dangerously incomplete’
Realtor Hunger Index still above average
Deputy finance minister retires
Moving to Hong Kong for better jobs
March stats roundup
Buy as many mansions as you can
Sunshine coast: 2nd worst March

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

Financial advice for the condo trap

This on boggles the mind.

If you have an income that is dropping and you are in a negative equity position on a condo in one of the most overpriced cities in North America what should you do?

At least one financial planner says hold on tight!

She does have a way out. Lisa could sell the condo, pay off her loans, and walk away. She would be free to rent equivalent space and save perhaps $500 a month. She would be mobile, could easily take jobs in other cities and would be free of debt. However, she would have given up a good asset in valuable real estate. Moreover, unless she can get $350,000 or more for the condo, she would be in a deficit position after selling and moving costs.