Tag Archives: jobs

Friday Free-for-all!

It’s that time of the week again!

lets do our regular end of the week news roundup and open topic discussion post for the weekend!

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

Vancouver sales decline 32%
Vancouver drags down national numbers
Time to panic
Vancouver market cooling too quickly?
Last September was a different season
Realtors forced to change jobs
What did Billy do wrong?
HPI vs the San Diego bubble graph
Policies will not make housing affordable
House rich, lifestyle poor
Condos best rented, not owned

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

Friday Free-for-all!

It’s that time of the week again, lets do our regular end of the week news roundup and open topic discussion thread for the weekend!

Here are a few links to kick off the chat:

Doors shutting on first time buyers
How many realtors is enough?
Vancouver RE plunges
Families leave BC
Housing affordability?
Moodys warn on Canadian debt
Sales/list Sept 2010-2011
Great new source for data
Toronto sales drop 12.5%
Kleptocrats flee china

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

Housing crash implications for banks

If you haven’t seen it yet, you should really check out this post by Ben Rabidoux over at The Economic Analyst.

This report was put together mid-June and things haven’t gotten any better since then.

It’s a lot of stuff you already know, but some data you may not have seen and it’s jam packed with beautiful charts.

Check out the how the BC economy has grown in construction, but flatlined outside:

And there’s this little data point as well:

Before diving into the data, consider this fun anecdote: There are currently over 5,000 homes in Vancouver metro area for sale for over $1 million according to MLS.ca.  In comparison, the NAR reports that in April, just over 7,000 homes sold in the entire US were sold for over $1 million.  And this despite the fact that the US population is 135X greater than the metro Vancouver market, the average personal disposable income in the US is 20% higher than the Vancouver average ($37,100 vs. $30,800) while US per capita GDP is higher than the average for all of BC.

Do yourself a favour and read the full post over at The Economic Analyst if you haven’t already.

 

 

 

 

Friday Free-for-all!

It’s the end of another work week and the start of another month! Hope you paid your rent and your mortgage bills and still have money in the bank.

The month of May wrapped up with higher than normal listings and lower than normal sales. We’ll have to wait to see what the official word is, but it sounds like we may see a bit of softening in some detached prices and little bump up in condo prices.

Let’s do 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:

MOI 6.66, the MOI of the beast
Inventory graph back into record high
Teranet sales pair dries up
Will bloggers ruin the perfect market?
Okanagon sees huge foreclosure spike
How much is your commute?
Building jobs boom
Van Commercial RE booms
RBC: Ownership costs climbing
Rising prices means confidence for Toronto

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