Tag Archives: gordholio

Vancouver housing zeppelin

Even with all the recent warnings of a housing bubble that is no longer limited to just Vancouver and Toronto, you’ll still find lots of media coverage that dismisses bubble talk or explains it away as an ‘ownership premium’.

It’s not difficult to see why this is – there are thousands of people who’s incomes depend upon the housing market.

Whether its condo marketer Bob Rennie or a random realtor, they all have their day to day income tied to the health of the real estate
market and conveniently are given ‘expert’ status and quoted by the local media.

That makes an article opener like this all the more shocking to newspaper readers:

Is there a housing bubble in the Lower Mainland? Housing zeppelin is more like it. Bubbles, after all, are soft and cute and harmless. Zeppelins, conversely, hurtle into the ground, spewing flaming wreckage in all directions. And that’s precisely what we’re about to witness in Metro Vancouver.

That’s the intro to a rather dramatic editorial written by Gord Goble and published in a number of local papers.

Friday Free-for-all!

It’s Friday!  Take off your pants and do the happy dance!

Agh! No, wait!  Metaphorically.  Please sir, put your pants back on, this is a family restaurant.

Anyways, it IS the end of the week and do you know what that means? It’s time for another end-of-the-week news round-up and open topic discussion thread.  A little thing we like to refer to as the Friday Free-for-all!  Here are a few recent links to kick off the chat:

Canada prices up, Vancouver falls again
Inventory graph (March 29th 2012)
The boomer trigger
New budget slashes $5.2 billion
Ottawa to toughen CMHC oversight
This rant brought to you by Gordholio
TD: don’t worry about the banks
Banks tighten condo lending on bubble fears
The 3-inch condo is here
Vancouver seeks more market housing
Storm clouds form over Vancouver market

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