How’s them development permits?

An anecdote from southseacompany:

Post from one of my LinkedIn connections;

“Lead indicators … Vancouver’s Development Permit Board reviews major project applications. Their agenda looks rather empty. ”

July 22, 2019 – Cancelled
August6, 2019 – Cancelled
September 3, 2019 – Cancelled
September 16, 2019 – Cancelled

“When I served on the DPB (1999 -2002) we commonly had 3 to 4 items on the agenda EVERY two weeks.”

19% mortgage fraud rate?

Bullwhip29 shared this story claiming 1 in 5 millennials commit mortgage fraud:

Around one in five (19 per cent) of Millennial home buyers responding to the survey admitted to inflating their annual income on their mortgage application. And nearly 23 per cent of Millennial home buyers said they think this is an acceptable course of action in today’s mortgage climate — nearly double the 12 per cent of all respondents who agreed this was OK.

Read the full article here.

Friday free-for-all! Aug 23rd 2019

End the week already, I want to get off!

Time for another news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

empty home tax working

rate drop pumps sales

recession time again?

the rents too damn high!

vancouve lux RE weakest in world

one year without a price increase

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

Friday free-for-all! August 16th 2019

Its the end of another week and that means its time for another open topic discussion thread for the weekend.

Friday free-for-all time!

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

We are the 112th best city in Canada

Not allowed to publish price data?

childless cities

money laundering inquiry should focus on RE

soaring price to return with falling rates?

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