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| VCI Forum » Recent Topics http://vancouvercondo.info/forum/ Lower Mainland housing and economic issues. en-US Wed, 08 Feb 2012 13:42:52 +0000 http://bbpress.org/?v=1.0.2 <![CDATA[Search]]> q http://vancouvercondo.info/forum/search.php taylor192 on "My place up for rent" http://vancouvercondo.info/forum/topic/my-place-up-for-rent#post-1926 Tue, 03 Jan 2012 08:19:05 +0000 taylor192 1926@http://vancouvercondo.info/forum/ I have decided to move out and use my current place as a case study. This is the landlord's listing: <a href="http://vancouver.en.craigslist.ca/van/apa/2771310423.html" rel="nofollow">http://vancouver.en.craigslist.ca/van/apa/2771310423.html</a> In the last year: - the identical unit across the hall sat empty for 2 months @ $1850/mn and finally rented for $1750/mn - another 2bdrm unit was listed for $1950/mn, yet the ad was posted for 2-3 months so I assume the unit sat empty during that time The landlord had an open house expecting to rent the unit immediately as has happened previously. Instead there was only one showing and they were not impressed with the unit (its a bit dated: carpet instead of hardwood, no granite counters, wood panel fridge, ...) When we rented it 2.5 years ago it was the highest rent of the 10 places we chose from, and the market has only softened since. jesse on "BC 2012 Assessment roll data collection" http://vancouvercondo.info/forum/topic/bc-2012-assessment-roll-data-collection#post-1974 Thu, 12 Jan 2012 10:26:50 +0000 jesse 1974@http://vancouvercondo.info/forum/ I am proposing that people look at their favourite property and then "compared sold properties" at <a href="http://evaluebc.bcassessment.ca/Search.aspx" rel="nofollow">http://evaluebc.bcassessment.ca/Search.aspx</a>. This database is only open for a limited time so we need to get data for this year out before it closes again. I chose one in Van East and looked at the results. I've attached in XLS format. The idea here is that we can compile a database of sold properties with their assessments that we can compare in 2013. This will provide some good same sales pairs data for specific property types and neighbourhoods that we can mine. This can provide a much more focused indication of market direction than the collated benchmark or Teranet HPI. If a bunch of us do 4-5 addresses scattered around the Lower Mainland it will provide some great data in a year's time! The procedure would be as follows: 1. Go to <a href="http://evaluebc.bcassessment.ca/Search.aspx" rel="nofollow">http://evaluebc.bcassessment.ca/Search.aspx</a> 2. Type in the address of your chosen property 3. Click on "Compare Sold Properties" 4. Save the results in Excel 5. Upload the file to this forum. In a year we will review and collate the data for comparison to next year's assessments. 6. Hilarity will ensue Best place on meth on "February 2012 daily numbers" http://vancouvercondo.info/forum/topic/february-2012-daily-numbers#post-2121 Wed, 01 Feb 2012 19:45:45 +0000 Best place on meth 2121@http://vancouvercondo.info/forum/ paulb. Says: February 1st, 2012 at 7:11 pm Whoa… New Listings 305 Price Changes 74 Sold Listings 38 TI: 13368 VMD on "2012 VCI Price Prediction Contest" http://vancouvercondo.info/forum/topic/2012-vci-price-prediction-contest#post-1954 Fri, 06 Jan 2012 23:44:54 +0000 VMD 1954@http://vancouvercondo.info/forum/ Let's spice things up a little! - Contest entry closes on Feb 1st, 2012. - For each stats category, the closest prediction gets 5 points, 2nd place - 3 points, 3rd place - 2 points, 4th place - 1 point. - Scores will be compiled at first week of July 2012 and January 2013. These are the stats categories: A. REBGV HPI (All residential units) Benchmark at end of June, 2012 (Current: $621,674) B. REBGV HPI (All residential units) Benchmark at end of December, 2012 (Current: $621,674) C. REBGV Average Detached price at end of June, 2012 (Current: $1,064,249) D. REBGV Average Detached price at end of December, 2012 (Current: $1,064,249) E. Vancouver West Detached HPI Benchmark at end of June, 2012 (Current: $1,990,958) F. Vancouver West Detached HPI Benchmark at end of December, 2012 (Current: $1,990,958) G. Richmond Detached HPI Benchmark at end of June, 2012 (Current: $1,073,864) H. Richmond Detached HPI Benchmark at end of December, 2012 (Current: $1,073,864) I. Burnaby Detached HPI Benchmark at end of June, 2012 (Current: $926,663) J. Burnaby Detached HPI Benchmark at end of December, 2012 (Current: $926,663) Winner gets: 1. Bragging rights 2. Bestowed the title "The Prophet" 3. The prestigious VCI Golden Bear Award [attachment=1954,208] vibe on "Inventory Graph" http://vancouvercondo.info/forum/topic/inventory-graph#post-1431 Mon, 02 May 2011 21:44:29 +0000 vibe 1431@http://vancouvercondo.info/forum/ So is it up or down from here? [attachment=1431,160] VHB on "January 2012 Daily Numbers" http://vancouvercondo.info/forum/topic/january-2012-daily-numbers#post-1927 Tue, 03 Jan 2012 20:02:02 +0000 VHB 1927@http://vancouvercondo.info/forum/ paulb. Says: January 3rd, 2012 at 6:14 pm Here come the listings! New Listings 259 Price Changes 61 Sold Listings 45 TI:10671 <a href="http://www.laurenandpaul.ca" rel="nofollow">http://www.laurenandpaul.ca</a> Facebook: <a href="http://tinyurl.com/pboenisch" rel="nofollow">http://tinyurl.com/pboenisch</a> VMD on "MLS Lingo Translation Compilation - Input needed" http://vancouvercondo.info/forum/topic/mls-lingo-translation-compilation-input-needed#post-2093 Fri, 27 Jan 2012 00:05:38 +0000 VMD 2093@http://vancouvercondo.info/forum/ Hi all, I'd like to start a thread helping RE newbies (myself included) understand the linguistic intricacies in a typical MLS listing (especially for Vancouver). To start off: "Handyman's Special": looks bad, smells bad, has at least one major system that doesn’t function "Motivated": seller gives the impression that he is under pressure to reach a quick deal perhaps someone can continue on by defining "Vancouver's Special", etc. (Feel free to help further define a phrase that someone else already defined) VHB on "Oh yeah yeah yeah 13K is the best way! It is part-ay time!" http://vancouvercondo.info/forum/topic/oh-yeah-yeah-yeah-13k-is-the-best-way-it-is-part-ay-time#post-2082 Tue, 24 Jan 2012 18:13:35 +0000 VHB 2082@http://vancouvercondo.info/forum/ Hizzah! We have reached 13K inventory. Time for a Tuesday night party. 604x on "Letter Writing Campaign" http://vancouvercondo.info/forum/topic/letter-writing-campaign#post-2075 Mon, 23 Jan 2012 21:39:42 +0000 604x 2075@http://vancouvercondo.info/forum/ Here's one to get things rolling. I'll follow-up with letters for CRA and other departments when I get some time: Mr. Mark Carney Governor, Bank of Canada 234 Wellington Street Ottawa, Ontario, Canada K1A 0G9 RE: Targeted Response to Housing Hot Spots – Ending Speculation Dear Governor Carney: As you have stated several times in the last year, several real estate markets in Canada are experiencing overvaluation challenges. Clearly using the blunt instrument of higher interest rates would cause too much collateral damage to the broader economy to risk. We are writing to suggest an alternative approach to cooling certain over-heated markets. Our request: We hereby request the Bank of Canada’s support to encourage the Canada Revenue Agency (CRA) to clamp down on tax shelters and tax evasion strategies being used by real estate speculators. This would cool the two major markets suffering from extreme overvaluation and inflation – Vancouver and Toronto. The two most obvious examples of tax evasion are: 1. Home owners renting out suites of a property and not claiming such income on tax returns – this problem is enormous and growing. Income from such suites is being used by owners to speculate on additional real estate. 2. Recent immigrants who establish residency for wife/children but leave the working father as non-resident to ensure offshore income is not taxable in Canada. This is particularly egregious since the resident family can claim extensive benefits in Canada without contributing. Finally, and perhaps most effectively, we request CRA announce it is going to work closely with the People’s Republic of China to identify proceeds from crime and theft which has been stolen from China and moved to Canada. This review will focus on proceeds being used to invest/speculate in real estate while simultaneously being hidden from the Chinese government. Such reviews will include working with Citizen and Immigration Canada. Yours truly, Resident of Vancouver Cc Revenue Canada Agency Citizenship and Immigration Canada VHB on "Live from Greater Vancouver: It's Saturday 12K nght!" http://vancouvercondo.info/forum/topic/live-from-greater-vancouver-its-saturday-12k-nght#post-2015 Sat, 14 Jan 2012 19:22:55 +0000 VHB 2015@http://vancouvercondo.info/forum/ 'Inventory' tells us we hit over 12K--12,006 to be exact. So, let's P A R T Y!! The Pope on "Oh Hai. Let's try new forums." http://vancouvercondo.info/forum/topic/oh-hai-lets-try-new-forums#post-2019 Sun, 15 Jan 2012 14:31:17 +0000 The Pope 2019@http://vancouvercondo.info/forum/ These old forums kind of work, but aren't great, so let's try something new. If you've already got an account on VCI head over to <a href="http://vancouverpeak.com" rel="nofollow">http://vancouverpeak.com</a> and log in with it. There's not much of anything there yet, but it's got potential. Poke around, see what you think, we need to beta test to see if it's worth continuing. Anyone can create a group, create a forum within a group or join groups they're interested in. You can message publicly or privately between groups or individuals and there are more possibilities for file attachments which should be useful for data hounds. You should be able to attach XLS, TXT, PDF, etc there and activity feeds should make it easier to communicate and share data. Try it, you might like it. <a href="http://vancouverpeak.com" rel="nofollow">http://vancouverpeak.com</a> VHB on "Let's have a party: 11,000 units for sale in Greater Vancouver!" http://vancouvercondo.info/forum/topic/lets-have-a-party-11000-units-for-sale-in-greater-vancouver#post-1931 Wed, 04 Jan 2012 21:16:08 +0000 VHB 1931@http://vancouvercondo.info/forum/ Let's party when inventory hits 11K. This is the place to be, in jan-u-ar-eeee. doubleplusgood on "Worlds Busiest Real Estate Agent in the World." http://vancouvercondo.info/forum/topic/worlds-busiest-real-estate-agent-in-the-world#post-1804 Fri, 25 Nov 2011 14:22:33 +0000 doubleplusgood 1804@http://vancouvercondo.info/forum/ <a href="http://www.youtube.com/embed/bSslVb3LPqU">Introducing Ten Volt.</a> <a href="http://www.youtube.com/watch?v=bSslVb3LPqU" rel="nofollow">http://www.youtube.com/watch?v=bSslVb3LPqU</a> Best place on meth on "December 2011 daily numbers" http://vancouvercondo.info/forum/topic/december-2011-daily-numbers#post-1818 Fri, 02 Dec 2011 15:44:29 +0000 Best place on meth 1818@http://vancouvercondo.info/forum/ paulb. Says: December 1st, 2011 at 6:28 pm New Listings 146 Price Changes 50 Sold Listings 65 TI:14182 Flip Flop on "Rent Versus Buys Calculator" http://vancouvercondo.info/forum/topic/rent-versus-buys-calculator#post-1908 Thu, 29 Dec 2011 08:19:19 +0000 Flip Flop 1908@http://vancouvercondo.info/forum/ This is an online mortgage calculator that has been modified to Rent v Buy by allowing the difference to be invested at a set rate of return, and calculates the required appreciation for a break even scenario. I'm haven't given it a hard edit yet, but the numbers seem to work. Please let me know if you see any errors or would like to see any additoinal metrics added. FF jesse on "November 2011 daily numbers" http://vancouvercondo.info/forum/topic/november-2011-daily-numbers#post-1735 Mon, 31 Oct 2011 14:51:46 +0000 jesse 1735@http://vancouvercondo.info/forum/ As a reminder: November 2010 numbers reported by paulb. sales listings sell/newlist 96 163 59% 146 171 85% 134 153 88% 97 144 67% 121 191 63% 118 182 65% 140 188 74% 100 186 54% 135 145 93% 125 169 74% 143 170 84% 108 161 67% 148 111 133% 93 100 93% 143 139 103% 152 132 115% 109 124 88% 120 89 135% 96 83 116% 106 124 85% 136 101 135% November 2010 month end data Average Sales 122 Total Sales 2566 Average Listings 144 Total Listings 3026 Average sell/list 85% Days in month 21 Days elapsed 21 % days elapsed 100% Expected sales 2,566 Expected listings 3,026 Max daily sales 152 Min daily sales 93 Max daily listings 191 Min daily listings 83 Previous sales volume (REBGV data) 1999 1775 2000 1730 2001 2604 2002 2555 2003 3018 2004 2486 2005 2938 2006 2358 2007 2883 2008 874 2009 3000 2010 2509 crashcow on "Annotated Chart of 10-yr MLS Home Price Index" http://vancouvercondo.info/forum/topic/annotated-chart-of-10-yr-mls-home-price-index#post-1807 Sat, 26 Nov 2011 12:11:01 +0000 crashcow 1807@http://vancouvercondo.info/forum/ Click for larger view [attachment=1807,197] vanpro on "Van SFH Price Now 3 TIMES NY City's !!!!" http://vancouvercondo.info/forum/topic/van-sfh-price-now-3-times-ny-citys#post-1766 Wed, 09 Nov 2011 12:27:24 +0000 vanpro 1766@http://vancouvercondo.info/forum/ Greater Vancouver's SFH price is now nearly 3 TIMES the latest median SFH price for metro NY City!!! Metro NY has a population 6 TIMES Greater Vancouver on WAY LESS land than Vancouver and NY has way higher incomes & wealth than Greater Vancouver. Even more ludicrous: the avg. condo price in all of Greater Vancouver is now higher than the median SFH home price in metro NY!!! <a href="http://www.bloomberg.com/news/2011-11-09/home-prices-fall-in-almost-three-fourths-of-u-s-cities-as-economy-slows.html" rel="nofollow">http://www.bloomberg.com/news/2011-11-09/home-prices-fall-in-almost-three-fourths-of-u-s-cities-as-economy-slows.html</a> "The median price of a single-family home in the New York metropolitan area fell 3.6 percent to $389,600 in the third quarter." doubleplusgood on "Rearview forecasting prices and interest rates." http://vancouvercondo.info/forum/topic/rearview-forecasting-prices-and-interest-rates#post-1565 Sun, 17 Jul 2011 17:34:35 +0000 doubleplusgood 1565@http://vancouvercondo.info/forum/ <a href="http://www.youtube.com/watch?v=h-DXJMqjXJo" rel="nofollow">http://www.youtube.com/watch?v=h-DXJMqjXJo</a> Best place on meth on "October 2011 daily numbers" http://vancouvercondo.info/forum/topic/october-2011-daily-numbers#post-1679 Mon, 03 Oct 2011 18:22:36 +0000 Best place on meth 1679@http://vancouvercondo.info/forum/ paulb. Says: October 3rd, 2011 at 6:30 pm New Listings 319 Price Changes 162 Sold Listings 128 TI:16525 vanpro on "Mainland Chinese Buyer "Myth"" http://vancouvercondo.info/forum/topic/mainland-chinese-buyer-myth#post-1480 Tue, 31 May 2011 10:08:07 +0000 vanpro 1480@http://vancouvercondo.info/forum/ See latest (Q1, 2011) Residential Report from Colliers International. They find that although Mainland Chinese are buying SFH's in Van West and Richmond it is a "myth" that Mainland Chinese buyers are driving all sales and, with regard to new condo projects, the "Chinese" or "Asian" buyers seen at new condo projects are not foreigners but "local residents" of Chinese or Asian decent: <a href="http://www.collierscanada.com/en/~/media/Files/Research/2011/Vancouver-Residential-RealEstateReport-2011-Q1.ashx" rel="nofollow">http://www.collierscanada.com/en/~/media/Files/Research/2011/Vancouver-Residential-RealEstateReport-2011-Q1.ashx</a> Quote: "There also seems to be more myths than facts about Mainland Chinese investing. This trend is certainly impacting single family housing values in Vancouver - West and Richmond. However, it is not the driving force behind all sales. For example, a number of the recent launches reported large numbers of Asian buyers. Yet a significant portion of these buyers are actually local residents not foreigners." real_professional on "TSX vs. Real Estate" http://vancouvercondo.info/forum/topic/tsx-vs-real-estate#post-1356 Wed, 30 Mar 2011 22:15:16 +0000 real_professional 1356@http://vancouvercondo.info/forum/ Updated to January 2011 <img src="http://vancouvercondo.info/wp-content/uploads/2011/03/Stocks-vs-Real-Estate-January-2011.jpg"> Housing index data source: <a href="http://www.housepriceindex.ca/" rel="nofollow">http://www.housepriceindex.ca/</a> VHB on "May 2011 Daily Numbers" http://vancouvercondo.info/forum/topic/may-2011-daily-numbers#post-1435 Tue, 03 May 2011 19:09:08 +0000 VHB 1435@http://vancouvercondo.info/forum/ Dailies - List | Sold Vancouver East & West* New Listings - 84 Back On Market Listings - 9 Price Changes - 22 Sold Listings - 38 Vancouver All Areas* New Listings - 322 Back On Market Listings - 47 Price Changes - 147 Sold Listings - 135 *Attached & Detached - Date: 05/02/2011 Time:17:30 Pacific YatterMatters.com: Courtesy REBGV. Data believed to be accurate but is not guaranteed. Best place on meth on "July 2011 daily numbers" http://vancouvercondo.info/forum/topic/july-2011-daily-numbers#post-1543 Tue, 05 Jul 2011 17:01:10 +0000 Best place on meth 1543@http://vancouvercondo.info/forum/ paulb Says: July 4th, 2011 at 6:59 pm New Listings 309 Price Changes 163 Sold Listings 148 Total Inventory: 15630 Best place on meth on "September 2011 daily numbers" http://vancouvercondo.info/forum/topic/september-2011-daily-numbers#post-1627 Thu, 01 Sep 2011 18:50:35 +0000 Best place on meth 1627@http://vancouvercondo.info/forum/ paulb Says: September 1st, 2011 at 6:17 pm New Listings 216 Price Changes 78 Sold Listings 83 TI:15962 Best place on meth on "17,000 inventory party!!!!" http://vancouvercondo.info/forum/topic/17000-inventory-party#post-1653 Fri, 23 Sep 2011 18:34:35 +0000 Best place on meth 1653@http://vancouvercondo.info/forum/ 17K, bitchez!!!! You think I was always rich? NO!! I used to be poor - JUST LIKE YOU! [attachment=1653,186] Grant11 on "If u put your ps3 controller on pc will it still work on your ps3?" http://vancouvercondo.info/forum/topic/if-u-put-your-ps3-controller-on-pc-will-it-still-work-on-your-ps3#post-1628 Thu, 01 Sep 2011 22:19:41 +0000 Grant11 1628@http://vancouvercondo.info/forum/ I have Halo on my pc <a href="http://www.708buy.com/deal/ps3-wireless-keyboard">ps3 bluetooth keyboard</a> and I'm tired of using those keys on the <a href="http://www.708buy.com/deal/m3-card-for-sale">m3 card</a> keyboard and I was just wondering if I can still <a href="http://www.708buy.com/deal/dualshock-3-ps3-wireless-controller">ps3 sixaxis controller</a> use the controller on my Ps3? Best place on meth on "August 2011 daily numbers" http://vancouvercondo.info/forum/topic/august-2011-daily-numbers#post-1583 Wed, 03 Aug 2011 19:13:03 +0000 Best place on meth 1583@http://vancouvercondo.info/forum/ Vancouver East & West* New Listings – 99 Back On Market Listings – 11 Price Changes – 20 Sold Listings – 54 Vancouver All Areas* New Listings – 248 Back On Market Listings – 32 Price Changes – 104 Sold Listings – 181 *Attached & Detached – Date: 08/02/2011 Time:21:47 Pacific YatterMatters.com: Courtesy REBGV. jesse on "Gold versus Dow Real Return" http://vancouvercondo.info/forum/topic/gold-versus-dow-real-return#post-1610 Mon, 22 Aug 2011 07:47:01 +0000 jesse 1610@http://vancouvercondo.info/forum/ I have compiled a chart showing compounded annual growth rate with 2/3rds dividend reinvestment comparing the Dow to gold, from 1900 to present. I want to double-check my math on the dividend reinvestment but, on first pass, the results are striking. The blue is where the Dow has outperformed gold, the orange is where gold has outperformed the Dow. Remember we're including total reinvested returns after income taxes on dividends. Oh and gold doesn't have dividends to re-invest <img src="http://vancouvercondo.info/forum/my-plugins/bb-smilies/default/icon_smile.gif" title=":)" class="bb_smilies" /> The way to read the chart is to look at a year down the left side, and then see that the CAGR is after the number of years along the columns. I'll try to upload my data to Google spreadsheets later on this week for scrutiny; this was just a quick analysis. midnite toker on "Renting an apartment , seperating the seeds and seems from the good stuff" http://vancouvercondo.info/forum/topic/renting-an-apartment-seperating-the-seeds-and-seems-from-the-good-stuff#post-1363 Fri, 01 Apr 2011 22:06:01 +0000 midnite toker 1363@http://vancouvercondo.info/forum/ So after months of nagging from the old lady we gave our notice to the landlord this month. We are currently renting an older townhouse in the mallairdville area for $800 + utils. We're trying to look for a slightly nicer, fairly large 2 bdroomapartment. Looking in North Burnaby and North Van mostly and I'm just suprised at the large number of shitty apartments. Our price range up to $1100, 1200$ would be streching it since since shes not workimng. Anyway does anybody have some tips for finding a decent place for a reasonable price? Last time we moved was 2 years ago and I remember a lot more choices in the $1000 range then.